Signet Jewelers Limited (NYSE:SIG) Q3 2023 Results Conference Call December 6, 2022 8:30 AM ET

Company Participants

Vinnie Sinisi - SVP, IR

Virginia Drosos - CEO

Joan Hilson - CFO, Strategy Officer

Conference Call Participants

Mauricio Serna - UBS

Lorraine Hutchinson - Bank of America

Jim Sanderson - Northcoast Research

Will Gaertner - Wells Fargo

Paul Lejuez - Citi

Operator

Hello everyone, and welcome to the Signet Jewelers Fiscal 2023 Third Quarter Earnings Call. [Operator Instructions]

I’d like to turn the conference over to Vinnie Sinisi, Senior Vice President of Investor Relations. Please go ahead.

Vinnie Sinisi

Good morning, and welcome to our third quarter earnings conference call. On the call today are Signet’s CEO, Gina Drosos; and Chief Financial and Strategy Officer, Joan Hilson.

During today’s presentation, we will make certain forward-looking statements. Any statements that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. We urge you to read the risk factors, cautionary language and other disclosure in our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

Except as required by law, we undertake no obligation to revise or publicly update forward-looking statements in light of new information or future events. During the call, we will discuss certain non-GAAP financial measures. For further discussion of the non-GAAP financial measures as well as reconciliations of the non-GAAP measures to the most directly comparable GAAP measures, investors should review the news release we posted on our website at www.signetjewelers.com/investors.

And with that, I’ll turn the call over to Gina.

Virginia Drosos

Thank you, Vinny, and thanks to all of you for joining us today. I want to begin by thanking the entire Signet team for a standout quarter in a challenging retail environment. Their passion for rising to every challenge and opportunity is inspiring. I’m particularly pleased that our Signet team was recognized this quarter by Fortune as one of the top 20 best workplaces in retail. This is a great reflection of the purpose, pride, and excellence, our team members bring to our customers every day. I’m proud to lead this exceptional team.

There’s one core message that I want you to take away from today’s call. Signet is uniquely positioned to deliver consistent market share growth and value creation. Given our number one and growing leadership position in jewelry, an industry that tends to grow steadily from year to year and is more resilient to economic cycles than other parts of retail. We’ve established our strong position in this attractive industry over the past five years by making significant strategic pivots that are now creating a virtuous flywheel effect with compounding advantages that are accelerating positive momentum and grow.