Signet Jewelers Limited - SIG STOCK NEWS

Signet Jewelers (NYSE:SIG) announced leadership changes effective November 4, 2024. CEO Virginia C. Drosos will retire after 12 years with the company, with J.K. Symancyk appointed as her successor. Joan Hilson's role will expand to Chief Financial and Operating Officer.

Under Drosos' leadership, Signet expanded market share by nearly 50%, grew e-commerce sales fourfold, and improved financial results significantly. The company reduced gross debt by over 90%, nearly doubled liquidity, and expanded adjusted operating margin by more than 70% over the last four years.

Symancyk brings over three decades of retail industry experience, with expertise in strategic growth and customer focus. The leadership transition is the result of a planned succession process by the Board of Directors.

Signet Jewelers (NYSE:SIG) reported Q2 fiscal 2025 results, with sales of $1.5 billion, down 7.6% year-over-year. Same store sales decreased 3.4%. The company reported an operating loss of $100.9 million, primarily due to $166 million in non-cash impairment charges. Adjusted operating income was $68.6 million. Diluted loss per share was $2.28, while adjusted diluted EPS was $1.25.

Despite challenges, Signet saw merchandise margin expansion of 120 basis points and an increase in average transaction value. The company reiterated its fiscal 2025 guidance, projecting total sales between $6.66 billion and $7.02 billion, with same store sales ranging from -4.5% to +0.5%. Signet also increased its cost savings target to $200 million for the year.

Signet Jewelers (NYSE: SIG), the world's largest diamond jewelry retailer, has announced its participation in CL King's 22nd Annual Best Ideas Conference on Monday, September 16, 2024. The company's CEO, Virginia C. Drosos, and CFO, Joan Hilson, will present at 2:00 PM Eastern Time.

A live webcast of the presentation will be accessible to investors, analysts, and other interested parties through the company's website at https://www.signetjewelers.com/investors. The webcast will remain available for replay for at least 30 days following the event, providing an opportunity for those unable to attend live to catch up on Signet's latest insights and strategies.

Signet Jewelers (NYSE: SIG) has announced the timing for its Fiscal 2025 Second Quarter Earnings Release and Conference Call. The company plans to release its second quarter results on Thursday, September 12, 2024, at approximately 7:00 a.m. ET. This will be followed by a conference call at 8:30 a.m. ET on the same day. Investors and interested parties can participate in the call via phone or listen to the simultaneous audio webcast available on the company's website.

For those wishing to join the call, toll-free access is available for North America, while a local Toronto number is provided for Canadian participants. A conference ID is required for access. Additionally, a registration link for the listen-only webcast has been provided for those preferring to tune in online.

GrafTech International (NYSE: EAF) has announced the appointment of Rory O'Donnell as its new Chief Financial Officer and Senior Vice President, effective September 3, 2024. O'Donnell will report directly to CEO Timothy Flanagan and oversee all financial aspects of the company. He brings extensive financial expertise from his previous roles, including serving as Senior VP, Controller, and Principal Accounting Officer at Covia , where he also held the position of Interim CFO. Prior experiences include senior positions at Signet Jewelers and Cleveland-Cliffs Inc. O'Donnell holds a B.S. in Accounting from the University of Dayton and is a licensed CPA in Ohio.

Signet Jewelers (SIG), the world's largest diamond jewelry retailer, has launched its annual holiday plush campaign to benefit St. Jude Children's Research Hospital. Starting today, KAY and Jared stores nationwide are offering Blake (bear) and Bentley (puppy) plush toys for $14.99 each, with at least $7 from each sale donated to St. Jude through February 1, 2025.

This initiative is part of Signet's 26-year partnership with St. Jude, which has raised over $100 million to date. In 2023, Signet raised a record $8.75 million for St. Jude, contributing to a new $100 million commitment announced in October 2023 to advance research and treatment for childhood cancer globally.

Signet Jewelers (NYSE: SIG) reported its first-quarter fiscal 2025 results, showing a decline in sales and earnings compared to the same period last year. Sales dropped by 9.4% to $1.5 billion, with same-store sales down 8.9%. Operating income fell to $49.8 million from $101.7 million, while adjusted operating income decreased to $57.8 million.

Despite these declines, the company experienced a recovery in North American engagement unit sales and growth in Fashion sales. Free cash flow improved, and the company repurchased $7.4 million in common shares. The company reaffirmed its full-year guidance, projecting sales between $6.66 billion and $7.02 billion, with adjusted diluted EPS between $9.90 and $11.52. A quarterly dividend of $0.29 per share was declared.

Signet Jewelers (NYSE: SIG) has announced the release date for its fiscal 2025 first quarter earnings report. The results will be released on June 13, 2024, at approximately 7:00 a.m. ET. An earnings conference call is scheduled for the same day at 8:30 a.m. ET. The call can be accessed toll-free in North America at (+1) 800 549 8228 or locally in Toronto at (+1) 289 819 1520 using Conference ID 59089. A simultaneous listen-only webcast will be available on the company's website. Registration for the webcast is open now.

Signet Jewelers raises a record-breaking $8.75 million for St. Jude Children's Research Hospital®, marking their largest single-year fundraising total. Signet has raised over $100 million for St. Jude in the past 25 years and has committed to raising an additional $100 million. The donation will support ongoing research, care, and survivorship programs for children with cancer and other life-threatening diseases.