Signet Jewelers Limited announced its third quarter Fiscal 2025 results on December 5, 2024, reporting total sales of $1,349.4 million, a 3.1% decrease year-over-year, missing analyst consensus of $1.37 billion. Same-store sales declined by 0.7%, although this represented a sequential improvement from the prior year's 11.8% decrease.
The company's GAAP operating income was $9.2 million, or 0.7% of sales, down from $13.3 million in the prior year. Adjusted diluted EPS was $0.24, flat compared to Q3 Fiscal 2024, but missed the analyst consensus estimate of $0.33. Gross margin remained flat at 36.0% of sales.
Signet also updated its full-year Fiscal 2025 guidance, lowering total sales to a range of $6.74 billion to $6.81 billion, down from the prior range of $6.66 billion to $7.02 billion. Adjusted diluted EPS guidance was also reduced to $9.62 to $10.08, from the previous $9.90 to $11.52. The company attributed these revisions to integration challenges with Blue Nile and James Allen, as well as leadership transition costs.
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