07:36 AM EST, 01/14/2025 (MT Newswires) -- Signet Jewelers ( SIG ) lowered Tuesday its fiscal Q4 sales outlook to a range of $2.32 billion to $2.34 billion, from the previous guidance of $2.38 billion to $2.46 billion.

Analysts polled by FactSet expect $2.42 billion.

The company now expects fiscal Q4 same-store sales to decline 2.5% to 2%, compared with its previous outlook of flat to 3% growth.

Three analysts surveyed by FactSet expect 1.7% growth.

The company said preliminary holiday same store sales during the 10 weeks ended Jan. 11 declined about 2% year on year.

Shares of the company fell more than 16% in recent premarket activity.