What factors drove the changes in Signet Jewelers's revenue and profit?

What does Signet Jewelers do and what are its main business segments?

What is the market's earnings forecast for Signet Jewelers next quarter?

What were the key takeaways from Signet Jewelers’s earnings call?

What is Signet Jewelers's gross profit margin?

What is Signet Jewelers's latest dividend and current dividend yield?

Did Signet Jewelers beat or miss consensus estimates last quarter?

What were the key takeaways from Signet Jewelers's earnings call?

- **Revenue Momentum**: 3Q comp +3%, core brands up 6%, offsetting James Allen drag.
- **Margin Expansion**: 80bps merchandise margin growth, 130bps gross margin expansion.
- **Holiday Confidence**: 5x-8x inventory in key price points, modernized marketing for 10-day pre-Christmas surge.
- **Risk Management**: Tariff mitigation via production repositioning, 70%+ streaming spend for efficient reach.

**【CEO Summary Section】**
- Delivered 3rd consecutive quarter of positive same-store sales growth (+3% YoY), with core brands (Kay, Zales, Jared) driving 6% comp growth.
- Expanded merchandise margin by 80bps in Q3, offsetting tariff and gold cost pressures, with Jared leading with 25% reduced discounting.
- Holiday positioning: 5x-8x inventory in sub-$1,000 LGD fashion vs. last year, modernized marketing (e.g., Jared's blockchain diamond campaign), and 70%+ spend on streaming platforms.

**【CFO Financial Commentary】**
- Q3 revenue: $1.4B, +3% comp; adjusted operating income: $32M, +2.5x YoY EPS growth.
- Gross margin expanded 130bps (80bps from merchandise, 30bps occupancy leverage, 20bps distribution efficiency).
- Free cash flow improved $100M QoQ; share buybacks: $180M (6% diluted shares outstanding).
- Q4 guidance: Same-store sales range +0.5% to -5%, adjusted operating income $277M-$327M.

**【Q&A Highlights】**
- **Tariff Mitigation**: Team repositioned 50%+ production outside India, reducing tariff impact by 80bps margin.
- **Promotional Strategy**: 70%+ spend on streaming, simplified promotions to avoid brand equity dilution.
- **Holiday Risk**: 5-week softness in lower-income consumer traffic, but 70% of Q4 remaining; 10-day pre-Christmas period critical for 25%+ sales.
- **Brands Performance**: James Allen underperforming (-120bps comp drag), but Kay/Zales/Jared driving 6% growth.
- **Inventory Management**: $2.1B inventory (-1% YoY despite 50%+ gold cost rise), 15% LGD fashion penetration vs. 7.5% YoY.

Signet Jewelers Limited(SIG)-20251202-2026 Q3 Earnings call transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

SIG

SIG fundamentals

You can ask Aime