Signet Jewelers stock slid ten.6% towards Thursday following organization said good nine.3% year-over-season reduction in sales, and you will Chief executive officer Gina Drosos claims ongoing loneliness courtesy the fresh new pandemic is partly responsible.

Drosos attributed the company’s unsatisfying one-fourth so you’re able to several things. The first was financial pressures on people such as for example local lender problems, straight down taxation refunds, and a good continued story regarding Provided from reining into the inflation from the pressing jobless higher as a result of rate of interest nature hikes.