Signet Jewelers Q3 Earnings Report
Investing.com — Signet Jewelers (NYSE:SIG) experienced a decline of over 12% in premarket trading on Thursday following disappointing Q3 earnings and revenue figures.
The company's Q3 earnings per share (EPS) were $0.24, missing analysts' expectations of $0.31. Revenue totaled $1.3 billion, which fell short of the consensus forecast of $1.37 billion.
Adjusted operating income was reported at $16.2 million, below the estimated $19.9 million. Inventory levels at the end of the quarter stood at $2.14 billion.
Joan Hilson, Chief Financial and Operating Officer, stated, "The Signet team delivered Q3 results within our expectations, reflecting a nearly 3-point sequential improvement in same-store sales."
She added that new fashion merchandise, which has a higher transaction value, and a continued recovery in engagement helped maintain average transaction value and merchandise margin despite a competitive environment.
For the fourth quarter of fiscal 2025, Signet provided revenue guidance between $2.38 billion and $2.46 billion, which is slightly lower than the $2.445 billion projected by analysts.
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