Jewelry Stock Eyes Worst Day Since 2020 on Dismal Guidance
Signet(SIG) Schaeffers Investment Research·2025-01-14 23:15
Signet Jewelers Ltd (NYSE:SIG) slashed its sales and earnings outlook for the fourth quarter, citing a dismal holiday shopping season. Same-store sales saw a 2% year-over year drop for the quarter, as consumers turned to more affordable gifts and opted for lab-grown diamonds. SIG is down 18.6% to trade at $60.34 at last glance, trading at their lowest level since June and on track for its biggest single-day percentage drop since March 2020. The shares already carry a 36.8% year-over-year deficit, and are no ...