Technical Performance & Market Sentiment - The company's stock is trading above its 200-day and 50-day simple moving averages (SMA), closing at $103 14, compared to the 200-day SMA of $94 47 and 50-day SMA of $83 70, indicating strong upward momentum and positive market sentiment [1] - Shares have surged 41 9% over the past year, outperforming the Zacks Retail-Jewelry industry's 21 3% growth and the broader Retail-Wholesale sector's 34 2% growth, as well as the S&P 500's 33 7% growth [2] - The stock is nearing its 52-week high of $112 06, reflecting strong investor confidence and market optimism [3] Cost-Saving Initiatives & Operational Efficiency - The company has increased its fiscal 2025 cost-saving target from $150 million to $200 million and raised its three-year cost-saving goal from $350 million to $450 million, demonstrating confidence in operational streamlining [5] - SG&A expenses decreased by 2 5% in the fiscal second quarter of 2025, allowing reinvestment in growth areas such as new merchandise and digital expansion [5][6] Merchandise Margins & Product Innovation - Merchandise margin grew by 120 basis points in the fiscal second quarter, driven by a focus on product offerings and brand positioning [7] - The introduction of new categories, such as lab-grown diamond fashion jewelry, which grew over 25% year over year, contributed significantly to this success [7] Engagement Sales & Bridal Segment Recovery - Engagement unit sales improved by approximately 400 basis points on a same-store sales basis in the fiscal second quarter, supported by increased customer engagement [8] - The bridal segment's recovery is crucial for the company's financial performance, as engagement-related purchases are a key revenue driver [8] Services Segment & Digital Sales Growth - The services segment revenue grew by 1 4% in the fiscal second quarter, driven by high-margin services like extended service agreements in the lab-grown diamond category [9] - Digital sales improved significantly due to new website features and better vendor communication systems, positioning the company for further success in the online market [9] Valuation & Investment Appeal - The stock is trading at a forward 12-month price-to-sales ratio of 0 65, below the industry average of 0 93, offering an attractive valuation for investors [10] - The company has a Value Score of A, further validating its investment appeal [10] Challenges in North America & International Segments - North American sales declined by 6 9% year over year to $1 4 billion in the fiscal second quarter, with a 3 7% drop in same-store sales despite a 1 6% rise in average transaction value (ATV) [12] - International sales fell by 15 2% to $86 5 million, with a 13 4% decline in ATV and a 1 7% drop in same-store sales, impacted by the sale of prestige watch stores and increased discounting [12] Financial Outlook & Economic Uncertainty - The company expects fiscal 2025 sales to range between $6 66 billion and $7 02 billion, down from $7 17 billion in fiscal 2024, with same-store sales projected to decline by up to 4 5% or increase by 0 5% [13] - For the fiscal third quarter of 2024, sales are forecasted to be between $1 35 billion and $1 38 billion, reflecting continued challenges in key segments like engagement units [13] Industry Comparison & Alternative Stocks - Nordstrom Inc (JWN) is a leading fashion specialty retailer with a Zacks Rank 1 (Strong Buy) and a projected fiscal 2024 sales growth of 0 6% [15][16] - Abercrombie & Fitch Co (ANF) is a specialty retailer with a Zacks Rank 1, projecting fiscal 2025 earnings and sales growth of 63 4% and 13 1%, respectively [16][17] - Steven Madden, Ltd (SHOO) carries a Zacks Rank 2 (Buy) and is expected to see 2024 earnings and sales growth of 6 9% and 12 6%, respectively [17][18]

On top of its earlier gains, the stock just jumped 11% on earnings. Signet Jewelers (SIG 4.84%) isn't a household name among investors or even shoppers, but you likely know some of its brands. The company is the world's largest diamond jewelry retailer and owns banners like Kay, Zales, Jared, and Blue Nile, among others. While the jewelry market has been volatile in recent years, swinging back and forth amid pandemic highs and lows, the stock has been a winner over the last five years, up more than 400% dur ...

Cropped portrait of an affectionate young couple taking selfies on the beach after their engagement getty Signet Jewelers just came off a disappointing second quarter with revenues down 7.6%, though it tracked a sequential improvement from the first quarter when revenues dipped 9.4% . Through Signet's first half of fiscal 2025 ended August 3, revenues were down 8.5% to $3 billion and adjusted EBITDA dropped to $218 million from $320 million same time last year. Yet, CEO Gina Drosos is confident the tide is ...

AzmanL/E+ via Getty Images Last month, I wrote an article praising Signet Jewelers Limited (NYSE: SIG) as a strong earner and market leader trading at a fairly low price. The stock has gone up quite a bit since I wrote that piece, and is going up again today on news of a strong earnings release for the second quarter. It beat estimates and importantly included full-year guidance, which was higher than the consensus estimates suggested. Today I want to revisit Signet Jewelers, following the new earnings anno ...

Signet Jewelers Limited (SIG) posted second-quarter fiscal 2025 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. However, both revenues and earnings declined year over year. Also, same-store sales fell 3.4% from the year-ago period. Same-store sales are being impacted by Digital Banners, resulting in a decline of approximately 150 basis points (bps). In the second quarter of fiscal 2025, Signet focused on several strategic initiatives. The company emphasized increasing its mercha ...

Key Takeaways Signet Jewelers exceeded earnings forecasts and gave an upbeat assessment about same-store sales. The jewelry store chain's same-store sales fell, but less than expected, and CEO Virginia Drosos said they were turning positive for the current quarter. The stock, which jumped Thursday, is still down in 2024. Signet Jewelers (SIG) shares jumped Thursday as the jewelry retailer beat profit forecasts and gave an upbeat assessment of same-store sales. The operator of Zales, Jared, and Kay Jewelers ...

Signet Jewelers Limited (NYSE:SIG) Q2 2025 Earnings Conference Call September 12, 2024 8:30 AM ET Company Participants Rob Ballew - SVP, IR Gina Drosos - CEO Joan Hilson - Chief Financial, Strategy and Services Officer Conference Call Participants Ike Boruchow - Wells Fargo Paul Lejuez - Citi Lorraine Hutchinson - Bank of America Jim Sanderson - Northcoast Research Mauricio Serna - UBS Dana Telsey - Telsey Group Operator Good morning, and welcome to the Signet Jewelers Second Quarter Fiscal 2025 Earnings Ca ...

Signet hopped over a low bar in its second-quarter earnings report. Shares of Signet Jewelers (SIG 14.46%) were shining bright today as the world's largest diamond jewelry retailer posted better-than-expected results in its second-quarter earnings report. As of 10:10 a.m. ET, the stock was up 15.1% on the news. Signet is turning around Signet has struggled for the last several quarters amid broader sluggishness in consumer spending and a delay in engagements. The company has also faced difficult comparisons ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended August 3, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission file number 1-32349 | --- | --- | --- | |----------------------------------------------------------------|-------------------- ...

Signet (SIG) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.62%. A quarter ago, it was expected that this jewelry company would post earnings of $0.82 per share when it actually produced earnings of $1.11, delivering a surprise of 35.37%. Over the last four quarters, the company h ...