Signet Jewelers (SIG) Reports Q1 Loss Per Share of $1.59

Signet Jewelers (NYSE: SIG) reported Q1 EPS of ($1.59), $1.23 better than the analyst estimate of ($2.82). Revenue for the quarter came in at $852.1 million versus the consensus estimate of $861.74 million.

• February same store sales ("SSS") positive low single digit. Q1 SSS down 38.9%1 reflecting the temporary closure of all stores beginning in late March due to the novel coronavirus ("COVID-19").

Quarterly Dividend:

Consistent with the Company's year end messaging, Signet's Board of Directors has elected to temporarily suspend the dividend program on the common shares and has elected to pay the August quarterly dividend on its preference shares in kind.

Financial Guidance:

As previously disclosed, the Company is not providing Fiscal 2021 financial guidance at this time due to the continuing level of uncertainty in the current environment.

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

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