Signet Jewelers: Outlet Malls, Ultra Acquisition, And Macro Tailwinds Fuel Extraordinary Growth
Bishop Research and Analytics
Bishop Research and Analytics
Thu, Jan. 7, 7:36 AM
- Signet Jewelers (NYSE:SIG) reports sales during the holiday period rose 5.0% to $1.9478B.
- Same-store sales were up 4.9% during the period. Kay was strong with a 7.2% comp, while Zale US was also solid with a 5.6% mark. Gordons Jewelers lagged with a -7.2% comp.
- The company narrows Q4 EPS guidance to $3.44-$3.50 vs. $3.30-$3.50 prior and $3.54 consensus.
Dec. 29, 2015, 12:11 PM
- A report from MasterCard on a 7.9% increase in holiday spending is creating some optimism that retailers selling in certain categories could surprise with Q4 earnings.
- Double-digit sales gains were recorded for furniture spending (RH, PIR, HVT, BBBY, ETH, HOFT, OTCPK:BEST, W, LZB, OTCPK:LEFUF, BSET, WSM, RH, KIRK) and women's apparel (NWY, LB, ASNA) while the men's apparel and electronics categories were left behind.
- A late sales rush is also usually a positive sign for Signet (NYSE:SIG) and Tiffany (NYSE:TIF).
- Previously: Late rush may have turned holiday season around (Dec. 28)
Dec. 2, 2015, 2:42 PM
- Signet Jewelers (SIG -0.7%) announce it plans to add Pandora boutiques into more than 200 Jared stores. The expansion will begin next year.
- Luxury brand Pandora already has a presence in 239 Jared stores.
Nov. 25, 2015, 8:48 AM
- Sales of Star Wars consumer products could reach $5B over the first year after the December release date of Star Wars: The Force Awakens, according to some high-flying projections.
- The mark would smash the previous movie product sales record of $2.8B set by Cars 2.
- Disney (NYSE:DIS) turned the screws on licensing partners by working a deal for a ~20% royalty which is about double the normal rate. Hasbro (NASDAQ:HAS) is the major licensee for Star Wars toys, while a host of other companies have bits and pieces - including Jakks Pacific (NASDAQ:JAKK), Lego, Kay Jewelers (NYSE:SIG), Topps, Electronic Arts (NASDAQ:EA), Rubie's Costume Company, and even CoverGirl (NYSE:COTY).
Nov. 24, 2015, 9:17 AM
Nov. 24, 2015, 7:45 AM
- Signet (NYSE:SIG) reports same-store sales rose 3.3% in Q3.
- Comp growth by brand: Kay +7.1, Jared -2.7%, Sterling +3.5%, Zales (total) +2.6%, Zales US Jewelry +1.4%, H.Samuel +2%, Ernest Jones +6.3%, UK Jewellers division +4.1%.
- E-commerce sales grew 12.7% to $50.5M.
- Adjusted gross margin rate were flat Y/Y at 30.6%.
- Adjusted SG&A expense rate improved 40 bps to 31.7%.
- Adjusted operating margin rate increased 90 bps to 3.9% primarily due to higher sales, net synergies, and SGA leverage..
- Store count +25 Q/Q to 3,618.
- Q4 Guidance: Same-store sales: +3.5% to +5%; GAAP EPS: $3.30 to $3.50; Non-GAAP EPS: $3.40 to $3.60.
- FY2016 Guidance: Tax rate: 28% to 29%; Capex: $260M to $280M; Net selling square footage growth: 2% to 3%; Net synergies: $30M to $35M.
Nov. 24, 2015, 6:58 AM
- Signet (NYSE:SIG): Q3 EPS of $0.33 misses by $0.06.
- Revenue of $1.22B (+3.4% Y/Y) misses by $10M.
Nov. 23, 2015, 5:30 PM
Sep. 23, 2015, 9:29 AM
- The first day of fall warrants a look at which stocks tend to perform nicely during the season. A scan by USA Today, relying on data from S&P Capital IQ, finds nine stocks beat the S&P 500 each of the last five falls. The group averaged over a 16% gain during the period.
- Fall winners: Seagate Technology (NASDAQ:STX), Royal Caribbean Cruises (NYSE:RCL), Western Digital (NASDAQ:WDC), Ameriprise Financial (NYSE:AMP), Tesoro (NYSE:TSO), Signet Jewelers (NYSE:SIG), Robert Half International (NYSE:RHI), Wyndham Worldwide (NYSE:WYN), FedEx (NYSE:FDX).
Sep. 21, 2015, 6:52 PM
- Wynn Resorts (NASDAQ:WYNN), Viacom (NASDAQ:VIAB) and Dollar Tree (NASDAQ:DLTR) headline Goldman Sachs' list of 25 companies that could post outsized returns even as more and more stocks are moving in lock-step.
- Goldman’s picks come as return dispersion - the performance gap among stocks - has sunk lately amid turmoil in China and concerns about when the Fed will raise interest rates that has pushed stock correlations to their highest level since 2011.
- Given the low-dispersion setting, Goldman says investors should focus on these 25 stocks that have high “dispersion scores” and 15%-plus upside to the firm’s targets: WYNN, VIAB, DLTR, UAL, LUV, URBN, CBG, JNPR, MPC, NFLX, HBI, SIG, CRM, CERN, VLO, KMX, ENDP, CTSH, ISRG, ETFC, TSN, CCE, CI, REGN, GT
Sep. 4, 2015, 7:18 AM
- Star Wars fans showed up with energy at Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) stores in the early morning hours for Force Friday, according to local media reports.
- The retail event wrapped around the new and old characters set to be introduced in the new Star Wars slated for December also inspired promotions from Toys 'R' Us, Amazon (NASDAQ:AMZN), and Kay Jewelers (NYSE:SIG).
- Toy makers Hasbro (NASDAQ:HAS) and Lego are expected to be big beneficiaries of the Star Wars event, while Mattel (NASDAQ:MAT) and Jakks Pacific (NASDAQ:JAKK) are also selling Star Wars 7 merchandise.
Aug. 27, 2015, 3:55 PM
- Signet (SIG +14.2%) rips higher after strong FQ2 results.
- A key part of the estimate-topping quarter was the ability of the company to turbocharge results with Zales after acquiring the brand.
- Execs noted the Zales business has been more profitable for the first two quarters of the year than it was in the first half of the previous ten years before the merger.
- Earnings call transcript
- Previously: Signet beats by $0.13, beats on revenue (Aug. 27)
- Previously: More on Signet's FQ2 (Aug. 27)
Aug. 27, 2015, 9:14 AM
Aug. 27, 2015, 7:59 AM
- Signet (NYSE:SIG) reports same-store sales rose 4.2% in FQ2.
- Comp growth by brand: Kay +4.1%, Jared +2.7%, Sterling +3.3%, Zales (total) +5.8%, Zales US Jewelry +5.3%, H.Samuel +1.9%, Ernest Jones +8.3%, UK Jewellers division +5.1%.
- E-commerce sales rose 30.5% to $65.9M.
- Adjusted gross margin rate increased 100 bps to 35.3%.
- Adjusted SG&A expense rate +80 bps to 29.2%.
- Adjusted operating margin rate grew 30 bps to 10.5%.
- Store count +4 Q/Q to 3,593.
- FQ3 Guidance: Same-store sales: +3% to +4%; GAAP EPS: $0.23 to $0.25; Non-GAAP EPS: $0.36 to $0.40.
- FY2016 Guidance: Tax rate: 28% to 29%; Capex: $275M to $325M; Net selling square footage growth: 2% to 3%.
Aug. 27, 2015, 7:01 AM
- Signet (NYSE:SIG): Q2 EPS of $1.28 beats by $0.13.
- Revenue of $1.41B (+13.7% Y/Y) beats by $30M.
Aug. 26, 2015, 5:30 PM
Signet Jewelers Ltd. is a specialty retail jeweler by sales in the US, Canada and UK. The company has one business segment, the retailing of jewelry, watches and associated services. The business is managed as two geographical operation divisions: the U.S. division and the UK division. The U.S.... More
Industry: Jewelry Stores
Country: United States
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