Pandora Q3 like-for-like sales beat forecasts; tariff refund boosts profit

Pandora reported stronger-than-expected third-quarter like-for-like sales growth of 4%, exceeding analyst estimates, driven by a 6% organic growth rate. The company's operating profit also surpassed expectations, reaching DKK 1.06 billion, with a one-time U.S. tariff refund contributing significantly to the profit boost. Despite a slowdown in like-for-like sales growth to 1% in October, Pandora expects better performance in the fourth quarter, with revised organic growth forecasts and an operating margin target of 14% to 15%.

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