Signet Jewelers Q4 Beats Market; Sees Q1 Sales In Line Or Above Street; Stock Up - Update

(RTTNews) - Signet Jewelers Limited (SIG), while reporting weak fourth-quarter profit but above market estimates, on Wednesday issued outlook, expecting first-quarter sales in line or above market estimates. The company also issued fiscal 2026 forecast expecting drop in same store sales, but better than last year.

In pre-market activity on the NYSE, Signet shares were gaining around 15 percent to trade at $55.58.

For the first quarter, the company projects total sales of $1.50 billion to $1.53 billion, with same store sales growth to be flat to up 2.0 percent.

The Wall Street analysts on average expect the company to report sales of $1.5 billion. Analysts' estimates typically exclude special items.

Adjusted operating income is expected in the range of $48 million to $60 million, and adjusted EBITDA in the range of $94 million to $106 million.

Further, for fiscal 2026, the company expects adjusted earnings per share of $7.31 to $9.10 and total sales between $6.53 billion to $6.80 billion.

Analysts expect earnings of $9 per share on sales of $6.74 billion.

Same store sales are expected to be in a range of down 2.5 percent to up 1.5 percent.

In fiscal 2025, adjusted earnings were $8.94 per share on sales of $6.7 billion, with same store sales decline of 3.4 percent.

Adjusted operating income is expected in the range of $420 million to $510 million, and adjusted EBITDA in the range of $605 million to $695 million.

In its fourth quarter, Signet Jewelers' net earnings totaled $100.6 million or $2.30 per share. This compares with $617.6 million, or $11.75 per share, last year.

Adjusted earnings were $6.62 per share for the period. Analysts had expected the company to earn $6.25 per share.

The company's revenue for the period fell 5.8 percent to $2.352 billion from $2.497 billion last year. The Street expected sales of $2.33 billion for the quarter.

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