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May 04, 2024
Signet Q1 2025 Earnings Report
Signet achieved first quarter expectations with continued engagement recovery momentum.
Key Takeaways
Signet Jewelers reported Q1 Fiscal 2025 results with sales of $1.5 billion, a decrease of 9.4% compared to Q1 of FY24. Same store sales decreased by 8.9%. Adjusted diluted EPS was $1.11, compared to $1.78 in the prior year. The company reaffirms its full year guidance.
Sales of $1.5 billion, down 9.4% to Q1 of FY24.
Same store sales decreased 8.9% to Q1 of FY24.
Adjusted diluted EPS of $1.11, compared to $1.78 in Q1 of FY24.
Cash and cash equivalents of $729.3 million.
Revenue by Segment
Forward Guidance
Signet provided second quarter and full year Fiscal 2025 guidance on an adjusted basis.
Positive Outlook
- Total sales for Q2 are expected to be $1.46 billion to $1.52 billion.
- Same store sales for Q2 are expected to be (6)% to (2)%.
- Operating income for Q2 is expected to be $50 million to $75 million.
- Adjusted EBITDA for Q2 is expected to be $98 million to $123 million.
- Full year total sales are expected to be $6.66 billion to $7.02 billion.
Challenges Ahead
- Full year same store sales are expected to be (4.5)% to +0.5%.
- Full year operating income is expected to be $590 million to $675 million.
- Full year adjusted EBITDA is expected to be $780 million to $865 million.
- Full year diluted EPS is expected to be $9.90 to $11.52.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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