Why Signet Jewelers Stock Shined Brightly Today

Source The Motley Fool

Signet Jewelers (NYSE: SIG) stock exploded 22.2% higher through 10 a.m. ET after beating earnings forecasts Wednesday morning.

Heading into the report, analysts forecast that the retailer would earn $6.25 per share in its fiscal Q4 2025 on sales of just over $2.3 billion. (Note that the company's fiscal year is one year ahead of the calendar year). Signet's earnings, adjusted for one-time items, were $6.62 per share, and the company achieved $2.4 billion in sales.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Signet Jewelers' Q4 earnings

Not all the news was good. Although sales exceeded expectations, they still declined 5.8% year over year in Q4, and same-store sales declined 1.1%. The company recorded $4.58 per share in asset impairment charges, reducing its non-GAAP $6.62 per-share earnings to $2.30 per share, when calculated according to generally accepted accounting principles (GAAP).

For the full year, sales declined 6.5%, same-store sales declined 3.4%, and earnings were actually a loss at $0.81 per share.

Still, the quarterly results improved versus the company's full-year results. CEO J.K. Symancyk advised investors that same-store sales turned positive "in January" and "this positive trend has continued into the first quarter" of Signet's fiscal 2026.

What's next for Signet

Investors seem most optimistic about Symancyk's plans for the future. Expressing displeasure with both "our overall Q4 performance and lack of growth over the past several quarters," the CEO announced a new "Grow Brand Love" strategy to transform the business. This will encourage more customers to buy for themselves, for others, and especially buy more engagement and wedding rings (Bridal) from Signet.

The recent pickup in same-store sales may indicate the effort is taking root. Same-store sales may be 1.5% higher in fiscal 2026, sales may grow to $6.8 billion, and adjusted earnings may be as high as $9.10 per share.

However, there is potential bad news: Sales could fall as low as $6.5 billion, comps slip 2.5%, and earnings could be as little as $7.31 per share. Long story short, Signet's not out of the woods just yet. Today's buyers may be jumping the gun.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

  • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $299,339!*
  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $40,324!*
  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $501,530!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

Continue »

*Stock Advisor returns as of March 18, 2025

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
USD/CAD Price Forecast: Eyes fresh six-month highs near 1.4150 within overbought zoneThe technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
Author  FXStreet
8 hours ago
The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
placeholder
Dow Jones futures gain amid easing US-China tensions, Michigan Consumer Sentiment awaitedDow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
Author  FXStreet
8 hours ago
Dow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
placeholder
Gold draws support from safe-haven flows and Fed rate cut betsGold catches fresh bids on the last day of the week amid reviving safe-haven demand.
Author  FXStreet
11 hours ago
Gold catches fresh bids on the last day of the week amid reviving safe-haven demand.
placeholder
WTI Price Forecast: Trades with modest gains below $60.00; not out of the woods yetFrom a technical perspective, the black liquid has been trending lower along a downward-sloping channel since late October.
Author  FXStreet
12 hours ago
From a technical perspective, the black liquid has been trending lower along a downward-sloping channel since late October.
placeholder
GBP/USD edges lower to near 1.3100 on potential for further BoE rate cutsThe pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
Author  FXStreet
12 hours ago
The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
goTop
quote