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Signet higher after posting strong preliminary results

Feb. 29, 2016 8:21 AM ETSignet Jewelers Limited (SIG) StockBy: Clark Schultz, SA News Editor
  • Signet (NYSE:SIG) reports same-store sales were up 4.9% in Q4 to fall on the top end of its guidance.
  • On a preliminary basis, Signet sees Q4 adjusted EPS of $3.63 vs. $3.55 consensus.
  • The company increases its forecast on Zales synergies to $225M-$250M by the end of FY18 vs. $150M-$175M prior view.
  • SIG +6.43% premarket to $105.50.

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