December 2, 2019 / 11:57 AM / 13 days ago

Pandora sticks to sales forecast despite Black Friday U.S. payment glitch

COPENHAGEN, Dec 2 (Reuters) - Danish jewellery maker Pandora said on Monday there was no reason to change its sales guidance as a result of Black Friday payment issues at U.S. and Canadian concept stores.

Pandora said in a statement that payments with debit cards, gift cards and loyalty cards were “temporarily affected by an error in a third-party supplier application”, a so-called point-of-sales system.

Shares in Pandora fell 2.64% following a report by brokerage Carnegie saying it expected a January profit warning due to IT problems during Black Friday sales in the U.S.

“Q4 trading up to this point has not given us any reasons to change our guidance given at the Q3 announcement,” Pandora said. (Reporting by Nikolaj Skydsgaard; Editing by Alexander Smith)

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