On November 3, Danish jewelry brand Pandora released preliminary results for the third quarter, with sales up 5% year-on-year to DKK 4.73 billion, less than analysts expected 14%, EBIT of DKK 957 million, higher than analysts' expectations of 917 million, and an EBIT margin of 20.2%. Given the brand's continued strong performance in the U.S. and continued improvements in Europe, Pandora still raised its full-year outlook and expects annual sales to grow by 18 to 20 percent.
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