Signet Q2 Earnings Top Estimates, Same-Store Sales Decline Y/Y

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 ...