5 Stocks Making Noise After Releasing Their Financial Results

4. Signet Jewelers Limited (NYSE:SIG)

Number of Hedge Fund Holders: 34

Shares of Signet Jewelers Limited (NYSE:SIG) recently rose to a one-month high after delivering solid profit and sales for its fiscal fourth quarter. The world’s largest diamond jewelry retailer reported adjusted earnings of $5.01 per share, up from $4.15 per share in the year-ago period and in line with the consensus forecast.

In addition, Signet Jewelers Limited (NYSE:SIG) posted revenue of $2.81 billion, up 28 percent on a year-over-year basis and above expectations of $2.77 billion. If we look at the performance of its flagship segments, brick and mortar revenue climbed 34.6 percent to $2.3 billion, while e-commerce revenue increased 8.7 percent to $556.0 million in the quarter.

Looking forward, Signet Jewelers Limited (NYSE:SIG) guided for revenue in the range of $1.78 – $1.82 billion for its fiscal first quarter and between $8.03 – $8.25 billion for its fiscal year 2023.

Speaking on the results, CFO Joan Hilson said:

“Our Fiscal 2023 guidance reflects topline performance that we believe will outpace the market while also delivering a double-digit operating margin by leveraging sustainable advantages, notably fleet optimization, inventory efficiency and an enhanced labor model.”