Pandora CFO Says 1Q Was in Line With Expectations

The transcript discusses Pandora's business performance, focusing on its transformation program and market performance, particularly in China and the US. The new CEO's role and strategic direction are highlighted, along with expectations for future growth and revenue. Market trends and marketing strategies are also analyzed.

What was a key focus of Pandora's transformation program in the first quarter?

• Increasing employee count

• Launching new products

• Cost reduction initiatives

• Expanding into new markets

How did Pandora's revenue in China perform in the first quarter compared to the previous year?

• It decreased by 5%

• It grew by 15%

• It remained the same

• It grew by 25%

What is the expected outcome of Pandora's 'Program Now' initiative?

• Expansion into new industries

• Immediate revenue growth

• Sustainable and profitable revenue growth

• Reduction in product lines

What is the duration of Pandora's transformation journey under 'Program Now'?

• One year

• Three years

• Five years

• Two years

What was a significant factor in the better performance of Pandora in the US market?

• Higher product prices

• Increased marketing expenditure

• New store openings

• Partnerships with local brands

What challenge did Pandora face in their physical stores globally?

• Increased competition

• Supply chain disruptions

• Lower foot traffic

• High employee turnover

What was the impact of the commercial reset on Pandora's e-store growth in Q1?

• It significantly increased

• It was still positive but lower than before

• It led to a decline

• It remained stable