Q2 2026 highlightsPandora delivered organic growth of 3% with LFL growth of 1% and network expansion & other of 2%. LFL growth in the Core was -1%, whilst Fuel with More saw an improvement to 6% LFL growth. The Q2 EBIT margin landed at 20.3%, +210bp Y/Y, benefitting by 250bp from above-mentioned one-off tariff impact. 2026 guidance and current tradingThe guidance for 2026 is upgraded to "0-3% organic growth" (versus "-1% to 2%" previously) and an EBIT margin of "22-23%" (versus "21-22%" previously). The new EBIT margin guidance reflects the expected one-off income from the IEEPA tariff claim.