🇩🇰 $PNDORA.CO Q1 2026 💍 📈 TTM revenue and ROIC holding up. 🇨🇳 China the weak spot. 🥈 Silver at $82/oz with hedges rolling off in Q3 means 1,100bp of margin headwind. Pandora's answer: platinum plating replacing silver from 2026, full transition by 2028. 💎

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