Danish jewelry brand Pandora reported 7% organic sales growth in Q1 2025, with U.S. same-store sales up 11% and Europe posting 4% growth. Gross margin improved to 80.4% and EBIT margin to 22.3%. The company launched a 4 billion DKK ($575 million) share buyback in February, boosting earnings per share by 19%. While reaffirming its 7-8% full-year growth target, Pandora lowered its EBIT margin forecast from 24.5% to 24% due to foreign exchange pressures and potential U.S. tariff impacts.