Signet Jewelers Limited (SIG) announced its third-quarter profits, showing an increase from the previous year but falling short of Wall Street predictions.
The company reported a net profit of $5.40 million, or $0.12 per share, compared to $3.00 million, or $0.07 per share, in the same quarter the previous year.
When excluding certain items, Signet Jewelers' adjusted earnings for the quarter were $0.24 per share. Analysts, according to Thomson Reuters' data, had anticipated earnings of $0.33 per share, which typically omits special items.
The revenue for the quarter experienced a decline of 3.1%, dropping to $1.349 billion from the previous year's $1.392 billion.
Signet Jewelers Limited's quarterly performance summary (GAAP) is as follows:
- Earnings (Q3): Increased to $5.40 million from the previous year's $3.00 million.
- Earnings per Share (Q3): Rose to $0.12 from last year's $0.07.
- Revenue (Q3): Decreased to $1.349 billion from $1.392 billion the previous year.
**Guidance:**
- Revenue guidance for the next quarter is projected between $2.38 billion and $2.46 billion.
- For the full year, EPS is expected to range from $9.62 to $10.08, with anticipated revenue between $6.74 billion and $6.81 billion.
