Signet Jewelers Ltd

NYSE:SIG   3:59:57 PM EDT
+1.02 (+1.29%)
Other Pre-Announcement

Signet Jewelers Posts Q1 Earnings Per Share $0.08

Published: 06/10/2021 11:39 GMT
Signet Jewelers Ltd (SIG) - Signet Jewelers' First Quarter Results Exceed Expectations.
Q1 Earnings per Share $0.08.
Q1 Earnings per Share Estimate $1.27 -- Refinitiv Ibes Data (analyst estimates).
Q1 Non-GAAP Earnings per Share $2.23.
Q1 Sales $1.7 Billion Versus Refinitiv Ibes Estimate of $1.62 Billion.
Sees Q2 Total Revenue $1.60 Billion to $1.65 Billion.
Qtrly Total Same Store Sales Increased 106.5% Year Over Year.
Qtrly Ecommerce Sales Were $346.3 Million, Up 110.3% From Prior Year.
Qtrly Brick and Mortar Same Store Sales Increased 105.7% Year Over Year.
Sees Q2 Same Store Sales Up 76% to 82%.
Sees FY Same Store Sales Growth 24% to 27%.
Sees FY Total Revenue $6.50 to $6.65 Billion.
Expects to Close Over 100 Stores in Fiscal 2022 and Open Up to 100 Locations.
Increased Its Gross Cost Savings Expectations for Fiscal 2022 to $75 Million to $95 Million.
Signet Jewelers - Expect Some Tailwinds From Stimulus and Slower Than Anticipated Return to Travel Spending to Subside in Back-half of 2021.
Q2 Revenue View $1.33 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Revenue View $6.18 Billion -- Refinitiv Ibes Data (analyst estimates).