Signet Jewelers Stock Soars as Post-Holiday Sales, New Strategy Boost Results
1. Signet Jewelers reported strong Q4 earnings, exceeding analyst expectations. 2. Revenue declined 6% YoY, yet same-store sales outperformed forecasts. 3. Plans to transition over 10% of mall locations to off-mall by 2026. 4. CEO credits growth to key price points and bridal trends. 5. Shares surged over 20%, despite being down over 40% in the past year.