Last $130.65 USD
Change Today -0.40 / -0.31%
Volume 171.1K
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

signet jewelers ltd (SIG) Key Developments

Signet Jewelers Limited Reports Consolidated Unaudited Earnings Results for the Thirteen Weeks and Thirty Nine Weeks Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2015

Signet Jewelers Limited reported consolidated unaudited earnings results for the thirteen weeks and thirty nine weeks ended November 1, 2014. For the thirteen weeks, the company reported sales of $1,177.9 million compared with $771.4 million for the same period last year. Operating income was $10.7 million compared with $51.6 million for the same period last year. Total sales were up $406.5 million primarily driven by the addition of the Zale division which added $331.4 million of sales to third quarter Fiscal 2015. Adjusted operating income was $35.7 million, or 3.0% of sales, down 370 basis points versus prior year. Net loss was $1.3 million, or $0.02 per share, compared to net income of $33.6 million, or $0.42 per share, in the third quarter 2014. Adjusted net income was $16.5 million or $0.21 per share. The decrease in adjusted net income compared to last year's net income was driven by this year's Zale division net loss of $13.2 million and incremental interest expense of $10.6 million related to the Zale acquisition. For the thirty nine weeks, the company reported sales of $3,459.9 million compared with $2,645.2 million for the same period last year. Operating income was $244.9 million compared with $299.9 million for the same period last year. For the fourth quarter of fiscal 2015, the company expected same store sales of 3.0% to 4.0%. EPS to range $2.69 to $2.83. Adjusted EPS to range $2.95 to $3.05. Adjusted EPS are expected to be favorably impacted by Zale operations in the fourth quarter Fiscal 2015 by $0.36 to $0.40. For fiscal 2015, the company expected EPS to be $4.59 to $4.72. Adjusted EPS to be $5.51 to $5.61. Effective tax rate to be 29.3%. Capital expenditures to be $240 million to $250 million.

Signet Jewelers Limited Names Daniel Shull as its First Chief Information Officer Effective January 5, 2015

Signet Jewelers Limited announced that Daniel Shull will join the Company as its first Chief Information Officer effective January 5, 2015. As Chief Information Officer, Shull will be responsible for Signet's Information Technology systems across its three divisions and will work to ensure IT solutions and investments are aligned with its Vision 2020 and the growing needs of its business. He will report to Signet's Chief Executive Officer Mark Light and serve on Signet's Executive Committee. Shull joins the company after more than seven years at Nike Inc. where he held senior IT leadership roles including Global Retail CIO. Most recently Shull was Vice President, Strategy, Architecture and Portfolio for the entire $27 billion enterprise. Prior to Nike, Shull spent 15 years at Borders Group, where he rose to Interim Chief Information Officer and served as Vice President, Application Development and also held key Merchandising leadership roles.

Signet Jewelers Limited Reaffirms Earnings Guidance for the Third Quarter and Full Year 2014

Signet Jewelers Limited reaffirmed earnings guidance for the third quarter and full year 2014. The company continues to expect to report a loss between $0.11 to $0.01 in third quarter of 2014. Adjusted EPS is expected to be $0.12 - $0.18. Third quarter same-store sales are seen up 2% - 4%. For the full year, the company continues to see adjusted EPS of between $5.38 to $5.54, compared with forecasts for $5.50.

Signet Jewelers Announces Management Changes, Effective October 31, 2014

Signet Jewelers Limited announced that Michael Barnes has resigned from his position as Chief Executive Officer and from Signet's board of directors, effective October 31, 2014, and Mark Light, currently Signet's President and Chief Operating Officer, will succeed Mr. Barnes as Chief Executive Officer of Signet following his departure and will also join Signet's board of directors.

Signet Jewelers Limited to Report Q3, 2015 Results on Nov 25, 2014

Signet Jewelers Limited announced that they will report Q3, 2015 results at 7:00 AM, US Eastern Standard Time on Nov 25, 2014

 

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SIG

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Valuation SIG Industry Range
Price/Earnings 31.6x
Price/Sales 2.1x
Price/Book 3.9x
Price/Cash Flow 31.6x
TEV/Sales 1.7x
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