Signet Jewelers (NYSE: SIG) reported Q3 EPS of $0.11, $0.77 better than the analyst estimate of ($0.66). Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.14 billion.

Third Quarter Fiscal 2021 Highlights

• Q3 same store sales ("SSS") up 15.1% (1).
• eCommerce growth of 71.4% year over year.
• Cash flow from operating activities of $606.7 million year to date.
• GAAP earnings per share ("EPS") of $0.02, reflects pre-tax restructuring and impairment charges of $0.14.
• Non-GAAP diluted EPS of $0.11(2).

"I'd like to express tremendous appreciation to our Signet team for their passion and strong execution of our Path to Brilliance strategy in the third quarter," said Virginia C. Drosos, Chief Executive Officer. "Our success came from a combination of factors including significant digital, product, and marketing innovations; our ability to capture pent-up demand as our stores reopened; and intentional efforts to capture early holiday shopping to help mitigate traditionally high in-store traffic days in December.

We believe our Path to Brilliance strategy is working, and we are making progress toward our goal of being the strongest OmniChannel player in our industry. The strategic choices and investments we've made — in both people and technology — over the past three years have enabled us to accelerate our transformation. We believe we will emerge from the pandemic stronger and more united, fueled by our purpose to Inspire Love. As we move to Q4, we recognize that the pandemic will continue to impact traditional in-store shopping behavior. Equipped with new capabilities, Signet\'s team is ready to meet our customers whenever and however they choose to shop this holiday and beyond."

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