Signet Jewelers Struggles as Fiscal 2025 Guidance Falls Short of Expectations
Wednesday, 20 March 2024, 17:52
Waiting for Engagements to Bounce Back
In its fiscal Q4, same-store sales fell 9.6%, driving revenue 6.3% lower to $2.5 billion. Gross margin expanded 160 basis points due to improving merchandise margins.
Adjusted Operating Income and EPS
Operating income rose 1.2% to $409.7 million, with adjusted EPS reporting at $6.73, ahead of the previous year.
Guidance Disappoints
The company's guidance for fiscal 2025 fell short of expectations, anticipating weighted sales improvements towards the latter half of the year, causing concern among investors.
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