Key facts
- Pandora now guides 2026 organic sales growth of 2% to 3%, against 0% to 3% previously.
- Pandora now guides a 2026 full-year operating profit margin of 22.5% to 23%, against 22% to 23% previously.
- Third-quarter comparable revenue rose 7% to 6.69 billion crowns, beating a 6.58 billion crown mean forecast in a poll of analysts provided by Pandora.
- Third-quarter operating profit rose to 1.06 billion crowns from 880 million crowns.
- CEO Berta de Pablos-Barbier said more distinctive designs and culturally relevant marketing are driving brand heat.
Pandora raised its 2026 revenue and operating margin guidance on November 4, pointing to improving demand in its biggest markets, the US and Europe, as it launches new collections and accelerates a shift to platinum-plated products.
The Danish jeweller now sees organic sales growth of between 2% and 3%, against previous guidance of 0% to 3%. It expects a full-year operating profit margin of 22.5% to 23%, against 22% to 23% previously.
"More distinctive designs and culturally relevant marketing are driving brand heat. We've narrowed our 2026 guidance towards the upper end of the range," CEO Berta de Pablos-Barbier said in a statement.
In the third quarter, comparable revenue rose 7% to 6.69 billion crowns ($1 billion), beating a mean forecast of 6.58 billion crowns in a poll of analysts provided by Pandora. Operating profit rose to 1.06 billion crowns ($159 million) from 880 million crowns.
Pandora sells charm bracelets starting at $80 and lab-grown diamond jewellery. The company cited the exchange rate of $1 to 6.6544 Danish crowns.