Pandora AS

PNDORA: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	ZMj	LOCK\|$%lr#	LOCK\|>M$#P$L

Pandora Earnings: Guidance Narrowed to Upper End on Asia-Pacific Growth; Shares Fairly Valued

Jelena Sokolova, Fabienne Pfeiffer

Nov 4, 2026

Pandora posted 6% third-quarter organic sales growth and a 15.9% EBIT margin including one-offs, up from 14.0% a year ago. Shares rose 12% intraday on Nov. 4 as the company narrowed 2026 organic growth guidance to 2%-3% from 0%-3% and EBIT margin guidance to 22.5%-23% from 22%-23%.

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Pandora AS

Pandora Earnings: Guidance Narrowed to Upper End on Asia-Pacific Growth; Shares Fairly Valued

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