Pandora’s UK sales marginally rose in its second quarter, as the jeweller benefitted from an increase in traffic during the period.
Revenues nudged up 1% to £79.4m from £75.1m last year.
The jewellery giant noted its UK performance remained ahead of the market, which it said was being impacted by dampened consumer sentiment.
It also attributed a rise in traffic during the quarter to the “improving strength of the Pandora brand despite the tough consumer backdrop”.
Across the global business, profit rose 12.7% to £153.1m, while sales grew 14.9% to £774.8m.
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Pandora CEO and president Alexander Lacik said: “Our strategy continues to take Pandora to new heights despite general consumer spending being somewhat sluggish.
“We have successfully started the journey to make Pandora known as a full jewellery brand, and our results show that consumers like what they see.”
He added: “Thanks to our strong performance, we are again raising revenue guidance for 2024 and look to the second half of the year with optimism.”
The results come amid a wider challenging market for the luxury sector, with Burberry’s annual profit plunging 36% earlier this year.
The luxury fashion retailer said its like-for-like sales fell 12% in the final quarter, wiping out gains made earlier in the year.
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