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NEW YORK - Signet Jewelers Limited (NYSE:SIG) reported fourth quarter earnings that missed analyst estimates on Wednesday.
However, the company’s shares soared 13.87% in premarket trading following the release.
The world’s largest retailer of diamond jewelry posted adjusted earnings per share of $6.62 for the quarter ended February 1, 2025, slightly below the $6.67 expected by analysts. Revenue came in at $2.35 billion, just shy of the $2.36 billion consensus estimate.
While the results narrowly missed expectations, investors cheered Signet’s outlook and positive sales trends. The company said same store sales declined 1.1% in Q4, but noted that January saw positive comparable sales growth which has continued into the first quarter to date.
"I’d like to thank the team for their efforts in delivering a positive comp in January. This positive trend has continued into the first quarter to date with growth across all categories," said CEO J.K. Symancyk.
For fiscal 2026, Signet forecasts revenue between $6.53 billion and $6.8 billion, compared to analyst estimates of $6.74 billion. The company expects adjusted earnings per share in the range of $7.31 to $9.10, versus the $9.00 consensus.
Signet also announced a 10% increase to its quarterly dividend, raising it to $0.32 per share.
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