Signet Jewelers tumbles on lowering annual profit forecast, Q3 results miss

Signet Jewelers

05/12/2024 12:22

** Shares of Signet Jewelers  SIG.N  down 12.5% at $86.35
premarket
    ** Company sees adjusted EPS of $9.62 to $10.08, down from
its prior forecast of $9.90 to $11.52
    ** Expects annual sales between $6.74 bln and $6.81 bln,
compared with prior expectations of $6.66 bln to $7.02 bln
    ** "Our updated Fiscal 2025 guidance reflects further
integration challenges in Blue Nile and James Allen, leadership
transition costs, and the accretive impact from the early
completion of preferred shares redemption," said CFO and COO
Joan Hilson
    ** SIG also misses Q3 sales and profit expectations
    ** Up to Wednesday's close, stock had fallen nearly 8% this
year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam))