Pandora drops after prelim Q4 results, outlook cut

Pandora A/S

09/01/2026 11:10

** Shares in Pandora PNDORA.CO fall around 5% after the Danish charms maker published lower-than-expected preliminary Q4 results and cuts its 2025 guidance

** Stock at its lowest since July 2023; among bottom of STOXX 600 .STOXX movers

** The company expects to deliver organic growth of 6% for 2025, versus its prior guidance of 7-8%

** Pandora says the year was marked by a generally weak consumer sentiment and economic headwinds

** Trading in November and December was below expectations due to lower traffic in the stores, the company adds

** Pandora also notes "softer than expected" Q4 holiday trading, particularly in North America

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))