Signet Jewelers stock dips as FY27 guidance falls short of estimates

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Brent oil retreats below $115 after earlier spike to $119 on supply fears What happens next in Hormuz? ING outlines three scenarios European stocks lower amid central bank decisions, oil prices surge Gold prices pinned below $4,900/oz as rate uncertainty dulls safe haven appeal 55% Off - FLASH SALE (South Africa Philippines Nigeria) 55% Off - FLASH SALE Signet Jewelers stock dips as FY27 guidance falls short of estimates By Editor Rachael Rajan Earnings Editor Rachael Rajan Published 03/19/2026, 07:04 AM Signet Jewelers stock dips as FY27 guidance falls short of estimates 0 SIG -7.29% HAMILTON, Bermuda - Signet Jewelers Limited (NYSE:SIG) reported fourth quarter results that exceeded analyst expectations, but shares fell 2.25% as the company’s fiscal 2027 guidance came in below Wall Street estimates. The jewelry retailer posted adjusted earnings per share of $6.25 for the fourth quarter ended January 31, 2026, beating the analyst consensus of $5.93 by $0.32. Revenue reached $2.35 billion, slightly above the $2.34 billion estimate, though down 0.3% YoY. Same store sales declined 0.7% in the quarter. For the full fiscal year 2026, revenue grew 1.6% to $6.81 billion on a 1.3% same store sales increase. However, the company’s fiscal 2027 guidance disappointed investors. Signet forecast adjusted EPS of $8.80 to $10.74, with a midpoint of $9.77 that falls below the analyst consensus of $10.59. The company projected revenue of $6.6 billion to $6.9 billion, with the $6.75 billion midpoint at the low end of the $6.9 billion consensus estimate. "FY26 delivered over a point of comp growth driven by heightened focus on our three largest brands - Kay, Zales, and Jared," said J.K. Symancyk, Chief Executive Officer. "As we continue to advance our Grow Brand Love strategy into its second year, we expect to further strengthen our foundation for sustainable long-term growth and drive increased shareholder value." The fiscal 20...