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Jewellery maker Pandora says weak consumer sentiment hits growth
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Jewellery maker Pandora says weak consumer sentiment hits growth
Mar 11, 2026 12:09 AM

STOCKHOLM, Jan 9 (Reuters) - Danish jewellery group Pandora warned on Friday its full-year organic sales growth for 2025 would ‌land at 6%, below its previous ​guidance of 7-8%, sending its ‍shares down.

Pandora said in ⁠a preliminary ⁠reading of 2025 results that it ‌expected an operating ​profit margin of around 24%, in line with ⁠its previous guidance.

"The ‍top-line ​performance reflects a year marked by a generally weak consumer ‍sentiment, with North America being particularly impacted in the fourth quarter," it said in a statement.

"The bottom-line performance demonstrates ​strong ‍gross margins and cost discipline which partially offset ​significant external headwinds from commodity prices, foreign exchange rates, and tariffs."

Shares in the company, which is due to publish its full fourth-quarter ​earnings report on February 5, were down 5% at 1106 GMT.

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