Signet Jewelers Limited (NYSE:SIG) Q3 2024 Earnings Call Transcript December 5, 2023 8:30 AM ET
Company Participants
Rob Ballew - SVP of IR
Gina Drosos - CEO
Joan Hilson - Chief Financial, Strategy and Services Officer
Conference Call Participants
Ike Boruchow - Wells Fargo
Mauricio Serna - UBS
Paul Lejuez - Citi
Jim Sanderson - Northcoast Research
Operator
Good morning, and welcome to the Signet Jewelers Third Quarter Fiscal 2024 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.
Joining us on the call today are Rob Ballew, Senior Vice President of Investor Relations; Gina Drosos, Chief Executive Officer; and Joan Hilson, Chief Financial, Strategy and Services Officer.
At this time, I would like to turn this conference over to Mr. Rob Ballew, Senior Vice President of Investor Relations. Please go ahead, sir.
Rob Ballew
Good morning, welcome to Signet Jewelers third quarter earnings conference call.
During today's discussion, we will make certain forward-looking statements. Any statements that are not historical facts are subject to a number of risks and uncertainties. Actual results may differ materially. We urge you to read the risk factors, cautionary language, and other disclosures 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 financial measures to the most directly comparable GAAP measures, investors should review the news release we posted on our website at ir.signetjewelers.com.
With that, I'll turn the call over to Gina.
Gina Drosos
Thank you, Rob, and thanks to all of you for joining us today. Our team delivered this quarter with non-GAAP operating income at the high end of our expectations. Recall, the jewelry category is experiencing its second COVID as engagements are down 25% due to the disruption of dating three to three and a half years ago. Through this environment, our team has continued to be agile and innovative, resulting in Signet growing our bridal market share again this quarter.
I'm confident we'll grow from this trough next year just like we rebounded strongly from the closures of the pandemic. Our team knows our customers, create unrivaled experiences to meet their needs, and delivers on our commitments. In this time of year, their expertise really shines. I'm honored to work alongside them.