15 Jan 2025

Signet (SIG): Growth in Storewide Discounts Uncovers Inflection

 Signet released a disappointing holiday update reducing key metrics consistent with our promotional ensemble

> Revised Q4 outlook indicates an infection as SSS forecast negative and nearly $100 million slashed from revenue outlook.
>Our ensemble detected growth in storewide  promotional discounts and “everything” in September.
>Sine added to our negative/slowing list Signet shares have declined 45% .