Summary by Futu AI
On December 5, 2024, Signet Jewelers announced its Q3 Fiscal 2025 results, reporting sales of $1.3 billion, a 3.1% decrease YoY. Operating income was $9.2 million, down from $13.3 million in Q3 FY24. Diluted EPS rose to $0.12 from $0.07, including restructuring charges.Same store sales declined 0.7% YoY. The company redeemed preferred shares, impacting cash reserves, which fell to $157.7 million from $643.8 million in Q3 FY24. Signet repurchased $66.5 million in common shares during the quarter.Updated Fiscal 2025 guidance reflects integration challenges with Blue Nile and James Allen, and leadership transition costs. The company forecasts total sales of $6.74 billion to $6.81 billion, with adjusted operating income between $540 million and $570 million.