Signet Jewelers (SIG) Reports In-Line Q3 EPS; Guides Q4 EPS In-Line with Views

Signet Jewelers (NYSE: SIG) reported Q3 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $771.4 million versus the consensus estimate of $770.59 million.

Same store sales increased 3.2 percent compared to an increase of 1.4 percent in the third quarter Fiscal 2013. eCommerce sales were $22.8 million compared to $19.6 million in the third quarter Fiscal 2013, up $3.2 million or 16.3 percent.

Sees Q4 2014 EPS of $2.30 - $2.40, versus the consensus of $2.36.

For FY14:


* Approximately 80.7 million weighted average common shares outstanding.

* Capital expenditures in the range of $180 million to $185 million, which includes costs related to: (i) the opening of 75 to 85 new Kay and Jared stores, (ii) store remodels, (iii) digital and information technology infrastructure, and (iv) outlet channel development.

For earnings history and earnings-related data on Signet Jewelers (SIG) click here.

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