Signet Jewelers reported a 3.1% decrease in sales to $1.35 billion for Q3 Fiscal 2025, compared to the same period in Fiscal 2024. The company's net income was $7 million, down from $11.7 million, with a gross margin of 36%. Same store sales decreased by 0.7%, while eCommerce sales fell by 3.9% to $289.2 million. Management attributed the sales decline to store closures, divestiture of the UK prestige watch business, and operational challenges at digital banners. Despite these challenges, there was growth in fashion assortments and services. The company is focusing on its Inspiring Brilliance strategy, aiming for sustainable growth and market share expansion. Looking ahead, Signet anticipates a 2-3% decrease in same store sales for Fiscal 2025. The company plans to leverage its strengths in fashion and services to drive holiday performance. Risks include geopolitical conflicts, inflation, and consumer spending patterns. Signet remains committed to strategic investments and cost-saving initiatives.

Signet Jewelers reported a 3.1% decrease in sales to $1.35 billion for Q3 Fiscal 2025, compared to the same period in Fiscal 2024. The company's net income was $7 million, down from $11.7 million, with a gross margin of 36%. Same store sales decreased by 0.7%, while eCommerce sales fell by 3.9% to $289.2 million. Management attributed the sales decline to store closures, divestiture of the UK prestige watch business, and operational challenges at digital banners. Despite these challenges, there was growth in fashion assortments and services. The company is focusing on its Inspiring Brilliance strategy, aiming for sustainable growth and market share expansion. Looking ahead, Signet anticipates a 2-3% decrease in same store sales for Fiscal 2025. The company plans to leverage its strengths in fashion and services to drive holiday performance. Risks include geopolitical conflicts, inflation, and consumer spending patterns. Signet remains committed to strategic investments and cost-saving initiatives.