Signet Jewelers Stock Nosedives Due to Weak 4Q18 Results
Signet Jewelers (SIG) reported better-than-expected fiscal 4Q18 results on March 14. On a comparable basis—excluding the impact of one extra week and increased sales from the R2Net acquisition—Signet’s top line declined and was lower than analysts’ estimate. Lower transactions due to credit portfolio outsourcing and increased sales of low-margin products continue to hurt Signet’s margins.