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Signet (SIG) Q1 Earnings Surpass Estimates, Sales Dip Y/Y
SIGSignet(SIG) ZACKS·2024-06-14 20:45

This Zacks Rank #4 (Sell) player's shares have lost 7.8% in the past three months compared with the industry's 7.3% decline. This jewelry retailer generated total sales of $1,510.8 million, surpassing the consensus estimate of $1,505 million. However, the top line fell 9.4% year over year. The metric declined 9.6% at constant currency. The adjusted merchandise margin increased 100 basis points, driven by growth in services and the introduction of new products, including the expansion of lab-grown diamonds i ...