Latest news with #SIG
Yahoo
5 days ago
- Business
- Yahoo
Will Signet Jewelers' Brand Differentiation Fuel Long-Term Growth?
Signet Jewelers Limited SIG began fiscal 2026 with strong momentum, with first-quarter revenues of $1.54 billion and year-over-year same-store sales growth of 2.5%, led by its 'Grow Brand Love' strategy. This approach focuses on differentiating its core brands — Kay, Zales and Jared — through targeted assortments, experiences and marketing. Together, these three brands achieved 4% comps growth, contributing significantly to the overall performance. Kay reinforced its identity as a romantic gifting destination while introducing the latest fashion collections and reducing reliance on promotions, which improved unit sales and targeted self-purchasing consumers with its 'Own It' campaign and launched affordable, stackable collections like Stellar Allure and Whimly. It also embraced modern marketing through mobile gaming and interactive platforms. Jared emphasized aspirational luxury, expanding high-end collections like Unspoken and Shy, while cutting discounting by more than 20%, attracting more premium digital brands reported mixed results. Blue Nile rebounded after technical fixes, while James Allen continued to underperform due to low awareness. The company is actively addressing this with stronger marketing and more ready-to-ship inventory. Lab-grown diamonds (LGD) emerged as a major growth driver, now representing 20% of overall sales, with LGD penetration in bridal reaching the mid-30% jewelry, particularly under $500, saw strong improvement due to assortment enhancements. Kay, Zales, and Jared also posted double-digit e-commerce gains, reflecting effective integration of digital and in-store strategies. With a disciplined approach to promotions, product innovation and brand clarity, Signet is positioned to navigate economic headwinds and sustain growth across natural and lab-grown categories. SIG's Price Performance, Valuation & Estimates The SIG stock has risen 41.8% over the past three months compared with the industry's growth of 39.6%. Image Source: Zacks Investment Research Signet's forward 12-month price-to-sales ratio of 0.48 reflects a lower valuation compared with the industry's average of 0.79X. SIG carries a Value Score of A. Image Source: Zacks Investment Research The Zacks Consensus Estimate for SIG's fiscal 2025 earnings implies a year-over-year rise of 2% and the same for fiscal 2026 indicates growth of 11.2%. Estimates for fiscal 2026 and 2027 have been raised 13 cents and reduced 19 cents, respectively, in the past 30 days. Image Source: Zacks Investment Research Signet currently carries a Zacks Rank #2 (Buy). Stocks to Consider Some better-ranked stocks in the retail space are Canada Goose GOOS, Stitch Fix SFIX and Boot Barn Holdings, Inc. Goose is a global outerwear brand. GOOS is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. It flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Canada Goose's current fiscal year's earnings and sales indicates growth of 10% and 2.9%, respectively, from the year-ago actuals. Canada Goose delivered a trailing four-quarter average earnings surprise of 57.2%.Stitch Fix delivers customized shipments of apparel, shoes and accessories for women, men and kids. It currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for Stitch Fix's current fiscal year's earnings implies growth of 71.7% from the year-ago actual. SFIX delivered a trailing four-quarter average earnings surprise of 51.4%.Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It presently has a Zacks Rank of Zacks Consensus Estimate for Boot Barn's current fiscal-year earnings and sales indicates growth of 7.6% and 11.8%, respectively, from the year-ago actuals. BOOT delivered a trailing four-quarter average earnings surprise of 3.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Signet Jewelers Limited (SIG) : Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
14-07-2025
- Business
- Yahoo
SIG launches aseptic carton packs without aluminium layer
SIG has introduced one-litre aseptic carton packs made from Terra Alu-free + Full barrier material without an aluminium layer. This move aims to reduce the environmental impact compared to standard SIG cartons. After success with single-serve cartons, SIG is now applying its aluminium-free material to the juice category and multi-serve formats. In parts of Germany, retailer Aldi will use this packaging for its Rio d'oro grape juice, which lowers the carbon footprint of standard multi-serve cartons by 29%. The cartons are filled by Quargentan, an Italian food and beverage producer, using its existing SIG Midi 12 Aseptic filling machine. The new material reportedly matches the protective qualities and 12-month shelf life of standard SIG aseptic cartons. Available worldwide, the packaging material works with existing SIG filling lines, capable of producing up to 24,000 small cartons or 15,000 multi-serve cartons per hour. Minimal changes to filling machines are needed, allowing manufacturers to switch easily between aluminium-free and standard materials. By eliminating the aluminium layer typically used in cartons for products such as plant-based drinks, juice, or flavoured milk, the material uses over 80% paper and a thin polymer coating to shield against oxygen, light, moisture, and loss of aroma. This reduces the number of raw materials used from three to two and, when paired with wood-based polymers, can decrease the carbon footprint of multi-serve SIG cartons by up to 61%. SIG Europe president and general manager José Matthijsse said: 'At SIG, one of our goals is to increase the paper content in our aseptic cartons to at least 90% -including the closure - by 2030, allowing further reduction of carbon emissions, and creating a regenerative food packaging system. 'On the way there, we have developed this packaging structure that is made of more than 80% paper and reduces the number of raw materials from three to two. 'This breakthrough innovation has the potential to streamline the recycling process for aseptic cartons, only requiring the separation of paperboard and polymers.' Earlier this month, SIG unveiled its plans to expand its advanced aseptic carton production facility in Querétaro, Mexico. "SIG launches aseptic carton packs without aluminium layer" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
India Gazette
10-06-2025
- Business
- India Gazette
Swiss packaging firm SIG commits to invest Euro 100 million more in India
Bern [Switzerland], June 10 (ANI): SIG Group, the Swiss packaging solutions provider with over 170 years of heritage, announced plans to invest an additional Euro 100 million in India, building on its existing Euro 200 million commitment as the company capitalises on the country's growing consumer market and government support for foreign investment. Talking exclusively to ANI, Samuel Sigrist, CEO of SIG Group, made the announcement during Commerce and Industry Minister Piyush Goyal's visit to Switzerland, praising the Indian government's commitment to supporting foreign direct investment and outlining ambitious expansion plans for the world's most populous nation. 'I had a very positive meeting,' Sigrist said, referring to his discussions with Minister Goyal. 'I am impressed by the level of detail the minister is involved in and his commitment to support Foreign Direct Investment in India. We are very pleased with the administration and the support we get.' The CEO's comments underscore the growing confidence international companies have in India's business environment under the current administration's investment-friendly policies. SIG's success in India is built on partnerships with some of the country's most recognizable consumer brands. The company's packaging solutions are prominently featured on household names, including Frooti, Maaza, and various Amul products, demonstrating its deep integration into India's consumer goods ecosystem. 'We are partnering in India with big names. Those are really household brands,' Sigrist explained. 'You will find our packaging on brands like Frooti, Maaza... You will also find a lot of different products from have already committed to the next phase of our plant. We invested already EUR200 million and have committed now another EUR100 million to keep expanding in India.' The company's extensive client roster also includes major players such as Coca-Cola, Dabur, PepsiCo (Varun Beverages), Heritage dairy, MilkyMist, Haldirams, Hamdard, Godrej Jersey, and ITC, positioning SIG as a critical supplier to India's food and beverage industry. SIG has established a comprehensive manufacturing footprint across India with facilities strategically located in key industrial hubs. The company operates two offices in Gurgaon and Mumbai, supported by four production facilities manufacturing various packaging solutions. The company's manufacturing infrastructure includes two flexible packaging plants in Palghar, Maharashtra, a filling line manufacturing facility in Chakan, Pune, and its flagship aseptic carton packaging plant in Ahmedabad, Gujarat. This network has created over 300 direct employment opportunities across the country over the past decade. SIG's Ahmedabad facility represents a significant milestone in the company's Indian operations. After signing an MOU with the Gujarat government in September 2023, the company completed construction of its first aseptic carton plant in India in just 20 months, with commercial production beginning in Q1 2025. The facility, built with an initial investment of approximately Euro 90 million (Rs 880 crores), reflects SIG's commitment to the Make-in-India initiative. The investment is planned in phases from 2023-2027, initially targeting production capacity of up to 4 billion packs per annum, with subsequent investments expected to increase capacity to 10 billion packs annually. SIG's technology is playing a crucial role in modernizing India's dairy industry, which is undergoing significant transformation. The company's aseptic packaging technology offers preservative-free, shelf-stable solutions that require no refrigeration, making them ideal for India's diverse geography and infrastructure challenges. This technology ensures food safety, extends shelf life, and significantly reduces food waste, particularly beneficial in high-temperature and remote regions. Recent innovations include MilkyMist's probiotic buttermilk launch, which brings advanced nutrition in a shelf-stable format to mass markets. The company is actively collaborating with the National Dairy Development Board (NDDB), leading dairy cooperatives, and private dairies to create an ecosystem positioning India as the global dairy capital while supporting farmers, consumers, and national food security goals. Founded in 1853 and headquartered in Neuhausen, Switzerland, SIG has established itself as a global leader in sustainable packaging solutions for liquid food and beverages. The company serves customers in over 100 countries through its workforce of approximately 9,600 employees worldwide. In 2024, SIG produced 57 billion packs and generated Euro 3.3 billion in revenue. The company's commitment to sustainability is recognized through its AAA ESG rating by MSCI, Platinum CSR rating by EcoVadis, and inclusion in the FTSE4Good Index. SIG's unique portfolio includes aseptic carton, bag-in-box, and spouted pouch solutions, enabling the company to provide end-to-end solutions for differentiated products, smarter factories, and connected packaging. The company's technology and innovation capabilities address evolving consumer needs while supporting its mission to create a regenerative food packaging system. With its additional Euro 100 million commitment, SIG's total investment in India will exceed Euro 300 million, reflecting the company's long-term confidence in the Indian market. This expansion aligns with India's growing consumer base of 1.4 billion people and the country's increasing focus on food safety, sustainability, and modern packaging solutions. The investment announcement comes as international companies increasingly view India as a critical growth market, supported by favorable government policies, a large consumer base, and improving infrastructure. SIG's success story demonstrates how foreign companies can build substantial operations in India while contributing to local employment, technology transfer, and industrial development. (ANI)
Yahoo
04-06-2025
- Business
- Yahoo
Signet Q1 Earnings Beat, Same-Store Sales Up Y/Y, FY26 View Raised
Signet Jewelers Limited SIG posted impressive first-quarter fiscal 2026 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Also, both revenues and earnings increased year over year. Same-store sales increased 2.5% from the year-ago period. Driven by the fiscal first-quarter results, Signet has raised its fiscal 2026 outlook. In response to these factors, shares of the company gained 12.5% yesterday. SIG reported adjusted earnings of $1.18 per share, surpassing the Zacks Consensus Estimate of $1.01. Also, the bottom line increased 6.3% from adjusted earnings of $1.11 per share in the year-ago period. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)This jewelry retailer generated total sales of $1,541.6 million, beating the consensus estimate of $1,516 million. Also, the top line increased 2% year over year. The metric also increased 2% at constant currency. Merchandise average unit retail (AUR) rose approximately 8% year over year. Signet Jewelers Limited price-consensus-eps-surprise-chart | Signet Jewelers Limited Quote The gross profit in the fiscal first quarter amounted to $598.8 million, up 4.6% from $572.4 million in the year-ago quarter. The gross margin increased 100 basis points (bps) year over year to 38.8% in the quarter under review, primarily due to higher merchandise margins and better leverage of fixed general and administrative (SG&A) expenses were $526 million, up 2.1% from the prior-year quarter. Meanwhile, SG&A expenses, as a percentage of sales, were 34.1%, which remained flat year over year. SIG reported adjusted operating income of $70.3 million, up 21.6% from $57.8 million in the year-ago quarter. We note that the adjusted operating margin increased 80 bps to 4.6%. Sales in the North American segment increased 2.1% year over year to $1.45 billion, which beat the Zacks Consensus Estimate of $1.43 billion. Same-store sales increased 2.3% year over in the International segment increased 3.8% year over year to $80.1 million, surpassing the consensus estimate of $75.9 million. Same-store sales jumped 4.5% year over year. Sales increased 1.5% on a constant-currency basis. SIG Stock Past Three-Month Performance Image Source: Zacks Investment Research As of May 3, 2025, the North American segment had 2,371 stores, a decrease from 2,379 in February 2025 due to five openings and 13 closures. The International segment had 262 stores, down from 263 after one closure and no openings. Overall, Signet had 2,633 stores, down from 2,642, following five openings and 14 closures. SIG ended the fiscal first quarter with cash and cash equivalents of $264.1 million and inventories of $2.01 billion. Total shareholders' equity was $1.78 billion at the end of the fiscal first of May 3, 2025, net cash used was $175.3 million in operating the first quarter, Signet repurchased approximately 2.1 million common shares for $117.4 million. Following the quarter's end, the company repurchased an additional 235 thousand shares for $15 million through June 2, 2025. Nearly $600 million remains available under the current share repurchase authorization. For the second quarter of fiscal 2026, Signet expects total sales to be in the range of $1.47-$1.51 billion. Same-store sales are projected to be between a decline of 1.5% and an increase of 1% year over year. The company expects the gross margin rate to be flat to up modestly, driven by continued merchandise margin expansion and modest deleverage in SG&A operating income is anticipated to be between $53 million and $73 million, while adjusted EBITDA is expected in the range of $99-$119 million. Signet has updated its fiscal 2026 guidance. Total sales are now expected in the range of $6.57-$6.80 billion, up from the previous range of $6.53-$6.80 billion. Same-store sales are projected between a decline of 2% and an increase of 1.5% compared with the prior range of decline of 2.5% and an increase of 1.5%. Adjusted operating income is now anticipated to be between $430 million and $510 million, up from $420-$510 million expected previously. Adjusted EBITDA is forecasted at $615-$695 million compared with the earlier range of $605-$695 million. Adjusted EPS is expected to be between $7.70 and $9.38, an increase from the prior guidance of $7.31-$9.10. The company continues to expect capital expenditures to be between $145 million and $160 Zacks Rank #3 (Hold) company's shares have gained 52.4% in the past three months compared with the industry's 24.6% growth. Some better-ranked stocks are Urban Outfitters Inc. URBN, Canada Goose GOOS and Allbirds Inc. Outfitters is a lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home decor and gift products. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for URBN's fiscal 2025 earnings and sales implies growth of 20.9% and 8%, respectively, from the year-ago actuals. URBN delivered a trailing four-quarter average earnings surprise of 29%.Canada Goose is a global outerwear brand. GOOS is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. It carries a Zacks Rank #2 (Buy) at Zacks Consensus Estimate for Canada Goose's current fiscal-year's earnings and sales implies growth of 10% and 2.9%, respectively, from the year-ago actuals. Canada Goose delivered a trailing four-quarter average earnings surprise of 57.2%.Allbirds is a lifestyle brand that uses naturally derived materials to make footwear and apparel products. It carries a Zacks Rank of 2 at Zacks Consensus Estimate for BIRD's current financial-year's earnings indicates growth of 16.1% from the year-ago actual. The company delivered a trailing four-quarter average earnings surprise of 21.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report Signet Jewelers Limited (SIG) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Allbirds, Inc. (BIRD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
03-06-2025
- Business
- Yahoo
Compared to Estimates, Signet (SIG) Q1 Earnings: A Look at Key Metrics
For the quarter ended April 2025, Signet (SIG) reported revenue of $1.54 billion, up 2% over the same period last year. EPS came in at $1.18, compared to $1.11 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.52 billion, representing a surprise of +1.69%. The company delivered an EPS surprise of +16.83%, with the consensus EPS estimate being $1.01. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Signet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Change in Same store sales - North America segment: 2.3% versus 1% estimated by two analysts on average. Total Number of Stores: 2,633 compared to the 2,635 average estimate based on two analysts. Number of stores - International segment: 262 compared to the 262 average estimate based on two analysts. Same store sales: 2.5% compared to the 1.1% average estimate based on two analysts. Number of stores - North America segment: 2,371 versus 2,374 estimated by two analysts on average. Change in Same store sales - International: 4.5% versus the two-analyst average estimate of 1.5%. Sales- North America segment: $1.45 billion compared to the $1.43 billion average estimate based on two analysts. The reported number represents a change of +2.2% year over year. Sales- International segment: $80.10 million versus the two-analyst average estimate of $75.90 million. The reported number represents a year-over-year change of +3.8%. Sales- Other segment: $11 million compared to the $13.65 million average estimate based on two analysts. The reported number represents a change of -19.1% year over year. View all Key Company Metrics for Signet here>>>Shares of Signet have returned +9.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Signet Jewelers Limited (SIG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
