Signet Jewelers reports Q4 EPS $6.73, consensus $6.37

Reports Q4 revenue $2.49B, consensus $2.55B. Reports Q4 same store sales down 9.6%. “Thank you to our Signet team for once again delivering on our expectations and successfully navigating a challenging quarter and year for the industry. We drove gross margin expansion of 160 basis points and sustained average transaction value this quarter by executing on our strategy of building brand equity, customer experience innovation, and accelerated sell through on product newness as offsets to heavy discounting by competitors,” said Signet CEO Virginia Drosos. “As we look to Fiscal 2025, we are expecting sequential same store sales improvement over the year as engagements gradually recover. We believe we’re positioned to win new customers through our marketing personalization, growing consumer inspired product newness, and aggressive expansion of our service business.”