Signet SSS tumbled 9.1% YoY
Fiscal 2024 guidance reflects confidence! Recently, Signet Jewelers announced its results for the 13 weeks and 52 weeks (Fiscal 2023) ended January 28, 2023. "Thank you to our team for their dedication, agility, and excellent execution. We delivered on our three key priorities of growing market share, achieving an annual double-digit non-GAAP operating margin, and leveraging capital allocation to drive shareholder returns despite headwinds and volatility throughout the year," said Signet Chief Executive Officer Virginia C. Drosos. " As we turn to FY24, we are confident in the sustainable competitive advantages we've built and our ability to leverage our enhanced infrastructure and scale to grow ahead of the jewelry industry. "Our Fiscal 2024 guidance reflects confidence in our ability to deliver an annual double-digit non-GAAP operating margin despite a jewelry retail environment that we estimate will decline mid-single digits through the year,"