earnings
confidence high
sentiment negative
materiality 0.75
Signet Q3 sales down 12% to $1.4B; GAAP EPS $0.07, adj. $0.24; reaffirms FY guidance
SIGNET JEWELERS LTD
2024-Q3 EPS reported
$3.39
revenue$4,673,500,000
- GAAP diluted EPS $0.07 vs $0.60 prior year; non-GAAP diluted EPS $0.24 vs $0.74.
- Same-store sales down 11.8%; total sales $1.4B, down 12.1% YoY (12.4% constant currency).
- Inventory down 14% YoY; cash $643.8M vs $327.3M; repurchased $35.1M shares in Q3.
- Reaffirmed FY2024 guidance excluding sale of 15 U.K. luxury watch stores.
- YTD cash used $205.3M includes ~$200M for legal settlement payments.