By Kelly Cloonan
Signet Jewelers logged higher profit in its latest quarter and gave a soft outlook for the year ahead, factoring in a hit from the transition of its James Allen brand.
The company, which owns Kay and Zales, on Thursday posted a fiscal fourth-quarter profit of $250 million, or $6.08 a share, compared with $100.6 million, or $2.30 a share, a year earlier.
Adjusted earnings per share were $6.25, compared with estimates of $6.11 a share, according to analysts polled by FactSet.
Revenue was roughly flat at $2.35 billion, in line with analyst estimates.
Same-store sales fell 0.7%.
For the fiscal year, the company guided for adjusted earnings per share of $8.80 to $10.74 and sales of $6.6 billion to $6.9 billion. The midpoints of both forecasts came in below Wall Street's expectations, with analysts projecting adjusted earnings per share of $10.59 and sales of $6.9 billion.
The guidance assumes $60 million to $80 million in lost revenue related to the transition of the company's James Allen brand. The company said it plans to transition some of the brand's products to its Blue Nile website, and will sunset the brand's site over the fiscal second quarter.
The outlook also takes into account a dynamic tariff, commodity and consumer environment, the company said.
For the fiscal first quarter, the company expects sales of $1.53 billion to $1.57 billion, compared with analyst estimates of $1.56 billion.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
March 19, 2026 08:02 ET (12:02 GMT)
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