Signet Jewelers Limited Reports Sales Results for the Nine Weeks Ended December 31, 2016; Revised Earnings Guidance for the Fourth Quarter and Fiscal Year 2017
The company revised earnings guidance for the fourth quarter and fiscal year 2017. For the quarter, the company now expects earnings per share to be $3.91 to $3.98 against $3.91 to $4.13 previous guidance. Adjusted earnings per share to be $4.00 to $4.05 against $4.00 to $4.20 previous guidance. Same store sales to be 4.8% to 4.3% against 4.0% to 2.0% previous guidance.
For fiscal 2017, the company now expects earnings per share to be $7.03 to $7.10 against $7.03 to $7.25 previous guidance. Adjusted earnings per share to be $7.38 to $7.43 against $7.38 to $7.58 previous guidance. Same store sales to be 2.5% to 2.0% against 2.5% to 1.0% previous guidance.