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Signet Jewelers Limited (SIG)

- NYSE
  • Thu, Aug. 27, 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)
    | Thu, Aug. 27, 3:55 PM | Comment!
  • Thu, Aug. 27, 9:14 AM
    | Thu, Aug. 27, 9:14 AM | 4 Comments
  • Thu, Aug. 27, 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%.
    | Thu, Aug. 27, 7:59 AM | Comment!
  • Fri, Jul. 24, 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%.
    | Fri, Jul. 24, 5:31 PM | Comment!
  • Thu, May 28, 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.
    | Thu, May 28, 7:43 AM | Comment!
  • Thu, Jan. 8, 9:15 AM
    | Thu, Jan. 8, 9:15 AM | Comment!
  • 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 | Comment!
  • Aug. 28, 2014, 9:25 AM
    | Aug. 28, 2014, 9:25 AM | Comment!
  • 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 | Comment!
  • Feb. 19, 2014, 12:45 PM
    | Feb. 19, 2014, 12:45 PM | 1 Comment
  • Feb. 19, 2014, 9:13 AM
    | Feb. 19, 2014, 9:13 AM | Comment!
  • Feb. 19, 2014, 7:37 AM
    • Signet (SIG) confirms its acquisition of Zale (ZLC) in a transaction valued at close to $1.4B. Large Zale stakeholder Golden Gate Capital is on board with the deal.
    • The company expects to finance the transaction through bank debt and a securitization of its accounts receivable portfolio.
    • The merger is expected to be accretive in the first year at a high single-digit percentage.
    • What to watch: Zale's international business and strong online business strengthen a couple of areas Signet had room to improve. The combined company will also yield some improved pricing power.
    • Premarket action: ZLC +40.8% to $20.99 and SIG +11.0% to $88.
    | Feb. 19, 2014, 7:37 AM | 1 Comment
  • Oct. 11, 2013, 5:36 PM
    • Top Gainers, as of 5:15 p.m.: GST +3.6%. RT +3.1%. IRWD +2.4%. HMY +1.6%. S +1.3%.
    • Top Losers, as of 5:15 p.m.: CIE -5.7%. MPEL -3.8%. SSYS -3.7%. SIG -2.5%. MBFI -2.4%.
    | Oct. 11, 2013, 5:36 PM | 3 Comments
  • Sep. 4, 2013, 1:59 PM
    • Shares of Zales (ZLC +4.8%) continue to run after the jeweler's FQ4 beat. The stock is up 49.7% since the company announced results on Aug. 28.
    • Diamond jewelers Blue Nile (NILE +3%), Tiffany (TIF +1.9%), and Signet (SIG +0.4%) are up on the day as well and are outperforming the broader S&P retail sector (+0.8%).
    | Sep. 4, 2013, 1:59 PM | Comment!
  • Jan. 14, 2013, 8:12 AM
    Shares of Harry Winston Diamond (HWD) move up 8.9% premarket to $15.75 after Swatch Group agrees to buy the brand from HW Holdings. The move by Swatch into North America will give Tiffany (TIF), Zale (ZLC), and Signet (SIG) another rival to worry about with Swatch gaining a reliable source for diamonds for its watch business.
    | Jan. 14, 2013, 8:12 AM | 1 Comment
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Company Description
Signet Jewelers Ltd is a specialty jewelry retailer. It is engaged in retailing of jewelry, watches and associated services in United Kingdom and United States.
Sector: Services
Industry: Jewelry Stores
Country: United States