Why Signet Jewelers Stock Was Falling Today

Shares of Signet Jewelers (SIG -10.62%) were losing their luster on Wednesday after the world's largest retailer of diamond jewelry posted solid results for its fiscal 2024 fourth quarter, but offered disappointing guidance for fiscal 2025.As of 1:21 p.m. ET, the stock was down by 10.8%. Waiting for engagements to bounce backIn its fiscal fourth quarter, which ended Feb. 3, same-store sales fell 9.6%, driving revenue down 6.3% to $2.5 billion. That missed the analysts' consensus of$2.55 billion. Despite th ...