Signet Jewelers (SIG) Tops Q2 EPS by 29c; Reiterates Outlook
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Signet Jewelers Reports Second Quarter Financial Results
August 24, 2017 6:51 AM EDTSame store sales increased 1.4%; Diluted earnings per share $1.33
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 (second quarter Fiscal 2018) ended July 29, 2017.
Summary:
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.... MoreSignet Jewelers to Acquire R2Net, owner of JamesAllen.com, to Accelerate its Customer-First OmniChannel Strategy
August 24, 2017 6:49 AM EDTStrategic Transaction Creates Significant Growth Opportunities Through Implementation of R2Nets Innovation Capabilities and Digital Technology
HAMILTON, Bermuda--(BUSINESS WIRE)-- Signet Jewelers Limited (Signet) (NYSE: SIG), the worlds largest retailer of diamond jewelry, today announced that it has agreed to acquire R2Net for $328 million in an all cash transaction. R2Net is the owner of JamesAllen.com, a fast-growing online jewelry retailer, as well as Segoma Imaging Technologies, who provides R2Net machines to enable delivery of next-generation digital shopping experience... More
