Signet Jewelers Full Year 2024 Earnings: EPS Beats Expectations
Signet Jewelers (NYSE:SIG) Full Year 2024 Results
Key Financial Results
Revenue: US$7.17b (down 8.6% from FY 2023).
Net income: US$775.9m (up 127% from FY 2023).
Profit margin: 11% (up from 4.4% in FY 2023). The increase in margin was driven by lower expenses.
EPS: US$17.28 (up from US$7.34 in FY 2023).
SIG Sales Performance
Like-for-like sales growth: Down 11.6% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Signet Jewelers EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 52%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 8.2% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Signet Jewelers that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
