Jeweller Pandora nudges up 2026 outlook helped by demand for novelties

PARIS, Nov 4 (Reuters) - Danish jewellery maker Pandora on Wednesday nudged up its revenue and operating margin guidance for 2026, citing improving demand in its biggest markets the US and Europe as it launches new collections and accelerates a shift to platinum-plated products. 

"More distinctive designs and culturally relevant marketing are driving brand heat. We’ve narrowed our 2026 guidance towards the upper end of the range," CEO Berta de Pablos‑Barbier said in a statement.

Pandora, which sells charm bracelets starting at $80 and lab-grown diamond jewellery, said it now sees organic sales growth of between 2% and 3%, against previous guidance of 0% to 3%. 

It now expects a full-year operating profit margin of 22.5% to 23%, against 22% to 23% previously. 

Comparable revenue in the third quarter rose 7% to 6.69 billion crowns ($1 billion), beating a mean forecast of 6.58 billion in a poll of analysts provided by Pandora. Operating profit rose to 1.06 billion crowns  ($159 million) from 880 million.

($1 = 6.6544 Danish crowns)