Denmark's Pandora posts lower prelim Q4 sales on weak consumer sentiment

Pandora A/S

09/01/2026 10:57

Overview

Jewellery brand's preliminary Q4 2025 organic growth at 4%, EBIT margin around 33.5%

Company faced weak consumer sentiment in North America during Q4 2025

Pandora to announce full-year results and strategic priorities on February 5, 2026

Outlook

Pandora expects 2025 organic growth of 6%, below prior guidance of 7-8%

Pandora anticipates 2025 EBIT margin to be around 24%

New CEO plans to reduce commodity exposure and outline 2026 priorities

Result Drivers

WEAK CONSUMER SENTIMENT - Pandora cited weak consumer sentiment in North America as a factor impacting Q4 2025 performance

COST DISCIPLINE - Strong gross margins and cost control helped offset external headwinds, according to Pandora

REGIONAL VARIATIONS - Mixed performance across regions with strong growth in Spain and Poland, but weakness in Italy and Latin America

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
DKK 11.90 bln
Q4 EBIT
DKK 4 bln
Q4 EBIT Margin
33.50%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories peer group is "buy."

Wall Street's median 12-month price target for Pandora A/S is DKK828.00, about 22.4% above its January 8 closing price of DKK676.40

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNE1VBwkN

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)