Signet Jewelers (SIG) shares plummeted 6.84% during Tuesday's intraday trading after the company issued a weaker-than-expected holiday sales forecast, overshadowing its third-quarter earnings beat.
The parent company of Kay, Zales, and Jared reported Q3 adjusted earnings of $0.63 per share (vs. $0.29 estimate) and revenue of $1.39 billion (vs. $1.37 billion estimate). However, its Q4 sales guidance of $2.24–$2.37 billion fell short of analysts’ $2.38 billion consensus, citing "external disruptions" and soft consumer confidence.
CEO J.K. Symancyk noted a "measured outlook" for the critical holiday quarter, with tariffs further pressuring margins. The guidance miss triggered investor concerns despite Signet’s four consecutive earnings beats this year.
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