Signet Jewelers Reports Second Quarter Financial Results
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August 28, 2017 7:31 AM EDT
Citi raised its price target on Signet Jewelers (NYSE: SIG) to $60.00 (from $52.00) while maintaining a Neutral rating.
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August 24, 2017 8:17 AM EDT
Signet Jewelers (NYSE: SIG) is gaining 15% in pre-open trade following better-than-expected results, a maintained outlook and its acquisition of R2Net.
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August 24, 2017 7:57 AM EDT
Wells Fargo analyst Ike Boruchow has some positive initial comments on Signet Jewelers (NYSE: SIG) following better-than-expected results today.
Boruchow said with a high level of controversy heading into the print, SIG's Q2 earnings release provided a multitude of positive surprises.
He said the most important developments were: 1) SIG comped positively for the first time in 4... More
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...
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