Why Signet Jewelers Shares Are Plunging Today
Portfolio Pulse from Shivani Kumaresan
Signet Jewelers Ltd (NYSE:SIG) reported a Q1 FY24 sales decline of 9.3% YoY to $1.67 billion, beating analyst estimates. However, the company lowered its FY24 sales and adjusted EPS outlook, causing its shares to plunge.
June 08, 2023 | 1:26 pm
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Signet Jewelers reported a Q1 FY24 sales decline but beat estimates. The company lowered its FY24 sales and adjusted EPS outlook, causing its shares to plunge.
Signet Jewelers reported a decline in Q1 FY24 sales, but it beat analyst estimates. However, the company lowered its FY24 sales and adjusted EPS outlook, which is a negative signal for investors and could lead to a short-term decrease in the stock price.
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IMPORTANCE 100
RELEVANCE 100