Signet Jewelers Sees Q1 Revenue Of $1.47B - $1.53B Vs. $1.53 Est; Same Store Sales Of (11%) - (7%)
Portfolio Pulse from Benzinga Newsdesk
Signet Jewelers forecasts Q1 revenue to be between $1.47B and $1.53B, which is at the lower end of the $1.53B estimate. The company also expects same store sales to decrease by 11% to 7%.
March 20, 2024 | 10:54 am
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Signet Jewelers forecasts lower-than-expected Q1 revenue and a significant drop in same store sales.
The forecasted revenue being at the lower end of the estimate and the expected decrease in same store sales indicate potential challenges for Signet Jewelers. This could lead to negative investor sentiment and a possible decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100