Sales at the Danish jewelry giant topped the $1 billion mark in the quarter, with like-for-like growth positive in every region.
PARIS — Pandora’s gears have clicking into place and it is regaining speed.
On Wednesday, the Danish jewelry giant reported 6 percent organic growth in the third quarter, with like-for-like sales up 4 percent and a 2 percent boost from network expansion and other factors.
During the quarter, sales reached 6.69 billion Danish kronor, or $1 billion at current exchange rates.
The company also sharped its guidance toward the upper end of the range it announced in August, now expecting 2026 figures to fall in a 2 percent to 3 percent bracket for organic growth, up from the previous 0-to-3 percent target, and an EBIT margin coming in between 22.5 percent and 23 percent.
“We are seeing that we are gaining momentum. Our strategic initiatives are clicking into gear,” president and chief executive officer Berta de Pablos-Barbier told WWD, noting that consumers were responding to new designs and culturally relevant activations.
In the three months to Sep. 30, the jeweler saw positive like-for-like growth in every region, a development she deemed “an encouraging step in a challenging consumer environment.”
Sales in North America grew 3 percent in the quarter, while Europe rose by 1 percent, marking its return to growth after five quarters of contraction. The Middle East and Africa zone’s business also grew by 1 percent.
The Asia-Pacific region saw the biggest increase, with a 20 percent leap, and Latin America rose 6 percent.
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