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Signet Jewelers (SIG) Q1 EPS Misses Views, Comps Decline 11.5%, Reaffirms FY Guidance

May 25, 2017 6:59 AM EDT

Signet Jewelers (NYSE: SIG) reported Q1 EPS of $1.03, $0.65 worse than the analyst estimate of $1.68. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.47 billion.

  • Same store sales ("SSS") declined 11.5%, including 330 basis points unfavorable impact attributable to the later timing of Mother's Day holiday.

GUIDANCE:

Signet Jewelers sees FY2018 EPS of $7.00-$7.40, versus the consensus of $7.09.

Reaffirming Financial Guidance:

Fiscal 2018
SSS down low-to-mid single-digit %
EPS $7.00 to $7.40
Effective tax rate 24% to 25%
Weighted average common shares 74 million to 75 million
Capital expenditures $260 million to $275 million
Net selling square footage growth -1% to 0%

For earnings history and earnings-related data on Signet Jewelers (SIG) click here.



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