SIG Stock Recent News

Retailers are starting to benefit from a more stable inflationary environment with Guess (GES) and Signet Jewelers (SIG) being two retail stocks that investors shouldn't overlook after their favorable Q4 results.

At first glance, diamond jewelry retailer Signet Jewelers (NYSE: SIG ) seems like a money pit. On Wednesday, SIG stock suffered a devastating drop of more than 12%.

An expected post-pandemic resurgence in engagements may be delayed by today's economic conditions. High inflation and an uncertain labor market could lead couples to put off getting married, Gina Drosos, CEO of Signet Jewelers, the owner of Kay Jewelers and Zales, told Bloomberg in a report posted Wednesday (March 20).

Signet came up a bit short on revenue in its fourth quarter, but beat profit estimates. The company's bottom-line guidance was short of estimates.

Shares of Signet Jewelers (SIG) plunged Wednesday after the jewelry chain's quarterly sales and guidance missed estimates as fewer people are getting engaged to be married.

Signet's (SIG) fourth-quarter fiscal 2024 earnings rise y/y but same-store sales decline 9.6%.

Shares of Signet Jewelers Ltd. were suffering their worst day in nearly two years after the seller of diamond jewlery warned of a surprise same-store sales decline in the current quarter, as marriage engagements dropped off to start the year.

Signet (SIG) came out with quarterly earnings of $6.73 per share, beating the Zacks Consensus Estimate of $6.33 per share. This compares to earnings of $5.52 per share a year ago.

The jewelry company reports fiscal fourth-quarter adjusted earnings of $6.73 a share, topping Wall Street estimates.

Signet (SIG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.