SIG reports Q3 results with a 0.7% dip in same-store sales. The company is focusing on new merchandise and digital integration efforts to drive growth.
Signet Jewelers Limited's report was mixed, with a cautious outlook and declining sales, leading to a recommendation to wait for a lower entry point despite the author's two prior successful trades. Q3 sales were $1.3 billion, missing expectations by $70 million, with same store sales down 0.7% and global sales declining. Gross profit and net income fell, but GAAP gross margin remained stable at 36%; EPS was $0.12, missing estimates by $0.07.
Shares of Signet Jewelers (SIG), the world's largest diamond retailer, plunged 12% Thursday after it posted lower-than-estimated quarterly results and cut its full-year projections.
Signet Jewelers Limited (NYSE:SIG ) Q3 2025 Earnings Call Transcript December 5, 2024 8:30 AM ET Company Participants Clayton Ward - Senior Director of IR and Capital Markets JK Symancyk - CEO Joan Hilson - CFO and COO Rob Ballew - SVP of IR Conference Call Participants Ike Boruchow - Wells Fargo Paul Lejuez - Citigroup Mauricio Serna - UBS Jim Sanderson - Northcoast Research Operator Good morning, and welcome to the Signet Jewelers Third Quarter Fiscal 2025 Earnings Call. At this time, all lines are in a listen-only mode.
On Thursday, Signet Jewelers Ltd SIG stock plunged after the company reported its fiscal third-quarter 2025 earnings.
Signet (SIG) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.24 per share a year ago.
Retailer warns its revenue may fall short of expectations in the coming quarter.
Investing in turnaround plays like Signet Jewelers can be profitable but risky; recent underperformance contrasts with long-term growth potential and attractive share pricing. Despite revenue and profitability challenges, Signet's shift to an asset-light strategy and e-commerce growth shows promise; same-store sales and transaction values need improvement. Management's guidance for fiscal 2025 suggests potential revenue and profitability stabilization; achieving these targets could significantly boost share value.
Jeff Yass is a billionaire investor best known for co-founding Susquehanna International Group (SIG). SIG is a powerhouse fund boasting nearly $60 billion in assets under management.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, Signet (SIG) stood at $94.59, denoting a -0.64% change from the preceding trading day.
In the most recent trading session, Signet (SIG) closed at $97.92, indicating a -0.68% shift from the previous trading day.