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%. While the company posted an earnings beat, investors didn’t respond well to its disappointing guidance. Still, the broader fundamentals are positive, suggesting that at least a dead-cat bounce is in order.Signet reported adjusted earnings per share of $6.73 for its fiscal fourth quarter. This print beat the consensus target of $6.37. On the other ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION SIGNET JEWELERS LIMITED (Exact name of Registrant as specified in its charter) FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended February 3, 2024 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Washington, D.C. 20549 For the transition period from to Commission file number 1-32349 (State or other jurisdiction of incorporation) ...

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).Drosos said this on the same day that Signet Jewelers said it expects the number of engagements to increase 5% to 10% year over year in 2024, after previously forecasting that number to be 10%, ...

Shares of Signet Jewelers (SIG -10.62%) were losing their luster on Wednesday after the world's largest retailer of diamond jewelry posted solid results for its fiscal 2024 fourth quarter, but offered disappointing guidance for fiscal 2025.As of 1:21 p.m. ET, the stock was down by 10.8%. Waiting for engagements to bounce backIn its fiscal fourth quarter, which ended Feb. 3, same-store sales fell 9.6%, driving revenue down 6.3% to $2.5 billion. That missed the analysts' consensus of $2.55 billion. Despite th ...

Key TakeawaysSignet Jewelers shares plunged after the company's fourth-quarter sales and revenue guidance fell short of anaylsts' estimates. The stock was down more than 10% in early-afternoon trading Wednesday.The operator of Kay Jewelers, Zales, Jared and Blue Nile said it expects U.S. "engagement incidents" to be down in the current quarter.Signet also boosted its dividend and named a new board chair. Shares of Signet Jewelers (SIG) plunged Wednesday after the jewelry chain’s quarterly sales and guidance ...

Signet Jewelers Limited (SIG) has posted its fourth-quarter fiscal 2024 results, wherein the bottom line beat the Zacks Consensus Estimate and increased year over year. However, the top line missed the same and declined from the year-ago quarter’s readings. Also, same-store sales dropped 9.6% from the year-ago period.This Zacks Rank #2 (Buy) player’s shares have gained 39.1% in the past six months compared with the industry’s 26.5% growth.Quarterly DetailsSignet has reported adjusted earnings of $6.73 per s ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.32%. A quarter ago, it was expected that this jewelry company would post earnings of $0.15 per share when it actually produced earnings of $0.24, delivering a surprise of 60%.Over the last four quarters, the company has su ...

Exhibit 99.1 SIGNET JEWELERS REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS Results In-Line with Expectations with EPS Exceeding Announces $350 Million Cost Out Initiative Over the Next 3 Years Raised Share Repurchase Authorization to $850 Million and Common Dividend 26% HAMILTON, Bermuda, March 20, 2024 – Signet Jewelers Limited ("Signet") (NYSE:SIG), the world's largest retailer of diamond jewelry, today announced its results for the 14 weeks ("fourth quarter Fiscal 2024") and 53 weeks ("Fiscal 2024") end ...

Results In-Line with Expectations with EPS Exceeding Announces $350 Million Cost Out Initiative Over the Next 3 Years Raised Share Repurchase Authorization to $850 Million and Common Dividend 26% HAMILTON, Bermuda, March 20, 2024 /PRNewswire/ -- Signet Jewelers Limited ("Signet") (NYSE:SIG), the world's largest retailer of diamond jewelry, today announced its results for the 14 weeks ("fourth quarter Fiscal 2024") and 53 weeks ("Fiscal 2024") ended February 3, 2024. "Thank you to our Signet team for once ag ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Signet (SIG) , which belongs to the Zacks Retail - Jewelry industry, could be a great candidate to consider.This jewelry company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 37.84%.For the last reported quarter, Signet came out with earnings ...