SIGNET JEWELERS LTD
For the period ended Feb 1, 2025. Filed Mar 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 19, 2025
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Table of Contents
FISCAL 2025 ANNUAL REPORT ON FORM 10-K
TABLE OF CONTENTS
| PAGE | |||
|---|---|---|---|
| FORWARD-LOOKING STATEMENTS | 3 | ||
| PART I | |||
| ITEM 1. | BUSINESS | 5 | |
| ITEM 1A. | RISK FACTORS | 17 | |
| ITEM 1B. | UNRESOLVED STAFF COMMENTS | 31 | |
| ITEM 1C. | CYBERSECURITY | 31 | |
| ITEM 2. | PROPERTIES | 33 | |
| ITEM 3. | LEGAL PROCEEDINGS | 34 | |
| ITEM 4. | MINE SAFETY DISCLOSURES | 34 | |
| PART II | |||
| ITEM 5. | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 35 | |
| ITEM 6. | [RESERVED] | 36 | |
| ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 37 | |
| ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 53 | |
| ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 56 | |
| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 101 | |
| ITEM 9A. | CONTROLS AND PROCEDURES | 101 | |
| ITEM 9B. | OTHER INFORMATION | 101 | |
| ITEM 9C. | DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 102 | |
| PART III | |||
| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE | 103 | |
| ITEM 11. | EXECUTIVE COMPENSATION | 103 | |
| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS | 103 | |
| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 103 | |
| ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES | 103 | |
| PART IV | |||
| ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES | 104 | |
REFERENCES
Unless the context otherwise requires, references to “Signet”, the “Company”, “we”, “us”, or “our” refer to Signet Jewelers Limited and its consolidated subsidiaries. References to the “Parent Company” are to Signet Jewelers Limited.
The Company has previously used the references “brand(s)” and “banner(s)” interchangeably. Any references to “banner(s)” within previous filings with the US Securities and Exchange Commission should be considered equivalent to “brand(s)”.
PRESENTATION OF FINANCIAL INFORMATION
All references to “dollars,” “US dollars” and “$” are to the lawful currency of the United States of America (“US”). Signet prepares its financial statements in US dollars. All references to “British pound(s),” “pounds,” and “£” are to the lawful currency of the United Kingdom (“UK”). All references to “Canadian dollar” or “C$” are to the lawful currency of Canada.
Percentages in tables have been rounded and accordingly may not add up to 100%. Certain financial data may have been rounded. As a result of such rounding, the totals of data presented in this document may vary slightly from the actual arithmetical totals of such data.
Throughout this Annual Report on Form 10-K, financial data has been prepared in accordance with accounting principles generally accepted in the US (“GAAP”). However, Signet provides certain additional non-GAAP measures in order to provide increased insight into the underlying or relative performance of the business. An explanation of each non-GAAP measure used can be found in Item 7.
Fiscal year, fourth quarter and Holiday Season
Signet’s fiscal year ends on the Saturday nearest to January 31. As used herein, “Fiscal 2026”, “Fiscal 2025”, “Fiscal 2024”, and “Fiscal 2023” refer to the 52-week period ending January 31, 2026, the 52-week period ended February 1, 2025, the 53-week period ended February 3, 2024, and the 52-week period ended January 28, 2023, respectively. Fourth quarter references relate to the 13 weeks ended February 1, 2025 (“fourth quarter”) and the 14 weeks ended February 3, 2024 (“prior year fourth quarter”).
As used herein, the “Holiday Season” consists of results for the months of November and December.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.