Signet Jewelers (SIG) shares soared more than 20% Wednesday after the jewelry retailer posted better-than-anticipated profit and sales, issued a rosy outlook, and announced plans to reduce its real-estate footprint.

The owner of Zales, Jared, and Kay Jewelers reported fiscal 2025 fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $6.62, while analysts surveyed by Visible Alpha expected $6.25. While revenue fell 6% year-over-year to $2.35 billion and 澳洲幸运5官方开奖结果体彩网:same-store sales declined 1.1%, they also beat expectaﷺtions. 

CEO J.K. Symancyk credited the performance to Signet's "depth of assortment at key price points while also benefiting from improved Bridal trends." Symancyk added that the company benefited from its "Grow Brand Love" strategy to expand its business.

Signet Expects to 'Transition Over 10% of Mall Locations to Off-Mall' in Next 3 Years

COO and CFO Joan Hilson said as part of the reorganization plan, Signet was "focused on real estate optimization and (expects) to transition over 10% of mall locations to off-mall and the eCommerce channel over the next three years."

The comp♛any sees current-quarter revenue coming in at $1.50 billion to $1.53 billion,✨ and same-store sales flat to 2.0% higher. The Visible Alpha forecasts were for $1.51 billion and up 0.65%, respectively.

Even with today's 22% increase, Signet Jewelers shares are down more than 40% over the last year.