Signet Jewelers (NYSE:SIG) Full Year 2023 Results
Key Financial Results
Revenue: US$7.84b (flat on FY 2022).
Net income: US$342.2m (down 54% from FY 2022).
Profit margin: 4.4% (down from 9.4% in FY 2022).
EPS: US$7.34 (down from US$14.01 in FY 2022).
SIG Sales Performance
Like-for-like sales growth: Down 6.1% vs FY 2022.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Signet Jewelers EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.0%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in the US.
The company's shares are up 3.7% from a week ago.
Be aware that Signet Jewelers is showing 2 warning signs in our investment analysis that you should know about...
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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.
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