Pandora at 2-yr lows after sales outlook cut

Pandora A/S

05/11/2025 08:28

** Shares in Pandora PNDORA.CO fall around 4% to their lowest price since October 2023 after the Danish charms maker has lowered its expectations for FY like-for-like sales growth

** Pandora cut its comparable sales growth forecast to +3-4% from +4-5% and reported weaker than expected sales growth in Europe

** The lowered forecast reflects the actual performance over the first nine months of the year and was mostly anticipated, Jefferies says

** Including the session's fall the stock has dropped by around 40% YTD

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((agnieszka.gosciak@thomsonreuters.com; +48 58 769 66 00;))