Signet Jewelers (NYSE:SIG) Q3 2026 Earnings Call December 02, 2025 08:30 AM ET Company ParticipantsRandy Konik - Managing DirectorJoan Hilson - COO and CFOLorraine Hutchinson - Managing DirectorMauricio Serna - Executive DirectorDana Telsey - CEO and Chief Research OfficerPaul Lejuez - Managing DirectorRob Ballew - Senior VP of Investor Relations and Capital MarketsJ.K. Symancyk - CEOJeff Lick - Managing DirectorConference Call ParticipantsJeff Lick - AnalystJim Sanderson - Managing Director and Research An ...

The jewelry retailer issues weaker-than-expected sales guidance for the holiday season. ...

Core Insights - Cooper Creek Partners Management reduced its position in Signet Jewelers by approximately 890,000 shares during the third quarter, bringing its holdings down to 858,680 shares valued at $82.4 million [2][7] - Despite the reduction in holdings, Signet Jewelers has shown signs of operational stabilization, with a solid second quarter performance and improved profitability [6][10] Company Overview - Signet Jewelers operates as a leading specialty retailer in the diamond jewelry segment, with a market capitalization of $4.1 billion and revenue of $6.8 billion over the trailing twelve months (TTM) [4][5] - The company emphasizes omnichannel retailing, leveraging both physical stores and digital platforms to reach a diverse customer base [5] Financial Performance - In the second quarter, Signet reported sales of $1.5 billion, reflecting a 3% year-over-year increase, with same-store sales rising by 2% [9] - The company achieved an operating income of $2.8 million for the quarter, a significant improvement from a loss of $100.9 million in the previous year [9] - Management raised fiscal year 2026 guidance, citing margin expansion and an improving tariff landscape [9] Market Position - As of the latest filing, Signet's share price was $100.16, remaining relatively flat over the past year, contrasting with the S&P 500's nearly 14% gain during the same period [3] - Cooper Creek's reduction in stake from 4.8% to 2.5% of reportable assets indicates a lighter risk posture, although the remaining equity stake still represents a meaningful investment [7]

天眼查App显示，近日，瑞丽市蓝迈珠宝店（个体工商户）成立，法定代表人为沈勇，注册资本2万人 民币，经营范围为一般项目：珠宝首饰零售；珠宝首饰批发；艺（美）术品、收藏品鉴定评估服务；互 联网销售（除销售需要许可的商品）；非金属矿及制品销售；金属矿石销售；销售代理；工艺美术品及 收藏品零售（象牙及其制品除外）；工艺美术品及收藏品批发（象牙及其制品除外）；工艺美术品及礼 仪用品销售（象牙及其制品除外）；艺术品代理；农副产品销售；初级农产品收购；水产品零售；水产 品批发；食用农产品批发；食用农产品零售；日用百货销售；谷物销售；豆及薯类销售；地产中草药 （不含中药饮片）购销；未经加工的坚果、干果销售；农产品的生产、销售、加工、运输、贮藏及其他 相关服务；新鲜水果批发；新鲜水果零售(除依法须经批准的项目外，凭营业执照依法自主开展经营活 动)。 ...

天眼查App显示，近日，瑞丽市西侑居珠宝行（个体工商户）成立，法定代表人为黎尧，注册资本2万 人民币，经营范围为一般项目：珠宝首饰零售；珠宝首饰批发；艺（美）术品、收藏品鉴定评估服务； 互联网销售（除销售需要许可的商品）；非金属矿及制品销售；金属矿石销售；工艺美术品及收藏品零 售（象牙及其制品除外）；工艺美术品及收藏品批发（象牙及其制品除外）；工艺美术品及礼仪用品销 售（象牙及其制品除外）；艺术品代理；销售代理；食品销售（仅销售预包装食品）；保健食品（预包 装）销售；农副产品销售；食用农产品批发；食用农产品零售；茶具销售(除依法须经批准的项目外， 凭营业执照依法自主开展经营活动)。 ...

天眼查App显示，近日，五华区铭珍珠宝店（个体工商户）成立，法定代表人为曾珍妹，注册资本2万 人民币，经营范围为一般项目：珠宝首饰零售；珠宝首饰批发；互联网销售（除销售需要许可的商 品）；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；信息咨询服务（不含许可类 信息咨询服务）；箱包销售；钟表销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。 ...

天眼查App显示，近日，西昌市拾叁南红珠宝店（个体工商户）成立，法定代表人为杨惠羽，注册资本 5万人民币，经营范围为一般项目：珠宝首饰零售；工艺美术品及礼仪用品销售（象牙及其制品除 外）；互联网销售（除销售需要许可的商品）；艺（美）术品、收藏品鉴定评估服务；美发饰品销售； 日用品销售；日用百货销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Company Overview - Tenzing Global Management initiated a new position in Signet Jewelers, acquiring 80,000 shares valued at approximately $7.67 million, representing 5.39% of the fund's reportable U.S. equity assets [5][6] - Signet Jewelers targets individual consumers seeking engagement, wedding, and gifting jewelry, focusing on the U.S., Canada, and U.K. markets [1] - The company operates over 2,800 stores and kiosks across North America and the U.K., leveraging a portfolio of well-known jewelry brands and an integrated omnichannel strategy [3] Financial Performance - As of November 14, 2025, Signet shares were priced at $101.01, reflecting a 5.22% increase over the past year, although underperforming the S&P 500 by 7.57 percentage points [4] - Over the past ten years, Signet's shares have declined by 12%, resulting in a compound annual growth rate (CAGR) of -1.3%, while the S&P 500 has generated a total return of 290% with a CAGR of 14.6% [7] Market Position and Challenges - Signet generates revenue primarily through the sale of fine jewelry, watches, and diamond services, facing increased competition from e-commerce platforms and the rise of lab-grown diamonds, which exert downward pressure on margins [2][8] - Despite these challenges, company insiders, including CEO James Symancyk, have been purchasing shares, indicating potential confidence in the company's future [8] Investment Sentiment - The recent institutional buy of Signet stock is viewed as a bullish signal, particularly in conjunction with insider purchases, although the company continues to face significant competition and historical underperformance [9]

天眼查App显示，近日，官渡区润荟可珠宝店（个体工商户）成立，法定代表人为田启航，注册资本1 万人民币，经营范围为一般项目：珠宝首饰零售；珠宝首饰批发；服装服饰零售；工艺美术品及收藏品 零售（象牙及其制品除外）；办公用品销售；乐器零售；鞋帽零售；日用百货销售；日用品销售；互联 网销售（除销售需要许可的商品）；日用杂品销售；自行车零配件销售；金属工具销售；厨具卫具及日 用杂品零售；汽车零配件零售；新鲜蔬菜零售（除依法须经批准的项目外，凭营业执照依法自主开展经 营活动）。 ...

Core Viewpoint - Lugano Holdings Inc., a high-end jewelry retailer, has filed for bankruptcy following allegations against its former CEO for embezzlement and misrepresentation of investment deals [1][2][3] Group 1: Bankruptcy Filing - The company filed for Chapter 11 bankruptcy protection in Delaware, listing at least $100 million in assets and over $500 million in liabilities [2] - The bankruptcy filing is part of a process to sell the business to Enhanced Retail Funding, pending approval from a bankruptcy judge and subject to better offers [2][8] Group 2: Allegations Against Former CEO - Former CEO Mordechai Haim Ferder is accused of stealing millions and misrepresenting financial transactions, leading to a civil lawsuit filed by Lugano [3][4] - The lawsuit claims Ferder forged invoices and misled stakeholders about the company's financial performance by disguising transactions as ordinary sales [5][6] Group 3: Financial Impact - Following the allegations, the company is revising its previously reported revenue of $470 million and operating income of $180 million for 2024 to reflect significantly lower actual figures [7] - Compass, which acquired a majority interest in Lugano in 2021 for $256 million, is providing $12 million in financing to support the bankruptcy process [4][8]