Signet Jewelers (SIG) Tops Q4 EPS by 2c, Comps Fall 4.5%; Guides FY18 EPS Below Views

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Signet Jewelers Reports Fourth Quarter and Fiscal 2017 Financial Results

March 9, 2017 6:55 AM EST

Company Initiates Fiscal 2018 Guidance

HAMILTON, Bermuda--(BUSINESS WIRE)-- Signet Jewelers Limited (Signet) (NYSE: SIG), the world's largest retailer of diamond jewelry, today announced its results for the 13 weeks (fourth quarter Fiscal 2017) and 52 weeks ("Fiscal 2017") ended January 28, 2017.

Summary:

Fourth quarter Fiscal 2017 Same store sales ("SSS") declined 4.5%; diluted earnings per share (EPS) $3.92; adjusted EPS $4.03. Operating income $399.2 million, up 1.6%. Operating margin increased 120 basis points. Selling, general, and administrative expense ("SGA") ratio improved 160 basis points. Fiscal 2017 SSS declined 1.9%; total sales $6.4 billion, declined 2.2%. EPS $7.08, up 20.6%; adjusted EPS $7.45, up... More