Signet Jewelers (SIG) Tops Q2 EPS by 94c

Signet Jewelers (NYSE: SIG) reported Q2 EPS of ($1.13), $0.94 better than the analyst estimate of ($2.07). Revenue for the quarter came in at $888 million versus the consensus estimate of $788.51 million.

Outlook:

While Signet is encouraged by customers' response to the Company's digital first strategy and investments, looking to the second half of this fiscal year, the Company is not providing financial guidance. This is due to the continuing uncertainty surrounding multiple factors including the magnitude and potential resurgence of COVID-19 in key trade areas, extended duration of heightened unemployment, supply chain disruptions and macro or governmental influences on consumers' ability to spend, particularly in discretionary categories like jewelry. Further, there can be no assurance that August sales trends will continue for the remainder of the third quarter and are not indicative of future performance.

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

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