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HAMILTON, Bermuda - Signet Jewelers Limited (NYSE:SIG), the world’s largest retailer of diamond jewelry with $6.7 billion in annual revenue and a "GOOD" financial health rating according to InvestingPro, announced Thursday the appointment of three executives to key leadership positions.
Julie Yoakum has been named President of Kay Jewelers and Peoples Jewellers. Yoakum previously served as President and Chief Brand Merchant Officer at Helzberg Diamonds, where she led product development, sourcing, quality assurance, distribution and digital transformation.
Stacee Johnson-Williams, who most recently served as interim President of Kay Jewelers and Peoples Jewellers, has been appointed Chief Merchandise Operations and Sourcing Officer. In this role, she will lead the central sourcing and core merchandising team to expand cross-brand sourcing capabilities.
Lisa Laich joins as Chief Marketing Officer after overseeing digital and brand marketing for Crocs and HEYDUDE. With over two decades of experience in brand elevation, Laich will develop creative content and marketing strategies across Signet’s brands.
"Julie, Stacee and Lisa are experienced and highly accomplished industry leaders who believe in Signet’s purpose of Inspiring Love and will accelerate our Grow Brand Love strategy," said Signet Chief Executive Officer J.K. Symancyk in a press release statement. The company has shown strong momentum, with a 34.8% price return over the past six months, though it currently trades at a premium valuation with a P/E ratio of 90.4.
Signet operates approximately 2,600 stores primarily under brands including Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds Direct, Blue Nile, James Allen, Rocksbox, Peoples Jewellers, H. Samuel, and Ernest Jones. For detailed analysis and 14 additional exclusive ProTips about Signet’s performance and outlook, visit InvestingPro.
In other recent news, Signet Jewelers reported strong first-quarter results, with comparable sales rising by 2.5%, surpassing the consensus estimate of 1.1%. This positive performance was partly due to an 8% increase in average unit retail prices. In light of these results, Signet Jewelers adjusted the lower end of their fiscal year 2025 guidance, now expecting comparable sales to range from a decline of 2.0% to an increase of 1.5%. The company also raised its earnings per share guidance to between $7.70 and $9.38, up from a previous range of $7.31 to $9.10. Citi analysts reiterated their Buy rating on the stock, reflecting confidence in the company’s strategic direction. Additionally, UBS raised its price target for Signet Jewelers to $95, while Citi increased its target to $100, both maintaining Buy ratings. Jefferies also initiated coverage with a Buy rating and a $102 price target, citing the company’s transformation strategy. Furthermore, at the company’s annual general meeting, shareholders elected all eleven nominees to the board of directors.
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