Revenue flat like-for-like in a soft consumer environment, but a 370bp gross margin headwind from commodities, FX and tariffs was absorbed down to just 90bp net - demonstrating the margin resilience at the core of the model.
On August 20th Pandora issued a press release regarding Q2 earnings. The share price subsequently surged; especially following purchases by the CEO and CFO. It seems the absence of bad news is good news in the case of Pandora at the current point of the restructuring plan and at current price levels