Sales were up 36 percent year-over-year in June and are pacing 24 percent ahead of last year at this point.
From its bridal offerings to a major lawsuit settlement, here are five things to know about the company’s first quarter results.
The company opted not to raise its fiscal guidance, citing a slowdown in the U.S. market as a key reason.
Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.
The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.
The company is feeling the impact of the uncertain geopolitical and macroeconomic environment, said CEO Beth Gerstein.
The company said the “affordable” jewelry market in the U.S. is growing slower than the overall market.
The company’s Gen-Z-focused “Pandora Me” collection put on a particularly strong performance.
The diamond giants finished the year with sales totals topping both 2020 and 2019 levels.