CSE$PNDRY

Pandora A/S · Q2 2026 earnings

Q2 2026 earnings · · Investor relations

Briefing

Pandora A/S reported Q2 2026 results with 3% organic revenue growth and upgraded full-year guidance.

Pandora delivered revenue of DKK 7.219 billion in Q2 2026, up 2% reported and 3% organic, driven by 1% like-for-like growth and network expansion. Operating profit rose to DKK 1.463 billion with an EBIT margin of 20.3%, supported by a one-off tariff refund. Net profit reached DKK 875 million and EPS was DKK 11.7, leading to an upgrade in 2026 organic growth guidance to 0-3%.

  • Q2 2026 revenue totaled DKK 7,219 million with 3% organic growth (1% LFL).
  • EBIT increased 14% to DKK 1,463 million (20.3% margin), aided by one-off income.
  • Net profit for the quarter was DKK 875 million; basic EPS DKK 11.7.
  • 2026 guidance raised to 0-3% organic growth and 22-23% EBIT margin.

Headline financials

Total Revenue

kr1.11B

No prior period
EPS (adj)

kr11.70

No prior period
Organic Growth

3.0%

No prior period
Like-for-Like Growth

1.0%

No prior period
EBIT Margin

20.3%

No prior period
Free Cash Flow

kr228M

No prior period
Net Income

kr135M

No prior period
Operating Income

kr226M

No prior period
Total Assets

kr4.51B

No prior period

Revenue & EPS history

Pandora · Revenue · Quarterly

kr1.11B

Q2 2026

Forward guidance

Guidance for 2026 upgraded to 0-3% organic growth and 22-23% EBIT margin.

Tailwinds

  • Current trading in Q3 shows mid-single digit LFL growth.
  • New collections and marketing initiatives driving early positive signs.

Headwinds

  • Ongoing external headwinds from tariffs, commodities, and FX.

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro