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Shining Through Challenges: Signet Jewelers Reports Mixed Q1 Results, Optimistic Outlook

Signet Jewelers Ltd (NYSE:SIG) shares are ticking lower after the company reported its first-quarter FY25 earnings and outlook. The company reported a first-quarter FY25 sales decline of 9.5% year-on-year to $1.510 billion, missing the analyst consensus estimate of $1.514 billion. North America segment sales amounted to $1.42 billion, a 9% decrease Y/Y. Same-store sales for the segment decreased 9.2% versus last year. International segment same-store sales decreased 3.2%, and sales fell 17% Y/Y to $77.2 million. Gross margin of 37.9% stayed flat Y/Y. The operating income for the quarter was $49.8 million versus $101.7 million last year, with an operating margin of 3.3%, down from 6.1% last year. Adjusted ...