Pandora CEO Berta de Pablos-Barbier said that (Trump’s) tariffs were a “headwind” for first-quarter profits.
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We have not received any information yet, so we cannot count on the refund related to Trump’s tariffs. Let's wait and see. The biggest factor affecting Pandora’s profits this quarter is the cost of silver, which has more than quadrupled over the past 18 months. The company reiterated that it is shifting from pure silver to platinum as a way to reduce costs.
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