Signet Jewelers (SIG) Prelim. Q4 EPS Tops Views; Comps Rose 4.9%; Synergy Guidance Raised

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Go back to Signet Jewelers (SIG) Prelim. Q4 EPS Tops Views; Comps Rose 4.9%; Synergy Guidance Raised

Signet Jewelers Announces Strong Fourth Quarter Preliminary Results

February 29, 2016 8:10 AM EST

Increases Synergy Target; Announces New Share Repurchase Authorization of $750 Million

HAMILTON, Bermuda--(BUSINESS WIRE)-- Signet Jewelers Limited (Signet) (NYSE and LSE: SIG), the world's largest retailer of diamond jewelry, today made a number of announcements including preliminary results for the 13 weeks ended January 30, 2016 (fourth quarter Fiscal 2016) compared to the 13 weeks ended January 31, 2015 (fourth quarter Fiscal 2015).

Highlights

Fourth quarter same store sales increased 4.9%; diluted earnings per share (EPS) grew over 20%; adjusted EPS grew over 18% and ahead of the guided range. Signets credit... More