RADNOR, Pa.--(BUSINESS WIRE)--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Signet Jewelers Limited (NYSE: SIG) (“Signet”).
On January 14, 2025, Signet reported disappointing results for its holiday sales for the ten weeks ended January 11, 2025 and lowered its guidance for fourth quarter of fiscal year 2025. Specifically, Signet revealed that the company now expects same-store sales to decline between 2.0% and 2.5% and lowered its revenue forecast from $2.38 billion-$2.46 billion to $2.32 billion-$2.335 billion. Signet also lowered its adjusted operating income projection from $397 million-$427 million to $337 million-$347 million.
On this news, Signet’s stock price fell over 20%, from of a close of $74.04 per share on January 13, 2025, to close at $58.00 per share on January 14, 2025.
If you are a Signet investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser: https://www.ktmc.com/signet-jewelers-limited-investigation?utm_source=PR&utm_medium=link&utm_campaign=sig&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
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