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Should Other Jewelers Be Wary of Signet’s Warning?

Signet Jewelers Ltd. (NYSE: SIG) shares were crushed on Thursday after the firm reported its holiday season sales. While these numbers were disappointing for Signet, it’s possible that they could be reflective of a bigger problem within the jewelry industry.

As a result of these lackluster sales, Signet revised its fourth-quarter guidance. The firm now expects to see EPS in the range of $ 3.77 to $ 3.92 and total sales between $ 2.14 billion and $ 2.16 billion, with same-store sales down to $ 1.6% to 2.5%. Consensus estimates calls for $ 4.43 in EPS and $ 2.2 billion in revenue for the fourth quarter.

Looking ahead to the 2019 full year, Signet expec…
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