Pandora Faces Mounting Margin Pressure -- Market Talk

Dow Jones

01/12

1116 GMT - Pandora's underperformance in the fourth quarter, with muted festive trading, is a further sign of the brand's cyclicality and mounting margin pressure, UBS analyst Chris Huang writes. Fourth-quarter organic sales growth landed at 4%, versus consensus looking for 7%, while like-for-like was flat versus consensus at 3%. Combined with further downside risks to 2026 estimates, this sent the shares down by 13% on the day. "The sequential underperformance of the U.S. and Fuel with More segment ... raises potential concerns over the brand's near-term recovery prospects." UBS models 2026 like-for-like sales growth of 1% and a 21% EBIT margin, versus consensus at 3% and 23%, respectively. UBS lowers its price target on the stock to 555 Danish kroner from 655 kroner and keeps at sell. Shares fall 2.8% to 572 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

January 12, 2026 06:16 ET (11:16 GMT)

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Fourth-quarter organic sales growth landed at 4%, versus consensus looking for 7%, while like-for-like was flat versus consensus at 3%. Combined with further downside risks to 2026 estimates, this sent the shares down by 13% on the day. \"The sequential underperformance of the U.S. and Fuel with More segment ... raises potential concerns over the brand's near-term recovery prospects.\" UBS models 2026 like-for-like sales growth of 1% and a 21% EBIT margin, versus consensus at 3% and 23%, respectively. UBS lowers its price target on the stock to 555 Danish kroner from 655 kroner and keeps at sell. Shares fall 2.8% to 572 kroner. 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Fourth-quarter organic sales growth landed at 4%, versus consensus looking for 7%, while like-for-like was flat versus consensus at 3%. Combined with further downside risks to 2026 estimates, this sent the shares down by 13% on the day. \"The sequential underperformance of the U.S. and Fuel with More segment ... raises potential concerns over the brand's near-term recovery prospects.\" UBS models 2026 like-for-like sales growth of 1% and a 21% EBIT margin, versus consensus at 3% and 23%, respectively. UBS lowers its price target on the stock to 555 Danish kroner from 655 kroner and keeps at sell. Shares fall 2.8% to 572 kroner. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PNDRY":"Pandora A/S","BK4202":"服装、服饰与奢侈品"},"translate_title":"潘多拉面临越来越大的利润压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PNDRY":0.9},"content_text":"1116 GMT - Pandora's underperformance in the fourth quarter, with muted festive trading, is a further sign of the brand's cyclicality and mounting margin pressure, UBS analyst Chris Huang writes. Fourth-quarter organic sales growth landed at 4%, versus consensus looking for 7%, while like-for-like was flat versus consensus at 3%. Combined with further downside risks to 2026 estimates, this sent the shares down by 13% on the day. \"The sequential underperformance of the U.S. and Fuel with More segment ... raises potential concerns over the brand's near-term recovery prospects.\" UBS models 2026 like-for-like sales growth of 1% and a 21% EBIT margin, versus consensus at 3% and 23%, respectively. UBS lowers its price target on the stock to 555 Danish kroner from 655 kroner and keeps at sell. Shares fall 2.8% to 572 kroner. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 12, 2026 06:16 ET (11:16 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}