By Nate Wolf
Shares of Signet Jewelers fell Tuesday after the parent company of retailers like Kay, Zales, and Jared beat quarterly earnings expectations but projected a difficult holiday season.
Signet posted adjusted earnings of 63 cents a share for its fiscal third quarter, ahead of analysts' consensus estimates of 29 cents. Sales totaled $1.39 billion, above Wall Street's call for $1.37 billion. Same-store sales jumped 3% from a year earlier.
But the company expects sales between $2.24 billion and $2.37 billion for the fiscal fourth quarter, which encompasses November, December, and January -- hot months for holiday shopping and the buildup to Valentine's Day. That range fell short of analysts' consensus projection of $2.38 billion.
Signet stock was down 4.4% to $91.45 in premarket trading Tuesday. Shares had climbed 19% this year as of Monday's close, buoyed by three -- now four -- consecutive earnings beats.
CEO J.K. Symancyk said in a statement that the company had a "measured outlook for the fourth quarter given external disruptions since late October and potential continued softness in consumer confidence."
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
December 02, 2025 07:36 ET (12:36 GMT)
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