By Nate Wolf
Shares of Signet Jewelers rose slightly Thursday after the jewelry retailer reported better-than-expected holiday earnings but gave a weak outlook for the current fiscal year.
The company, which owns chains like Zales and Kay, posted adjusted earnings of $6.25 a share for its fiscal fourth quarter ended Jan. 31. Analysts had forecast adjusted earnings of $6.11. Sales totaled $2.35 billion, in line with Wall Street's call, though same-store sales declined 0.7% from a year ago.
Signet stock was up 0.3% in premarket trading Thursday. Shares have gained 40% over the last 12 months but have dropped 17% since Dec. 2, when the company issued a disappointing forecast for the holiday season.
The company's 2027 forecast is unlikely to excite investors, either. Signet expects adjusted per-share earnings of $8.80 to $10.74 and sales of $6.6 billion to $6.9 billion in fiscal 2027. Analysts had expected adjusted earnings of $10.59 a share and sales of $6.9 billion coming into Thursday's earnings report.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
March 19, 2026 07:25 ET (11:25 GMT)
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