10 Jan 2012

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HAMILTON, Bermuda, January 10, 2012 - Signet Jewelers Ltd ("Signet") (NYSE and LSE: SIG), the largest specialty retail jeweler in the US and the UK, today announced its sales for the nine weeks ended December 31, 2011 ("Holiday Season") and expectations for the year ending January 28, 2012 ("Fiscal 2012"). 

To December 31, 2011         

9 weeks 48 weeks

Same Store Sales



  Signet Jewelers

up 7.8%

up 9.4%

  US division

up 9.2%

up 11.6%

  UK division

up 1.8%

up 0.8%

Expectations for Fiscal 2012 Results

  • Income before income taxes:  $494 million - $501 million
    • up 64% - 67%
    • up 42% - 44% excluding non-recurring item in Fiscal 20111
  • Diluted earnings per share:  $3.67- $3.72 
    • up 58% - 60%
    • up 38% - 40% excluding non-recurring item in Fiscal 20111
  • Free cash flow2 $230 million - $240 million

Quarterly Dividend

The Board has declared a quarterly dividend of $0.10 per share

1. Non-GAAP measure, excludes a make whole payment arising from prepayment of private placement notes on November

26, 2010 of $47.5 million, $29.5 million net of taxes and $0.34 per share ("the 'Make Whole

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