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Danish jewellery brand Pandora recorded 6% organic growth in the third quarter of its 2026 financial year, while marginally raising its full-year revenue and operating margin guidance for 2026, as shared in media reports.
The company reported revenue of 6.69 billion Danish krone (895.6 million euro) during the quarter, compared to 6.27 billion Danish krone in the corresponding period last year. Net profit also increased to 517 million Danish krone from 489 million Danish krone in the third quarter of its 2025 financial year.
“Pandora’s growth engine is re-energising,” said Pandora’s President and CEO Berta de Pablos-Barbier. “Q3 delivered 4% LFL [like for like] growth, with positive LFL across all regions, an encouraging step in a challenging consumer environment. More distinctive designs and culturally relevant marketing are driving brand heat. We've narrowed our 2026 guidance towards the upper end of the range and remain confident in our plans moving forward."
Pandora recorded varying growth across its key markets in the third quarter. Like-for-like sales in North America grew 3%, while the EMEA region reported 1% growth. Latin America registered 6% like-for-like growth, while Asia-Pacific remained the strongest-performing region, recording 20% growth. The jewellery brand's gross margin stood at 83.7% during the quarter.
The company also expanded its product portfolio with the introduction of platinum-plated jewellery. Following a pilot launch in the Netherlands in July, which delivered what the company described as “encouraging” results, the collection was rolled out across additional markets, including the US, UK and Australia.
Looking ahead, Pandora is placing greater emphasis on design, local market relevance and customer experience to drive growth. Under its new design strategy, the company plans to expand the range of designs and aesthetics associated with the brand from next calendar year, aiming to appeal to a broader consumer base.
