Signet Jewelers falls after Q2 sales forecast below estimates

Signet Jewelers

13/06/2024 18:10

** Shares of diamond jewelry retailer Signet Jewelers
 SIG.N  fall 13.2% to $94.16
    ** Co forecasts Q2 total sales below expectations
    ** SIG expects Q2 total sales of $1.46 bln to $1.52 bln vs
estimates of $1.53 bln - LSEG
    ** Q1 total sales of $1.51 bln in line with estimates, while
same-store sales fall 8.9%
    ** Co expects positive same-store sales inflection in H2 of
fiscal 25
    ** As of last close, stock up 1.1% YTD

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))