Signet Jewelers reported a 3.1% decline in Q3 sales for Fiscal 2025, totaling $1.3 billion. Same-store sales dropped 0.7%, while operating income fell to $9.2 million from $13.3 million last year. Despite challenges in integrating Blue Nile and James Allen, the company saw a nearly 3-point improvement in same-store sales sequentially. Gross margin remained steady at 36%, and SG&A expenses slightly decreased to $469.6 million.
Signet's updated guidance for Fiscal 2025 includes projected total sales between $6.74 billion and $6.81 billion, with same-store sales expected to decline by 2-3%. The company also repurchased $66.5 million in shares and declared a quarterly dividend of $0.29 per share.
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