07:47 AM EDT, 09/12/2024 (MT Newswires) -- Signet Jewelers ( SIG ) reported fiscal Q2 adjusted earnings Thursday of $1.25 per diluted share, down from $1.55 a year earlier.

Analysts polled by Capital IQ expected $1.21.

Sales for the fiscal quarter ended Aug. 3 were $1.49 billion, compared with $1.61 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.50 billion.

Same-store sales were down 3.4% during the quarter versus a 12% fall a year ago.

Analysts surveyed by Capital IQ expected a 4.3% decrease.

For fiscal Q3, the jewelry retailer said it expects sales of $1.35 billion to $1.38 billion and same-store sales in the range of a 1% decline to a 1.5% increase.

Analysts surveyed by Capital IQ expect $1.35 billion in revenue and a 1.1% decrease in same-store sales.

For fiscal 2025, the company said it maintained its previous adjusted earnings expectation of $9.90 to $11.52 per diluted share on sales of $6.66 billion to $7.02 billion.

Analysts polled by Capital IQ expect normalized earnings of $10.28 per share on $6.77 billion in revenue.

Fiscal 2025 same-store sales are expected to fall in the range of a 4.5% fall to a 0.5% gain, the company said.

Analysts polled by Capital IQ expect a 2.8% decrease.

Signet Jewelers ( SIG ) said the board maintained its quarterly dividend at $0.29 per share, payable Nov. 22 to shareholders of record as of Oct. 25.

The company's shares were up more than 8% in recent Thursday premarket activity.

Price: 84.95, Change: +6.86, Percent Change: +8.78