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Signet Jewelers Ltd (SIG.N)

SIG.N on New York Stock Exchange

53.01USD
22 Nov 2017
Change (% chg)

$0.22 (+0.42%)
Prev Close
$52.79
Open
$53.56
Day's High
$57.88
Day's Low
$52.30
Volume
1,630,731
Avg. Vol
425,625
52-wk High
$101.30
52-wk Low
$46.09

Latest Key Developments (Source: Significant Developments)

Signet Jewelers Q3 loss per share $0.20
Tuesday, 21 Nov 2017 06:55am EST 

Nov 21 (Reuters) - Signet Jewelers Ltd ::Signet Jewelers reports third quarter financial results.Q3 loss per share $0.20.Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Sees FY 2018 earnings per share $6.10 to $6.50.Qtrly ‍same store sales down 5.0%​.Revised fiscal 2018 guidance to reflect impact of credit outsourcing disruptions​.Now expects fiscal 2018 same-store-sales to be down a mid single-digit percentage​.Qtrly ‍sales $1,156.9 million versus $1,186.2​ million.Sees 2018 ‍capital expenditures in range of $245 million to $260 million​.Q3 revenue view $1.17 billion -- Thomson Reuters I/B/E/S.Quarter-end net inventories were $2,466.1 million, down 6.9% at prior year quarter-end​.For 2018, co expects net store closures of about 125 stores, consisting of about 90 to 100 store openings & about 215 to 225 closures​.  Full Article

Signet Jewelers completes and Genesis enter into five-year servicing agreement​
Monday, 23 Oct 2017 04:05pm EDT 

Oct 23 (Reuters) - Signet Jewelers Ltd :Signet Jewelers completes first phase of strategic outsourcing of credit portfolio.Signet Jewelers Ltd - ‍received $960 million of proceeds from sale of its prime-only accounts receivable to alliance data​.Signet Jewelers Ltd - ‍implemented a lease-purchase program in partnership with progressive leasing across its u.s. stores​.Signet Jewelers Ltd - ‍signet and Genesis have entered into a five-year servicing agreement​.Signet Jewelers-‍genesis to give credit servicing functions for signet's existing non-prime accounts receivable & future non-prime account originations​.Signet Jewelers-‍as part of deal, nearly all existing signet team members supporting credit operations transferred to alliance data or genesis​.Signet Jewelers Ltd sees ‍net impact from outsourcing credit portfolio​ of negative $0.16 on EPS for FY 2018.Signet Jewelers-total transaction costs related to legal, advisory, implementation and retention expense were $36 million for the full year fiscal 2018.  Full Article

Capital Research Global Investors 10.2 pct passive stake in Signet Jewelers
Friday, 8 Sep 2017 01:39pm EDT 

Sept 8 (Reuters) - Signet Jewelers Ltd :Capital Research Global Investors 10.2 percent passive stake in Signet Jewelers Ltd as of August 31 - sec filing.  Full Article

Signet Jewelers reports Q2 EPS $1.33
Thursday, 24 Aug 2017 06:51am EDT 

Aug 24 (Reuters) - Signet Jewelers Ltd ::Qtrly ‍same store sales increased 1.4%​ .Signet Jewelers reports second quarter financial results.Q2 earnings per share $1.33.Q2 earnings per share view $1.04 -- Thomson Reuters I/B/E/S.Reiterated its fiscal 2018 sss guidance and provided an update to its EPS guidance​.Q2 sales $1.4 billion.Q2 sales $1.4 billion up 1.9 percent.Q2 revenue view $1.33 billion -- Thomson Reuters I/B/E/S.Sees 2018 EPS $7.00 - $7.40.Remains on track to close approximately 165 to 170 stores in fiscal 2018.Quarter-end ‍net inventories were $2,282.1 million, down 5.6% compared to $2,418.3 million at prior year quarter-end​.Signet does not expect material additional share repurchases in fiscal 2018​.FY2018 earnings per share view $6.66, revenue view $6.17 billion -- Thomson Reuters I/B/E/S."Signet is well-positioned for upcoming holiday selling season and on track to achieve our financial targets for year".  Full Article

Signet Jewelers to acquire R2Net
Thursday, 24 Aug 2017 06:49am EDT 

Aug 24 (Reuters) - Signet Jewelers Ltd :Signet Jewelers to acquire R2Net, owner of jamesallen.com, to accelerate its customer-first omnichannel strategy.Signet Jewelers Ltd - Deal for ‍$328 million in an all cash transaction.​.Signet Jewelers Ltd - ‍Anticipates transaction to be accretive in first full year of operations​.Signet Jewelers - ‍Following deal, R2Net brands will largely operate as independent division of signet, its current leadership team will remain intact​.Signet Jewelers - Deal ‍will be financed with term loan provided by JPMorgan Chase Bank, N.A., which is expected to be repaid in full by end of fiscal 2018​.  Full Article

Signet Jewelers Ltd appoints Virginia "Gina" C Drosos as CEO
Monday, 17 Jul 2017 07:30am EDT 

July 17 (Reuters) - Signet Jewelers Ltd ::Signet Jewelers appoints Virginia "Gina" C Drosos as ceo.Signet Jewelers Ltd - ‍Drosos previously served as president & CEO of Assurex Health and as a group president of global beauty care at Procter & Gamble.Signet Jewelers Ltd - Mark Light, who has served as CEO of Signet since 2014, has decided to retire.  Full Article

Signet Jewelers appoints Mark Graf to board of directors
Wednesday, 21 Jun 2017 04:29pm EDT 

June 21 (Reuters) - Signet Jewelers Ltd :Signet Jewelers announces appointment of R. Mark Graf to board of directors and retirement of Dale W. Hilpert.Signet Jewelers Ltd - Graf currently serves as chief financial officer at Discover Financial Services.Signet Jewelers Ltd - Dale Hilpert to retire from board of directors for personal reasons, effective June 28, 2017.  Full Article

Signet Jewelers says coo resigned due to violations of company policy unrelated to financial matters​
Monday, 5 Jun 2017 05:09pm EDT 

June 5 (Reuters) - Signet Jewelers Ltd ::Signet Jewelers-‍on june 2, Bryan Morgan, chief operations officer resigned due to violations of company policy unrelated to financial matters​.  Full Article

Signet says resolves EEOC case on pay and promotions
Friday, 5 May 2017 10:42am EDT 

May 5 (Reuters) - Signet Jewelers Ltd ::Signet resolves EEOC case on pay and promotions."No findings in litigation of liability or wrongdoing".Reached agreement with Equal Employment Opportunity Commission to resolve all claims related to pay, promotion of female retail sales employees at co.Consent decree does not require company to pay a monetary award.  Full Article

Signet Jewelers reports Q4 EPS of $3.92
Thursday, 9 Mar 2017 06:55am EST 

Signet Jewelers Ltd : Signet Jewelers reports fourth quarter and fiscal 2017 financial results . Q4 sales $2.27 billion versus $2.39 billion . Q4 adjusted earnings per share $4.03 . Q4 earnings per share $3.92 . Q4 earnings per share view $4.01 -- Thomson Reuters I/B/E/S . Q4 revenue view $2.3 billion -- Thomson Reuters I/B/E/S . Qtrly same store sales declined 4.5% . Sees 2018 same store sales down low-to-mid single-digit % . Sees 2018 EPS $7.00 to $7.40 . Sees 2018 capital expenditures of $260 million to $275 million . Declared a quarterly cash dividend of $0.31 per share for Q4 of fiscal 2017, a 19.2% increase . Additional week, January 28, 2018 - February 3, 2018, will be accretive to Q4 total sales by approximately $75 million . Plans to close 165 to 170 stores in fiscal 2018 and open 90 to 115 stores . Plans to close 165 to 170 stores in fiscal 2018 and open 90 to 115 stores .FY2018 earnings per share view $7.76 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Signet Jewelers Q3 loss per share $0.20

* Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S