Signet Jewelers Limited (SIG), while reporting weak fourth-quarter profit but above market estimates, on Wednesday issued outlook, expecting first-quarter sales in line or above market estimates. The company also issued fiscal 2026 forecast expecting drop in same store sales, but better than last year.
In pre-market activity on the NYSE, Signet shares were gaining around 15 percent to trade at $55.58.
For the first quarter, the company projects total sales of $1.50 billion to $1.53 billion, with same store sales growth to be flat to up 2.0 percent.
The Wall Street analysts on average expect the company to report sales of $1.5 billion. Analysts' estimates typically exclude special items.
Adjusted operating income is expected in the range of $48 million to $60 million, and adjusted EBITDA in the range of $94 million to $106 million.
Further, for fiscal 2026, the company expects adjusted earnings per share of $7.31 to $9.10 and total sales between $6.53 billion to $6.80 billion.
Analysts expect earnings of $9 per share on sales of $6.74 billion.
Same store sales are expected to be in a range of down 2.5 percent to up 1.5 percent.
In fiscal 2025, adjusted earnings were $8.94 per share on sales of $6.7 billion, with same store sales decline of 3.4 percent.
Adjusted operating income is expected in the range of $420 million to $510 million, and adjusted EBITDA in the range of $605 million to $695 million.
In its fourth quarter, Signet Jewelers' net earnings totaled $100.6 million or $2.30 per share. This compares with $617.6 million, or $11.75 per share, last year.
Adjusted earnings were $6.62 per share for the period. Analysts had expected the company to earn $6.25 per share.
The company's revenue for the period fell 5.8 percent to $2.352 billion from $2.497 billion last year. The Street expected sales of $2.33 billion for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.