Signet Jewelers (SIG) Tops Q2 EPS by 29c; Reiterates Outlook
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Go back to Signet Jewelers (SIG) Tops Q2 EPS by 29c; Reiterates Outlook
August 24, 2017 6:51 AM EDT
Same 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....
More
August 24, 2017 6:49 AM EDT
Strategic 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
