Signet Jewelers to Acquire R2Net, owner of JamesAllen.com, to Accelerate its Customer-First OmniChannel Strategy

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Go back to Signet Jewelers to Acquire R2Net, owner of JamesAllen.com, to Accelerate its Customer-First OmniChannel Strategy

Signet Jewelers (SIG) Tops Q2 EPS by 29c; Reiterates Outlook

August 24, 2017 6:53 AM EDT

Signet Jewelers (NYSE: SIG) reported Q2 EPS of $1.33, $0.29 better than the analyst estimate of $1.04. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.33 billion.

Positive second quarter performance with same store sales ("SSS") up 1.4%, driven by eCommerce platform improvements, Mother's Day performance and timing, effective marketing and bridal promotion initiatives.Diluted earnings per share (EPS) of $1.33, reflecting disciplined cost management and early benefits from strategic decision to outsource the credit portfolio.Repurchased 12% of Signet equity outstanding in an... More