The Latest Breaking News from Signet

Telsey Advisory Group analyst Dana Telsey has lowered the price target on Signet Jewelers Limited (NYSE: SIG) to $85 (35% upside) from $100, citing a challenging macro environment. Telsey maintained the Market Perform rating on the shares.

The Nasdaq composite has been wavering throughout the day and is currently down 0.9% on the day.

Signet Jewelers Ltd (NYSE:SIG) reported first-quarter FY23 sales growth of 8.9% year-on-year to $1.84 billion, beating the consensus of $1.80 billion. Same store sales increased 2.5% versus last year. North America segment raked in the major chunk of sales, amounting to $1.7 billion, a 5.4% increase Y/Y. Same-store sales for the segment decreased…

Signet Jewelers Limited (NYSE: SIG) shares are trading higher after the company reported better-than-expected first-quarter earnings per share and sales results. The company also reaffirmed its full-year 2023 earnings per share and sales guidance, which are above estimates.

Several big name brands including Tiffany, Pandora and Chopard announce a pause on buying raw materials of Russian origin amid war in Ukraine

Insiders say current sanctions do nothing to halt flow of Russian gems to the west because majority are exported rough and get reclassified in India

Signet Jewelers Ltd (NYSE:SIG) reported fourth-quarter FY22 sales growth of 28% year-on-year, to $2.81 billion, beating the consensus of $2.77 billion. Same-store sales grew 23.8% versus last year. Brick and mortar sales increased 34.6% to $2.3 billion, and eCommerce sales rose 8.7% to $556 million. North America segment raked in the major chunk…

Strong China demand and strong holiday sales set Matson stock and peers in motion.