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Pandora (PNDRY)
OTHER OTC:PNDRY
US Market

Pandora (PNDRY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 06, 2026
TBA (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
0.22
Last Year’s EPS
0.27
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 04, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call balances clear near-term challenges — notably weak like‑for‑like growth, significant silver/commodity-driven cost pressure, regional softness and transitional one‑off costs — with several strong mitigants: robust profitability and margins in 2025, high hedging coverage for 2026, active cost programs, a capital return track record, and a concrete strategic response (design-led repositioning and the PANDORA EVERSHINE platinum‑plated plan) designed to materially reduce silver exposure and restore margin resilience over the medium term. Near-term execution and transition costs create measurable downside risk in 2026–2027, but the company has articulated a credible roadmap to regain >21% EBIT margin midterm and to preserve the accessible positioning of the brand.
Company Guidance
Pandora guided 2026 organic growth of -1% to +2% (like‑for‑like -3% to 0% plus a 2ppt network expansion), with current trading around flat LFL; FY‑2025 finished at +2% LFL (Q4 0%) and EBIT margin ~24%. For 2026 management targets an EBIT margin around 21–24% (Anders noted ~21–22% excluding headwinds) and expects 250–350bps of external headwinds (commodities ~150–250bps, tariffs ~150bps), having hedged 90–100% of 2026 silver/gold exposure; Q4 gross margin was 78% (down 170bps YoY) and Q4 EBIT margin only ~100bps lower YoY despite ~440bps total shown headwinds in the bridge. The company plans to cut silver exposure by ~80% (first ~30ppt in 2027, ~20ppt in 2028), deliver mid‑term EBIT >21% (2027: >14% at $82/oz silver before transition one‑offs, ≥12% including one‑offs), incur ~DKK600m of one‑off CapEx (DKK300–500m this year), continue converting ~800 stores to the new format, proposes a DKK22/share dividend (up 10%) after returning ~DKK6bn in cash last year, and will pause large buybacks until the platinum‑plating transition is clearer.
Solid Profitability Maintained
EBIT margin remained around 24% for FY2025 despite headwinds; Q4 gross margin was 78% (down 170 bps YoY) and the company offset much of the commodity, FX and tariff pressures through pricing and cost efficiencies.
Strong Cash Returns and Capital Discipline
Pandora returned nearly DKK 6 billion in cash last year; proposed dividend for 2026 is DKK 22 per share (up 10% YoY). Historically repurchased ~41% of shares since IPO and intends to resume sizable buybacks once transition is progressed.
High Hedging Coverage for 2026
Commodity hedging for 2026 improved to between 90% and 100%, reducing near-term P&L exposure to silver and gold relative to earlier assumptions.
Strategic Product Innovation — PANDORA EVERSHINE
Announced platinum-plated PANDORA EVERSHINE alloy to be rolled out from 2026; consumer testing (~25,000 participants across major markets) showed positive acceptance and perceived superior everyday performance vs silver.
Material Reduction in Silver Exposure Targeted
Plan to reduce silver exposure by ~80% through transition to platinum-plated products (first ~30% in 2027, additional ~20pp in 2028, remainder thereafter), lowering long-term commodity volatility risk.
Clear 2026 Financial Targets
Guidance for 2026 targets organic growth of -1% to +2% (like‑for‑like -3% to 0%, network expansion +2%) and an EBIT margin target of 21%–24% (broadly flat ex‑external headwinds).
Operational Progress and Cost Programs
Silverstone cost program delivered OpEx ratio declines (constant currency) and crafting/procurement/logistics optimizations helped offset headwinds; ~800 stores converted to the new retail format with further digital window rollouts planned.
Regional and Collection Wins
Full-year like‑for‑like growth ended at +2%; Core collection delivered +1% LFL for 2025, Talisman contributed positively in Q4; Spain performed strongly (Core +17% and Fuel with more +24% cited as examples), Japan also flagged as a strong market.

Pandora (PNDRY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

PNDRY Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 06, 2026
2026 (Q1)
0.22 / -
0.267
Feb 04, 2026
2025 (Q4)
0.74 / 0.73
0.6217.58% (+0.11)
Nov 05, 2025
2025 (Q3)
0.13 / 0.12
0.131-7.63% (-0.01)
Aug 15, 2025
2025 (Q2)
0.20 / 0.20
0.17813.48% (+0.02)
May 07, 2025
2025 (Q1)
0.24 / 0.27
0.21126.54% (+0.06)
Feb 05, 2025
2024 (Q4)
0.63 / 0.62
0.5316.98% (+0.09)
Nov 06, 2024
2024 (Q3)
0.13 / 0.13
0.11315.93% (+0.02)
Aug 12, 2024
2024 (Q2)
0.18 / 0.18
0.16110.56% (+0.02)
May 02, 2024
2024 (Q1)
0.18 / 0.21
0.18514.05% (+0.03)
Feb 07, 2024
2023 (Q4)
0.57 / 0.53
0.46314.47% (+0.07)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

PNDRY Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 04, 2026
$9.97$10.12+1.55%
Nov 05, 2025
$15.63$14.77-5.50%
Aug 15, 2025
$20.21$16.57-18.05%
May 07, 2025
$18.66$19.02+1.96%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pandora (PNDRY) report earnings?
Pandora (PNDRY) is schdueled to report earning on May 06, 2026, TBA (Confirmed).
    What is Pandora (PNDRY) earnings time?
    Pandora (PNDRY) earnings time is at May 06, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is PNDRY EPS forecast?
          PNDRY EPS forecast for the fiscal quarter 2026 (Q1) is 0.22.