Signet Jewelers Ltd at ICR Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Mauricio Serna - UBS Securities LLC - Analyst : Great. I think to start maybe talking about your update, could you elaborate a little bit more about what were some of the highlights that you saw in terms of consumers' shopping behavior in terms of how they were looking for deals, the channel of choice? Anything that you think it's worth highlighting.

Question: Mauricio Serna - UBS Securities LLC - Analyst : Understood. And then, maybe you said that the performance and engagement was broadly within your expectations. Maybe could you talk about what kind of growth you saw in engagement units and how does that compare to maybe what you've seen in previous quarters?

Question: Mauricio Serna - UBS Securities LLC - Analyst : And then in terms now that you revised your guidance for the fourth quarter, could you tell us what does that imply in terms of the growth that you're expecting in fashion versus bridal? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 14, 2025 / 7:30PM, SIG.N - Signet Jewelers Ltd at ICR Conference

Question: Mauricio Serna - UBS Securities LLC - Analyst : Great. And then you mentioned, also something very important, AURs being up. Maybe could you talk a little bit more about the kind of AUR trends you saw in the -- again, like in the different businesses, fashion and bridal?

Question: Mauricio Serna - UBS Securities LLC - Analyst : And then maybe, again, as we look into the guide that you provided today, could you help us maybe reconcile a little bit the changes that you made in your EBIT dollar guide? Like what were the main drivers that you're putting in there? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 14, 2025 / 7:30PM, SIG.N - Signet Jewelers Ltd at ICR Conference

Question: Mauricio Serna - UBS Securities LLC - Analyst : Understood. And then maybe you know, if you think about fiscal year '26 and like one of the things that you've mentioned, JK, it's kind of like the focus on driving core comp growth. What are some initiatives that the company is looking to implement to really drive that core comp growth?

Question: Mauricio Serna - UBS Securities LLC - Analyst : Understood. And then one thing that I think investors ask and want to know is how do you guys see this shift between lab grown versus natural. How do you see that share shift over the next couple of years? And what -- how do you think about the impact on pricing because of that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 14, 2025 / 7:30PM, SIG.N - Signet Jewelers Ltd at ICR Conference

Question: Mauricio Serna - UBS Securities LLC - Analyst : Understood. And then, you mentioned also earlier that you've seen generally a slower recovery of engagements. How are you thinking about that engagement cycle beginning to rebound in the next maybe two or three years as you would consider things?

Question: Mauricio Serna - UBS Securities LLC - Analyst : Yeah, understood. And then the very last one I see. We're almost out of time. You know, one of the things that you have been dealing with in the last couple of quarters were some issues on the digital banners. Maybe you could provide a little bit of an update on how that transpired on the holiday season. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 14, 2025 / 7:30PM, SIG.N - Signet Jewelers Ltd at ICR Conference