Signet Jewelers Stock Sinks After Cut to Sales Forecast - Barron's
1. Signet lowered Q4 sales forecast due to weaker jewelry demand. 2. Same-store sales projected to decline by 2% to 2.5% this quarter. 3. Stock price fell 21%, marking significant decline since last March. 4. Concerns over value-oriented consumers impact performance expectations. 5. Leadership change occurred after CEO Virginia Drosos' retirement.