SIG Trims Q4 Forecast Amid Lower-Than-Expected Holiday Results

Signet Jewelers Limited (SIG) , the largest retailer of diamond jewelry globally, released its preliminary sales results for the 10 weeks ending Jan. 11, 2025, covering the holiday season. The company, which owns well-known brands like Jared, Zales and Kay Jewelers, experienced a decline in same-store sales during the holiday season. Softer-than-expected sales compelled management to trim its fourth-quarter fiscal 2025 view. As a result, shares of Signet nosedived 21.7% during the trading session yesterday. ...