Latest news with #SignetJewelersLtd
Yahoo
5 days ago
- Business
- Yahoo
Signet Jewelers Ltd (SIG) Q1 2026 Earnings Call Highlights: Strong Growth in E-commerce and ...
Revenue: $1.5 billion for the quarter. Same-Store Sales Growth: 2.5% increase. E-commerce Sales Growth: Double-digit growth for Kay, Zales, and Jared. Merchandise Average Unit Retail (AUR): Increased approximately 8% overall; fashion up 10%, bridal up slightly. Gross Margin Expansion: 100 basis points increase from last year. Adjusted Operating Income: $70 million, up more than 20% from last year. Adjusted EPS: $1.18, above last year. Inventory: $2 billion, up approximately 1%. Cash Position: $264 million, with total liquidity of $1.4 billion. Share Repurchases: Approximately 2.3 million shares repurchased year-to-date. Store Closures: 14 stores closed in the quarter; plan to close just under 100 stores within the fiscal year. Guidance for Q2 Sales: $1.47 billion to $1.51 billion. Full-Year Sales Guidance: $6.57 billion to $6.8 billion. Capital Expenditures: Expected to be $145 million to $160 million. Warning! GuruFocus has detected 7 Warning Sign with DG. Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Signet Jewelers Ltd (NYSE:SIG) reported same-store sales and operating income growth above their guidance range for the first quarter. The company's 'Grow Brand Love' strategy is showing early signs of delivering long-term sustainable growth by aligning brands with customer expectations. Signet Jewelers Ltd (NYSE:SIG) achieved a more than 30% increase in impressions for its three largest brands with only a low single-digit increase in ad spend. The company reported a 60% increase in lab-grown diamond (LGD) fashion sales, contributing to an 8% increase in average unit retail (AUR) for fashion. Signet Jewelers Ltd (NYSE:SIG) expanded its gross margin by 100 basis points year-over-year, driven by refined promotional strategies and inventory management. James Allen, one of Signet Jewelers Ltd (NYSE:SIG)'s digital brands, created 140 basis points of pressure on comps due to lower brand awareness and positioning challenges. The company faces potential cost impacts and supply chain disruptions due to tariffs, particularly with imports from India and China. Signet Jewelers Ltd (NYSE:SIG) is closing up to 150 underperforming stores over the next two years, reflecting challenges in certain retail locations. The company anticipates slightly higher SG&A as a percentage of sales year-over-year, partly due to incentive compensation resets. Signet Jewelers Ltd (NYSE:SIG) is navigating a dynamic macroeconomic landscape, which includes potential consumer spending variability and tariff uncertainties. Q: Can you quantify the unmitigated tariff pressure and discuss the actions being taken to mitigate these pressures? Also, how are pricing trends in lab-grown and natural diamonds within the bridal and fashion categories? A: J.K. Symancyk, CEO, explained that the company is focusing on design and assortment architecture to maintain margin structure amidst tariff pressures. The tariffs primarily affect imports from India, and the company is leveraging its long lead times and strong inventory position to adjust assortments. Lab-grown diamonds (LGD) have seen continued deflation but are contributing to an increase in average unit retail (AUR) due to consumer trade-ups. Joan Hilson, CFO, added that the guidance includes the current impact of tariffs, with flexibility for unforeseen changes. Q: How is the performance of fashion compared to bridal, and have you seen an increase in new customers due to lab-grown diamonds? A: J.K. Symancyk, CEO, noted that while bridal trends are improving, fashion has shown sequential improvement, particularly in the sub-$500 price point. The introduction of new collections has helped drive positive same-store sales. Lab-grown diamonds have indeed attracted new customers, contributing to growth in both bridal and fashion categories. Q: What are you seeing in terms of consumer health across different brands, and how are you preparing for the upcoming holiday season amidst tariff concerns? A: J.K. Symancyk, CEO, stated that consumer resilience is evident, with AUR growth driven by aligning with consumer trends. For the holiday season, the company plans to focus on targeted marketing and reducing promotional noise, leveraging increased digital reach to expand their customer base. Q: Could you provide details on the penetration of lab-grown diamonds and the implications for your guidance? A: J.K. Symancyk, CEO, mentioned that lab-grown diamonds now represent about 20% of their business, up 5 points from last year. This growth is aligned with their strategic positioning and is expected to drive gross margin expansion. Joan Hilson, CFO, added that the current quarter's performance is near the high end of their guidance range, with flexibility built in for consumer variability. Q: How does the company view the risk of increased tariffs on lab-grown diamonds from India, and what is the outlook for the bridal category? A: J.K. Symancyk, CEO, emphasized that the company is actively managing tariff risks through a task force and leveraging its scale with partners. The lab-grown diamond category is less pressured due to controllable input costs. In the bridal category, unit growth has exceeded industry trends, supported by improved assortment architecture. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
Signet CFO Says Current Tariffs Factored Into Raised FY26 Guidance, Stock Soars
Signet Jewelers Ltd. (NYSE:SIG) shares are trading higher on Tuesday after the company reported stronger-than-expected first-quarter 2025 earnings. The company posted revenue of $1.54 billion, a 2% increase from the prior year, surpassing analysts' consensus estimate of $1.49 billion. Adjusted EPS of $1.18 beat the consensus estimate of $ sales climbed 2.5%, while merchandise average unit retail (AUR) rose about 8%. North American sales reached $1.45 billion, up 2.1% year over year, with same-store sales increasing 2.3%. International segment sales grew 3.8% to $80.1 million, alongside a 4.5% rise in same-store sales. Gross margin rose $26 million to $598.8 million, with the margin rate up 100 basis points to 38.8%, driven by merchandise margin gains and fixed-cost leverage. Operating income was $48.1 million, or 3.1% of sales, down from $49.8 million, or 3.3%, in Q1 of fiscal 2024. Adjusted operating income rose to $70.3 million, or 4.6% of sales, from $57.8 million, or 3.8%, a year earlier. Signet used $175.3 million in operating cash, up from $158.2 million the previous year. Cash and equivalents totaled $264.1 million at quarter-end, down from $729.3 million due to debt retirements and share buybacks. Inventory rose about 1% to $2 billion. SIG declared a 32-cent quarterly dividend for the second quarter, payable August 22 to shareholders of record July 25, with the ex-dividend date also on July 25. The company repurchased 2.1 million shares for $117.4 million in the quarter and bought an additional 235,000 shares for $15 million through June 2. Nearly $600 million remains available for share repurchases. 'We delivered positive same-store sales growth each month of the quarter, and into May, by bolstering our offerings at key price points and continuing the evolution of our assortment. Our three largest brands – Kay, Zales, and Jared – all saw sequential comp sales improvement from the fourth quarter on higher margins, highlighting the impact of our outsized focus on our larger brands,' stated J.K. Symancyk, Chief Executive Officer. 'Given our positive performance, we are increasing the low end and maintaining the high end of our Fiscal 2026 operating guidance. This outlook reflects the current macro environment and current tariffs as well as on track cost savings initiatives. Further, we are raising our adjusted EPS guidance to reflect the repurchase of more than 5% of outstanding shares year to date,' commented Joan Hilson, Chief Operating and Financial Officer. Signet raised its 2026 revenue guidance to a range of $6.57 billion to $6.80 billion, up from $6.53 billion to $6.80 billion, compared with the consensus estimate of $6.69 billion. The company increased its adjusted EPS forecast to $7.70 to $9.38, up from $7.31 to $9.10, versus the consensus of $8.45. It expects adjusted EBITDA between $615 million and $695 million, slightly higher than the prior range of $605 million to $695 million. For the second quarter, Signet projects revenue of $1.47 billion to $1.51 billion, above the $1.34 billion estimate, and adjusted EBITDA of $53 million to $73 million. Price Action: SIG shares are trading higher by 8.23% to $72.31 at last check Tuesday . Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? SIGNET JEWELERS (SIG): Free Stock Analysis Report This article Signet CFO Says Current Tariffs Factored Into Raised FY26 Guidance, Stock Soars originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
6 days ago
- Business
- Washington Post
Signet: Fiscal Q1 Earnings Snapshot
HAMILTON, Bermuda — HAMILTON, Bermuda — Signet Jewelers Ltd. (SIG) on Tuesday reported earnings of $33.5 million in its fiscal first quarter. The Hamilton, Bermuda-based company said it had profit of 78 cents per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share. The jewelry company posted revenue of $1.54 billion in the period. For the current quarter ending in July, Signet said it expects revenue in the range of $1.47 billion to $1.51 billion. The company expects full-year earnings in the range of $7.70 to $9.38 per share, with revenue ranging from $6.57 billion to $6.8 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SIG at
Yahoo
6 days ago
- Business
- Yahoo
Signet: Fiscal Q1 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Signet Jewelers Ltd. (SIG) on Tuesday reported earnings of $33.5 million in its fiscal first quarter. The Hamilton, Bermuda-based company said it had profit of 78 cents per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share. The jewelry company posted revenue of $1.54 billion in the period. For the current quarter ending in July, Signet said it expects revenue in the range of $1.47 billion to $1.51 billion. The company expects full-year earnings in the range of $7.70 to $9.38 per share, with revenue ranging from $6.57 billion to $6.8 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SIG at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-04-2025
- Automotive
- Yahoo
Jim Cramer Once Praised Signet (SIG) as a Turnaround – Now It's Down Nearly 50%
We recently published a list of . In this article, we are going to take a look at where Signet Jewelers Ltd. (NYSE:SIG) stands against other stocks that Jim Cramer discussed 1 year ago. On Tuesday, April 1 , the host of Mad Money opened the show by focusing on President Trump's tariffs and the economic risks ahead of 'Liberation Day'. While Cramer expressed sympathy for the President's goals, he warned viewers that the consequences could be severe for both consumers and the broader economy: 'Now as someone who's been a huge critic of unrestrained free trade, I am very sympathetic to what President Trump is trying to accomplish with these tariffs. Every other country on earth tries to protect its own domestic industries except America which has spent decades letting foreign competitors steamroll our guys in exchange for cheaper stuff. President Trump is justifiably furious about this he wants to do something about it but solving the problem is going to hurt. We don't know how much our prices will go up for just about everything, but we do know those tariffs will be used as an excuse to raise prices across the board. It's been very hard to get a sense of the overall damage.' READ ALSO: , and . But despite understanding the motivation behind the policy, Cramer was blunt about the scale of economic disruption that a proposed 20% tariff on all imports would cause: 'Speaking as someone who's not a fan of free trade I have to be honest here, a 20% across the board tariff on almost all imports that would be horrendous for the economy. That's a 20% increase on everything we buy from overseas and we import a huge amount of foreign goods in America, and those goods are cheap because that's the deal. There's plenty of competition from these companies but with the exception of the auto industry and those that contribute to it -mainly steel – it doesn't matter anymore. The truth is the jobs that are meant to be protected by tariffs were automated out of existence a long time ago.' Cramer mentioned that even the industries that stand to benefit in theory, like autos and steel, aren't necessarily helping the average American: 'The tariffs aren't protecting us from anything because we barely make anything anymore. The horses left the barn ages ago. Ford and GM will be able to make more money by raising prices but who does that help besides their shareholders and union members? What's good for General Motors is not necessarily good for America anymore. All people know is that cars will be more expensive; they don't care about who makes them.' He also criticized the administration's execution, calling out the lack of clarity and coordination behind the policy rollout and questioning whether any American companies will actually be spared from the impact: 'I wish the White House were more serious about making the tariffs work. Our country's been crushed by foreign imports that are typically made by cheap labor and often subsidized so they destroy our jobs. But the jobs are gone. We had almost a million seamstresses in this country four decades ago now we have almost none; they aren't bringing back those jobs. Sure, some companies thought they'd be buying immunity by building new factories here, but there's nothing on paper that suggests that the president will spare them. Is there really no sanctuary?' Wrapping up the opening segment, Cramer reminded viewers that while many Americans may support a 'tough-on-trade' agenda, their real fear is inflation; and it's inflation that the tariffs will likely exacerbate: 'Finally, most Americans are worried about inflation; not tariffs. That's what got Trump elected for heaven's sake. As much as I rail against the devil's bargain that gave our country the cheap stuff at the cost of domestic jobs, cheap stuff is what America wanted. […] Here's the bottom line when the book is written on this moment I think we'll question what we were liberated from on Liberation Day and again I think Trump is totally justified in cracking down on our trading partners but that doesn't mean it will be good for the economy.' For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during Mad Money episodes that aired 1 year ago between April 5 and April 12. We then calculated their performance for the past 12 months, until April 2nd, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey's Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them. Please note that this article mentions Jim Cramer's previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An elegant and modern jewelry store showcasing refined diamond Jewelers Ltd. (NYSE:SIG), the parent company of Kay, Zales, and Jared, was touted by Cramer last year as a turnaround story under CEO Gina Drosos. He admired the low valuation and improving fundamentals at the time. 'Under the leadership of CEO Gina Drosos, Signet has become a phenomenal turnaround story […] the stock trades at less than 10 times this year's earnings estimate. […] Signet looks real good right here right now.' But Signet has cratered 47.6% since that endorsement, with weakening jewelry demand and consumer caution slamming the stock. Although Jim Cramer remains a fan of the company's CEO, he admitted that the company has been failing, saying this on the 14th of January: '[on Signet dropping after holiday guidance]Yeah, look, I don't know, they lost Gina Drosos [laughs]. I think she was a remarkable CEO. And I think this is a very CEO-led company. This is not a given when it comes to jewellery.' Overall, SIG ranks 4th on our list of stocks that Jim Cramer discussed 1 year ago. While we acknowledge the potential of SIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SIG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
