Why Signet Jewelers Stock Plunged despite Its Q3 2019 Beat
On December 6, Signet Jewelers (SIG) reported better-than-expected fiscal 2019 third-quarter results for the period that ended on November 3. Jewelers are facing intense competition in the low-end diamond market, which is taking a toll on pricing and margins. Tiffany’s top line fell short of analysts’ estimate.