Pandora shares surge after better-than-expected first-quarter results
Updated
Updated · The Wall Street Journal · May 6
Pandora shares surge after better-than-expected first-quarter results
11 articles · Updated · The Wall Street Journal · May 6
The Copenhagen-based jeweller posted first-quarter revenue of 7.11 billion Danish kroner and EBIT of 1.49 billion kroner, beating forecasts, as the stock rose 11% in European midday trading.
Organic revenue grew 2% year on year and like-for-like sales were flat, both ahead of analyst expectations, while early second-quarter trading showed continued flat like-for-like growth.
Pandora kept its 2026 outlook unchanged despite silver-price volatility, currency swings and a leadership transition to new chief executive Berta de Pablos-Barbier, forecasting organic revenue between down 1% and up 2%.
As Pandora bets on lab diamonds and platinum, can it win over customers who are facing increasing economic pressure?
Is Pandora’s radical shift from its silver charm legacy a masterstroke or a massive gamble under its new CEO?