Pandora AS

PNDORA: XCSE (DNK)

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Pandora: Cost Headwinds Persist, While Pricing Actions May Have Weighed on Sales; Shares Cheap

Jelena Sokolova

Jan 9, 2026

Pandora now expects 6% organic sales growth in 2025 versus prior guidance of 7%-8%. In the fourth quarter, like-for-like sales were flat, with North America up 2% like for like, versus 9% in the US for the first nine months.

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Pandora AS

Pandora: Cost Headwinds Persist, While Pricing Actions May Have Weighed on Sales; Shares Cheap

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