Signet Jewelers Ltd. SIG, -0.77% shares jumped 6.8% in Thursday premarket trading after the jewelry retailer reported fourth-quarter earnings that beat expectations and gave guidance that exceeded the Street forecast. Net income totaled $245.7 million, or $4.12 per share, up from $178.8 million, or $3.14 per share, last year. Adjusted EPS of $4.15 beat the FactSet consensus for $3.54. Revenue totaled $2.187 billion, up from $2.153 billion last year and also ahead of the FactSet consensus for $2.101 billion. E-commerce sales were up 70% for the quarter. And same-store sales rose 7%, beating the FactSet consensus for 5.1% growth. For the first quarter, Signet is guiding for revenue of $1.42 billion to $1.46 billion and same-store sales up 80% to 84%. The FactSet consensus is for revenue of $1.280 billion and same-store sales growth of 39.3%. For the fiscal year, Signet is guiding for revenue of $5.85 billion to $6.00 billion and same-store sales growth of 14% to 17%. The FactSet consensus is for revenue of $5.739 billion and same-store sales growth of 13.2%. Signet stock has more than doubled, up 120.5%, over the past three months, and has skyrocketed 713% over the last year. The S&P 500 index SPX, +0.29% has gained 65.7% over the last 12 months.
View Article Origin Here
