Signet Jewelers Limited Reports Sales Results for the Eight Weeks Ended December 26, 2015; Revises Earnings Guidance for the Fourth Quarter Ending January 30, 2016
January 07, 2016 at 09:05 am EST
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Signet Jewelers Limited reported sales results for the eight weeks ended December 26, 2015. For the eight weeks ended December 26, 2015, the company reported total sales were $1,947.8 million, up $93.4 million or 5.0%, compared to $1,854.4 million in the eight weeks ended December 27, 2014.
The company revised earnings guidance for the fourth quarter ending January 30, 2016. For the quarter, the company now expects earnings per share to be $3.44 to $3.50 against $3.30 to $3.50 previous guidance. Adjusted earnings per share to be $3.54 to $3.60 against $3.40 to $3.60 previous guidance. Same store sales to be 4.6% to 5.0% against 3.5% to 5.0% previous guidance. The continuation of strong sales and profitability combined with operating expenses that were in-line with expectations, including as-anticipated credit-related expense trends, enabled the company to narrow fourth quarter earnings guidance as well as same store sales guidance to the top end of the previously provided guidance.
Signet Jewelers Ltd is a Bermuda-based holding company. The Company is a retailer of diamond jewelry. Its segments include North America, International and Other. The North America segment operates across the United States and Canada. Its United States stores operate nationally in malls and off-mall locations, as well as online, principally as Kay (Kay Jewelers and Kay Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared The Galleria Of Jewelry and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and digital banners, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewellers. The International segment operates stores in the United Kingdom, Republic of Ireland and Channel Islands, as well as online. Its stores operate in shopping malls and off-mall locations principally under the H. Samuel and Ernest Jones banners. Other segment consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
Signet Jewelers Limited Reports Sales Results for the Eight Weeks Ended December 26, 2015; Revises Earnings Guidance for the Fourth Quarter Ending January 30, 2016