SIG Stock Recent News

Signet stock fell sharply on Thursday after first-quarter results disappointed. Management was cautious about the remainder of the year but still sees a return to growth in the second half.

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Signet (SIG) first-quarter fiscal 2025 earnings rise year over year but same-store sales decline 8.9%. Its gross profit falls 9.4% year over year to $572.4 million, with a flat gross margin of 37.9%.

Signet Jewelers' (SIG) 1Q adjusted EPS came in at $1.11 versus an estimated $0.85 and revenue came in at $1.51B versus an estimated $1.51B. CFO Joan Hilson joins Diane King Hall to discuss the company and its earnings.

Signet Jewelers Limited (NYSE:SIG ) Q1 2025 Earnings Conference Call June 13, 2024 8:30 AM ET Company Participants Rob Ballew - Senior Vice President, Investor Relations Gina Drosos - Chief Executive Officer Joan Hilson - Chief Financial, Strategy and Services Officer Conference Call Participants Paul Lejuez - Citigroup Ike Boruchow - Wells Fargo Mauricio Serna - UBS Jim Sanderson - Northcoast Research Dana Telsey - Telsey Group Operator Good morning, and welcome to Signet Jewelers First Quarter Fiscal 2025 Earnings Call. At this time, all lines are in a listen-only mode.

Shares of diamond seller Signet Jewelers Ltd. tumbled Thursday, after the parent of Kay Jewelers, Zales and Jared jewelry-store chains missed quarterly sales expectations, as engagements continued to decline and as troubles integrating Blue Nile continued.

Signet Jewelers Limited is currently a cheap stock, but has been mostly sideways due to economic uncertainty and lack of growth. Despite sales being down, Signet is seeing positive impact from its membership program and expects positive same store sales in the second half of Fiscal 25. The company's financials show a decrease in sales and net income, but an improvement in gross margin and adjusted EPS, making it a potential buying opportunity in the mid-$90s.

Signet (SIG) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.78 per share a year ago.

The jewelry company beats earnings estimates but same-store sales fall more than Wall Street estimates.

Signet Jewelers Ltd (NYSE: SIG) is trading up in premarket on Thursday after reporting better-than-expected per-share earnings for its first quarter.  Signet Jewelers offers encouraging guidance The stock is gaining also because the diamond jewelery chain issued upbeat guidance for the future.