Pandora CEO Says Stimulus Checks Boosted Business

The transcript discusses the jewelry market trends, particularly in the US, highlighting the impact of stimulus checks and the expected market contraction in 2022. It covers the challenges of maintaining EBIT margins amidst rising costs and the strategic use of hedging to manage input costs like silver. The discussion also touches on the difficulties faced in China due to COVID policies and the cautious approach to brand relaunches. Finally, it explores consumer behavior changes in the US and the recent launch of lab-grown diamonds by Pandora.

How did the sentiment of consumers change as gasoline prices decreased?

What factors contributed to the growth of the jewelry category in the US last year?

What assumptions were made regarding the contraction of the jewelry category this year?

What is the expected impact of rising costs on the company's EBIT margin?

What challenges are being faced in the Chinese market for the brand?

How has the customer demographic visiting Pandora stores changed recently?

What early feedback has been received regarding the launch of lab-grown diamonds?