Pandora’s (PNDRY) CEO, Alexander Lacik, has spoken out on the tariff situation, stating that customers will be forced to incur higher costs in the face of higher tariffs. “At the end of the day, with high tariffs, pricing will be passed on to the U.S. consumer. There is no doubt,” said the jewelry company CEO.
Pandora CEO Warns of Higher Costs for Consumers
Lacik added that Pandora and its competitors have yet to adjust their prices given uncertainty on where tariff rates will end up, according to the WSJ. Shares of PNDRY traded lower after the company reported its first quarter earnings.
