Why Signet Jewelers Stock Shined Brightly Today

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. 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). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool