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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.
Signet
Signet
Signet Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com 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.
- The Company expects an approximately 1.5% to 2.0% negative impact to sales from integration issues with its Digital banners.
Revenue & Expenses
Visualization of income flow from segment revenue to net income