Signet Jewelers down after quarterly comparable sales forecast below estimates

Shares of diamond retailer Signet Jewelers SIG.N fall as much as 7.8% to $88.20 in early trading

Co forecasts Q4 same store sales in the range of a fall of 5% to a rise of 0.5%, the mid-point of which is below analyst estimates of a 0.78% rise - data compiled by LSEG

Expects annual sales forecast in the range of $6.70 to $6.83 billion compared to previous projection of $6.67 to $6.82 billion

Says FY26 outlook includes tariff impacts on holiday receipts

"With one month of the fourth quarter on the books, including Thanksgiving, concerns remain over the macro-consumer environment in this discretionary category, its impact on SIG’s mass consumer ahead of the holiday season, and exposure to India tariff situation," says analyst Dana Telsey from Telsey Advisory Group

Q3 adjusted EPS of 63 cents beats estimates of 29 cents

Posts Q3 revenue of $1.39 billion beats estimates of $1.37 billion

As of last close, stock up 18.6% YTD