Signet Jewelers Limited (SIG) - NYSE
  • Thu, Mar. 24, 9:18 AM
    | Thu, Mar. 24, 9:18 AM | 3 Comments
  • Thu, Mar. 24, 8:00 AM
    • Signet (NYSE:SIG) reports same-store sales rose 4.9% in Q4.
    • Comp growth by brand: Kay +7.4, Jared +1.4%, Sterling +5%, Zales (total) +4.7%, Zales US Jewelry +5.4%, H.Samuel +3%, Ernest Jones +6.6%, UK Jewellers division +4.7%.
    • E-commerce sales increased 11.2% to $166.3M.
    • Adjusted gross margin rate advanced 170 bps Y/Y to 42.6%.
    • Adjusted SG&A expense rate grew 30 bps to 27.8%.
    • Adjusted operating margin rate expanded 160 bps to 17.4%.
    • Store count +46 Y/Y to 3,625.
    • Q1 Guidance: Same-store sales: +3% to +4%; GAAP EPS: $1.80 to $1.87; Non-GAAP EPS: $1.90 to $1.95; Shares outstanding: 78.8M.
    • FY2017 Guidance: Same-store sales: +3% to +4.5%; GAAP EPS: $7.88 to $8.23; Non-GAAP EPS: $8.25 to $8.55; Tax rate: ~28%; Capex: $315M to $365M; Net selling square footage growth: 3% to 3.5%; Net synergies: $158M to $175M.
    • SIG +2.19% premarket.
    | Thu, Mar. 24, 8:00 AM
  • Mon, Feb. 29, 9:17 AM
    | Mon, Feb. 29, 9:17 AM
  • Nov. 24, 2015, 9:17 AM
    | 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, 7:45 AM
  • 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, 3:55 PM
  • Aug. 27, 2015, 9:14 AM
    | Aug. 27, 2015, 9:14 AM | 4 Comments
  • 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, 7:59 AM
  • Jul. 24, 2015, 5:31 PM
    • Signet Jewlers (NYSE:SIG) is replacing DirecTV (just acquired by AT&T) in the S&P 500 after Tuesday's close. Parexel (NASDAQ:PRXL) is taking Signet's spot in the S&P MidCap 400, and Enanta Pharma (NASDAQ:ENTA) is taking Parexel's spot in the S&P SmallCap 600.
    • Also: Catalent (NYSE:CTLT) is replacing JDS Uniphase (JDSU - about to carry out a spinoff) in the S&P 400 after the July 31 close. What's left of JDSU (to be known as Viavi) will replace Susquehanna Bancshares (about to be acquired) in the S&P 600, while its Lumentum Holdings spinoff will replace Comstock Resources (NYSE:CRK) in the 600.
    • SIG +2.5% AH. PRXL +0.7%. ENTA +4%. CTLT +3%.
    | Jul. 24, 2015, 5:31 PM
  • May 28, 2015, 7:43 AM
    • Signet (NYSE:SIG) reports same-store sales rose 3.6% in FQ1.
    • Comp growth by brand: Kay +3.6%, Jared +0.2%, Sterling +2.3%, Zales (total) +5.6%, Zales US Jewelry +5.4%, H.Samuel +4.2%, Ernest Jones +8.3%, UK Jewellers division +6.2%.
    • Consolidated E-commerce sales rose 98.7% to $76.9M.
    • Gross margin rate decreased 80 bps to 37.8%.
    • Adjusted SG&A expense rate +70 bps to 29.3%.
    • Adjusted operating margin rate fell 250 bps to 12.6% due to the addition of the Zale division this year.
    • Store count +10 Q/Q to 3,589.
    • FQ2 Guidance: Same-store sales: +2% to +3%; GAAP EPS: $0.99 to $1.05; Non-GAAP EPS: $1.11 to $1.16.
    • FY2016 Guidance: Tax rate: 28% to 29%; Capex: $275M to $325M; Net selling square footage growth: 2% to 3%.
    • SIG -4.64% premarket.
    | May 28, 2015, 7:43 AM
  • Jan. 8, 2015, 9:15 AM
    | Jan. 8, 2015, 9:15 AM
  • Aug. 28, 2014, 9:32 AM
    • Shares of Signet (SIG +8.2%) are higher in early trading after the company's Q2 results impress.
    • Retail analysts note Signet managed to deliver a shining comp without sacrificing margins.
    | Aug. 28, 2014, 9:32 AM
  • Aug. 28, 2014, 9:25 AM
    | Aug. 28, 2014, 9:25 AM
  • May 16, 2014, 1:07 PM
    • The efforts of Signet (SIG +0.1%) to acquire Zale (ZLC +0.8%) could be done in by deal adviser Bank of America Merrill Lynch's failure to disclose a conflict of interest.
    • BAML delivered a presentation to Signet last October in which it recommended to the company it make an offer to buy Zale for $17 to $21 per share. The investment bank then turned around to rep Zale in the merger talks while disclosing only "limited" prior relationships with Signet, according to The New York Times.
    • The apparent foul-up gives TIG Advisors even more ammunition to convince other Zale shareholders to oppose the merger.
    | May 16, 2014, 1:07 PM | 1 Comment
  • Mar. 27, 2014, 8:27 AM
    • Shares of Signet (SIG) trade higher in early action after the company turns out a better quarter than anticipated.
    • Both the Kay and Jared brand showed solid sales growth.
    • The impact on Signet's margins from increased promotional activity wasn't nearly as severe as what many retail peers saw during the same period. Gross margin fell 60 bps to 42.1%, largely due to higher input costs.
    • A dividend hike from the company to $0.18/share a quarter is also adding to the Signet luster today.
    • SIG +3.7% premarket
    | Mar. 27, 2014, 8:27 AM
  • Feb. 19, 2014, 12:45 PM
    | Feb. 19, 2014, 12:45 PM | 1 Comment
Company Description
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
Sector: Services
Industry: Jewelry Stores
Country: United States