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Stock impact report

Lab-Grown Diamond Jewelry Lifts Kay, Zales And Jared Sales By 6% [Forbes]

Signet Jewelers Limited Common Shares (SIG) 
Last signet jewelers limited common shares earnings: 3/26 06:50 am Check Earnings Report
Company Research Source: Forbes
are boosting average unit retail prices, especially in fashion jewelry, by encouraging customers to trade up to larger stones. This strategy transforms LGDs into a growth engine, positioning Signet for significant market share gains in the fashion jewelry market, despite a cautious early Q4. Signet Jewelers is entering its vital fourth quarter with spring in its step, as it modestly elevated year-end guidance to between $6.7 and $6.83 billion in sales and adjusted operating income from $465 to $515 million. Last year, net sales were $6.7 million and operating income was $498 million. Building Signet's confidence is strong 6% same-store sales growth in the third quarter for its three largest brands—Kay Jewelers, Zales, and Jared—and growing customer demand to trade up to fashion jewelry set with lab-grown diamond stones, replacing lower-priced, non-stone selections. With lab-grown diamonds and their attractive pricing relative to natural diamonds already commanding about 40% of S Show less Read more
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