What is the revenue and EPS growth rate for Signet Jewelers year over year?

What is Signet Jewelers's gross profit margin?

What guidance did Signet Jewelers's management provide for the next earnings period?

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

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

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

Did Signet Jewelers beat or miss consensus estimates last quarter?

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

- **3Q Growth Momentum**: 3rd straight quarter of +3% same-store sales, driven by bridal (+high single digits) and fashion (+10%) with lab-grown diamonds at 15% of fashion sales.
- **Margin Expansion**: 130bps gross margin improvement (80bps merch margin, 30bps occupancy leverage), offsetting tariffs and gold costs.
- **Holiday Readiness**: 5x inventory in sub-$1,000 LGD fashion, modernized marketing (e.g., Jared documentary), and 70%+ streaming ad spend.
- **Cautious Q4 Guidance**: -0.5% to -5% sales, reflecting consumer uncertainty, but 70% of quarter remaining with strong inventory positioning.
- **Tariff Mitigation**: Strategic sourcing and supplier collaboration offset 50bps margin headwinds; potential 2027 upside if India tariffs ease.

**【CEO Summary Section】**
- Delivered 3rd consecutive quarter of positive same-store sales growth (+3% YoY), with core brands (Kay, Zales, Jared) up 6% YoY.
- Bridal category growth driven by differentiated collections (e.g., Neil Lane, Vera Wang) and strategic pricing, while fashion category saw 10% comp growth led by Italia D'Oro and lab-grown diamonds (LGDs) at 15% of fashion sales (double YoY).
- Holiday positioning includes 50%+ increase in LGD fashion inventory under $1,000, modernized marketing (e.g., Jared's "Diamonds Are Born" documentary), and reduced promotion days to preserve brand equity.
- Merchandise margin expanded 80bps Q3, offsetting 50bps tariff/commodity headwinds, with Jared leading at 25% discounting reduction YoY.

**【CFO Financial Commentary】**
- Q3 revenue $1.4B, +3% YoY, with AUR up 7% (fashion +8%, bridal +6%).
- Gross margin expanded 130bps YoY (80bps from merch margin, 30bps occupancy leverage, 20bps distribution efficiency).
- Adjusted operating income $32M, +2.5x YoY, driven by sales growth and $100M+ free cash flow improvement.
- Q4 guidance: same-store sales -0.5% to -5%, adjusted OI $277M-$327M, reflecting cautious consumer outlook and 70% of quarter remaining.
- Full year OI raised to $465M-$515M, EPS $8.43-$9.59, with $545M remaining buyback authorization.

**【Q&A Key Highlights】**
- **Holiday Performance**: 70% of Q4 remaining, well-positioned with 5x inventory in key sub-$1,000 price points vs. last year; conversion rate improving sequentially.
- **Tariffs**: Mitigated India tariff impact via strategic sourcing, supplier collaboration, and U.S. production shifts; no immediate India tariff relief expected.
- **Pricing Strategy**: Balancing gold/commodity price pass-through with design-driven value in key categories (e.g., sub-$500 Kay collections).
- **Promotional Environment**: Cautious on discounts, focusing on 30% newness in assortment vs. 10% last year; 70%+ of marketing spend in streaming channels.
- **2027 Outlook**: Tariff normalization could unlock margin upside; focus on fashion category growth (currently 40% of bridal, 15% of fashion LGD penetration).

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