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Signet Shares Fall Despite Q3 Beat and Higher Full-Year Guidance
Financial Modeling Prep· 2025-12-02 22:41
Core Insights - Signet Jewelers reported stronger-than-expected third-quarter results, with adjusted earnings per share of $0.63, significantly above the analyst consensus of $0.24, and revenue of $1.4 billion, exceeding expectations of $1.36 billion and reflecting a 3.1% year-over-year increase [1][2] Financial Performance - Average unit retail prices increased by 7%, with bridal jewelry prices rising by 6% and fashion jewelry prices by 8%. Gross margin improved by 130 basis points to 37.3%, despite challenges from tariffs and high gold costs [2] Future Projections - For the fourth quarter, Signet projected revenue between $2.24 billion and $2.37 billion, with same-store sales expected to decline by 5% to increase by 0.5%. The company raised its full-year revenue and earnings guidance, now anticipating fiscal 2026 sales of $6.70 billion to $6.83 billion, same-store sales of -0.2% to +1.75%, and adjusted EPS between $8.43 and $9.59, an increase from the previous range of $8.04 to $9.57 [3]