Why Signet Jewelers Stock Dropped by 20% in December

Signet Jewelers (NYSE: SIG) stock wasn't exactly a jewel of an investment as 2024 bowed out. The specialty retailer's share price eroded by almost 20% in December, which, as it covers the holiday period, often proves to be a boon for the sector. But investors were discouraged by the company's latest set of quarterly earnings, and a subsequent price target cut from an analyst only highlighted the disappointment.Signet, a tightly focused conglomerate that owns the Zales, Kay, and Jared brands, unveiled its results at the beginning of December for the third quarter of fiscal 2025. Total sales came in at just under $1.35 billion, which was down by 3% from the same quarter of fiscal 2024. That was on the back of a 0.7% slump in same-store sales. As for profitability, on a non-GAAP (adjusted) basis the company's operating income fell more steeply, declining by 32% to just over $16 million. Adjusted earnings per share remained unchanged, at $0.24. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool