Latest news with #SignetJewelersLtd
Yahoo
09-06-2025
- Business
- Yahoo
IFF Appoints Virginia "Gina" Drosos to Board of Directors
NEW YORK, June 09, 2025--(BUSINESS WIRE)--IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health and biosciences—today announced the appointment of Gina Drosos to its board of directors, effective June 16. Drosos brings more than 30 years of executive leadership experience across the retail, consumer goods, beauty and health care industries. "We are very pleased to welcome Gina to the IFF board," said Kevin O'Byrne, chair of the board. "Gina brings extensive relevant experience, deep consumer insights and a proven ability to drive innovation and lead with purpose, which aligns with our long-term strategy to deliver sustainable growth and value creation for all stakeholders." Drosos most recently served as chief executive officer and a director of Signet Jewelers Ltd. (NYSE: SIG)—the world's largest retailer of diamond jewelry—from August 2017 to November 2024. During her tenure, she led the company through a significant transformation, expanding its digital capabilities and enhancing customer experience. Gina also spent 25 years at Procter & Gamble (NYSE: PG)—most recently as group president of global beauty, skin, cosmetics and personal care—where she established herself as a transformative, purpose-led leader who drove game-changing innovation, built multi-billion-dollar brands and reinvented global categories. She currently serves as a director of Foot Locker Inc. and the United States Golf Association and previously served as a board member of American Financial Group, Inc., where she served on the audit and governance committees. "I'm honored to join the IFF board at such a pivotal time in the company's journey," said Drosos. "IFF's commitment to innovation, sustainability and purpose-driven growth deeply resonates with me. I look forward to contributing to the company's long-term strategy and helping shape its future as a global leader in food and beverage, home and personal care and health and wellness solutions." Cautionary Statement under the Private Securities Litigation Reform Act of 1995 This press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as ""plan", "expect," "anticipate," "intend," "believe," "seek," "see," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the timing or nature of the new facilities. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances. Welcome to IFF At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at LinkedIn, Instagram and Facebook. © 2025 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved. View source version on Contacts Media Relations:Paulina Investor Relations:Michael Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
IFF Appoints Virginia "Gina" Drosos to Board of Directors
NEW YORK, June 09, 2025--(BUSINESS WIRE)--IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health and biosciences—today announced the appointment of Gina Drosos to its board of directors, effective June 16. Drosos brings more than 30 years of executive leadership experience across the retail, consumer goods, beauty and health care industries. "We are very pleased to welcome Gina to the IFF board," said Kevin O'Byrne, chair of the board. "Gina brings extensive relevant experience, deep consumer insights and a proven ability to drive innovation and lead with purpose, which aligns with our long-term strategy to deliver sustainable growth and value creation for all stakeholders." Drosos most recently served as chief executive officer and a director of Signet Jewelers Ltd. (NYSE: SIG)—the world's largest retailer of diamond jewelry—from August 2017 to November 2024. During her tenure, she led the company through a significant transformation, expanding its digital capabilities and enhancing customer experience. Gina also spent 25 years at Procter & Gamble (NYSE: PG)—most recently as group president of global beauty, skin, cosmetics and personal care—where she established herself as a transformative, purpose-led leader who drove game-changing innovation, built multi-billion-dollar brands and reinvented global categories. She currently serves as a director of Foot Locker Inc. and the United States Golf Association and previously served as a board member of American Financial Group, Inc., where she served on the audit and governance committees. "I'm honored to join the IFF board at such a pivotal time in the company's journey," said Drosos. "IFF's commitment to innovation, sustainability and purpose-driven growth deeply resonates with me. I look forward to contributing to the company's long-term strategy and helping shape its future as a global leader in food and beverage, home and personal care and health and wellness solutions." Cautionary Statement under the Private Securities Litigation Reform Act of 1995 This press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as ""plan", "expect," "anticipate," "intend," "believe," "seek," "see," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the timing or nature of the new facilities. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances. Welcome to IFF At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at LinkedIn, Instagram and Facebook. © 2025 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved. View source version on Contacts Media Relations:Paulina Investor Relations:Michael Sign in to access your portfolio
Business Wire
09-06-2025
- Business
- Business Wire
IFF Appoints Virginia 'Gina' Drosos to Board of Directors
NEW YORK--(BUSINESS WIRE)-- IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health and biosciences—today announced the appointment of Gina Drosos to its board of directors, effective June 16. Drosos brings more than 30 years of executive leadership experience across the retail, consumer goods, beauty and health care industries. 'We are very pleased to welcome Gina to the IFF board,' said Kevin O'Byrne, chair of the board. 'Gina brings extensive relevant experience, deep consumer insights and a proven ability to drive innovation and lead with purpose, which aligns with our long-term strategy to deliver sustainable growth and value creation for all stakeholders.' Drosos most recently served as chief executive officer and a director of Signet Jewelers Ltd. (NYSE: SIG)—the world's largest retailer of diamond jewelry—from August 2017 to November 2024. During her tenure, she led the company through a significant transformation, expanding its digital capabilities and enhancing customer experience. Gina also spent 25 years at Procter & Gamble (NYSE: PG)—most recently as group president of global beauty, skin, cosmetics and personal care—where she established herself as a transformative, purpose-led leader who drove game-changing innovation, built multi-billion-dollar brands and reinvented global categories. She currently serves as a director of Foot Locker Inc. and the United States Golf Association and previously served as a board member of American Financial Group, Inc., where she served on the audit and governance committees. 'I'm honored to join the IFF board at such a pivotal time in the company's journey,' said Drosos. 'IFF's commitment to innovation, sustainability and purpose-driven growth deeply resonates with me. I look forward to contributing to the company's long-term strategy and helping shape its future as a global leader in food and beverage, home and personal care and health and wellness solutions.' Cautionary Statement under the Private Securities Litigation Reform Act of 1995 This press release contains 'forward-looking statements' within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as ''plan', 'expect,' 'anticipate,' 'intend,' 'believe,' 'seek,' 'see,' 'will,' 'would,' 'target,' similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the timing or nature of the new facilities. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances. Welcome to IFF At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at LinkedIn, Instagram and Facebook. © 2025 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.
Yahoo
04-06-2025
- 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
03-06-2025
- 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
