Welcome to our dedicated page for Signet Jewelers news (Ticker: SIG), a resource for investors and traders seeking the latest updates and insights on Signet Jewelers stock.
Signet Jewelers (SIG), the world's largest specialty diamond jewelry retailer, provides essential updates through this centralized news hub. Track official press releases and market developments across SIG's North American and UK operations, including iconic brands like Kay Jewelers and H. Samuel.
This resource delivers timely updates on earnings reports, strategic acquisitions, leadership changes, and product innovations. Investors gain critical insights into SIG's omnichannel retail strategy while analysts monitor trends in bridal jewelry demand and luxury retail dynamics.
Content focuses on verifiable developments: quarterly financial results, partnership announcements, operational expansions, and sustainability initiatives. Regular updates ensure stakeholders stay informed about SIG's market position in competitive specialty retail.
Bookmark this page for efficient tracking of SIG's business trajectory. Combine periodic checks with SEC filings for comprehensive understanding of the company's performance in evolving jewelry markets.
Signet Jewelers (SIG), the world's largest diamond jewelry retailer, has achieved a record-breaking fundraising milestone of $10 million in FY2025 for St. Jude Children's Research Hospital, surpassing the previous year's record of $8.75 million. This achievement marks Signet's largest single-year fundraising total in their 26-year partnership.
Customer donations across Signet's brands, including Kay Jewelers, Zales, Jared, and Banter by Piercing Pagoda, grew by an average of 23% during FY25. The company recently announced a new $100 million commitment in October 2023, building upon their cumulative contribution of over $100 million to date.
Fundraising efforts include plush toy sales, customer donations, employee giving campaigns, and proceeds from select product lines. Signet's presence is prominent throughout the St. Jude campus, supporting various facilities including the Patient Registration Area, Solid Tumor Clinic, and Kay Research and Care Center.
Signet Jewelers (NYSE:SIG), the world's largest diamond jewelry retailer, reported Q4 Fiscal 2025 results with sales of $2.4 billion, down 5.8% year-over-year, and same-store sales declining 1.1%. The company saw positive sales trends in January that continued into Q1 FY26.
Q4 operating income was $152.6 million, significantly down from $416.3 million last year, impacted by $200.7 million in non-cash impairment charges mainly related to Digital brands. Adjusted diluted EPS was $6.62 compared to $6.73 in Q4 FY24.
The company announced a new 'Grow Brand Love' strategy and reorganization plan, aiming to enhance product assortment and centralize capabilities. Signet plans to transition over 10% of mall locations to off-mall and eCommerce channels over the next three years. The company generated over $400 million in free cash flow and returned approximately $1 billion to shareholders in FY25, reducing diluted share count by nearly 20%.
Signet Jewelers (NYSE: SIG) has announced it will release its fourth quarter fiscal 2025 results on Wednesday, March 19, 2025, at approximately 7:00 a.m. ET. The company will host a conference call and simultaneous audio webcast at 8:30 a.m. ET on the same day.
Interested parties can access the conference call via toll-free number for North America (+1 800 549 8228) or international line (+1 646 564 2877) using Conference ID 92183. A listen-only webcast will also be available through the company's website.
Signet Jewelers (NYSE:SIG) reported preliminary holiday sales results with approximately -2% same-store sales (SSS) for the ten weeks ended January 11, 2025. While engagement and service sales met expectations with increased Average Unit Retail (AUR) in both Bridal and Fashion segments, fashion gifting underperformed as consumers opted for lower price points.
The company has lowered its Q4 FY2025 guidance, now projecting total sales of $2.320-2.335 billion (down from $2.38-2.46 billion) and SSS between -2.5% to -2.0% (previously flat to 3%). Adjusted operating income guidance was reduced to $337-347 million from $397-427 million. Merchandise margin expanded but below expectations due to lower fashion mix and stronger response to promotional items.
CEO J.K. Symancyk emphasized opportunities to reshape customer-facing strategies in marketing, product design, and assortment innovation to drive sustainable organic growth.
Signet Jewelers (NYSE: SIG), the world's largest diamond jewelry retailer, has announced its participation in the 2025 ICR Conference. CEO J.K. Symancyk and CFO/COO Joan Hilson will engage in a fireside chat scheduled for Tuesday, January 14, 2025, at 2:30 p.m. Eastern Time.
The company will provide a live webcast of the discussion through their investor relations website at signetjewelers.com/investors. The recording will remain accessible for replay for a minimum of 30 days following the event, allowing stakeholders to review the discussion at their convenience.
Signet Jewelers reported Q3 Fiscal 2025 results with sales of $1.3 billion, down 3.1% year-over-year, and same-store sales declining 0.7%. Operating income decreased to $9.2 million from $13.3 million in Q3 FY24, while adjusted operating income fell to $16.2 million from $23.9 million.
The company maintained its merchandise margin despite competitive pressures, supported by new fashion merchandise and recovery in engagement sales. Adjusted diluted EPS remained flat at $0.24. The company fully redeemed its preferred shares and updated its FY2025 guidance, projecting total sales of $6.74-6.81 billion with same-store sales expected between -3% and -2%.
Cash position stood at $157.7 million, down from $643.8 million in Q3 FY24, reflecting approximately $1 billion in cash outlays for preferred shares redemption and note retirement.
Signet Jewelers (NYSE: SIG) has scheduled its fiscal 2025 third quarter earnings release for December 5, 2024 at approximately 7:00 a.m. ET. The company will host a conference call and simultaneous audio webcast at 8:30 a.m. ET on the same day. Investors can access the call via toll-free numbers for North America and international locations, or participate in a listen-only webcast through the company's website.
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.
