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SIG - Signet Jewelers News Story

$64.37 0.9  1.4%

Last Trade - 6:05pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £2.36bn
Enterprise Value £1.63bn
Revenue £3.71bn
Position in Universe 1772nd / 6846

BRIEF-Signet Jewelers Says Seen Stronger Than Expected Conversion And Average Ticket Values In Q1

Mon 12th April, 2021 12:21pm
April 12 (Reuters) - Signet Jewelers Ltd  SIG.N :
    * SIGNET JEWELERS RAISES FIRST QUARTER AND FULL YEAR
GUIDANCE
    * SEEN STRONGER THAN EXPECTED CONVERSION AND AVERAGE TICKET
VALUES
IN Q1
    * SEES Q1 TOTAL REVENUE $1.57 BILLION TO $1.60 BILLION
    * PLANNING TO CLOSE OVER 100 STORES IN FISCAL 2022 AND WILL
OPEN
UP TO 100 LOCATIONS
    * PLANNED FISCAL 2022 CAPITAL EXPENDITURES IN RANGE OF $150
MILLION TO $175 MILLION
    * INSPIRING BRILLIANCE STRATEGY REQUIRES ADDITIONAL
INVESTMENTS IN
DIGITAL AND TECHNOLOGY
    * EXPECTS STRONGER SALES PERFORMANCE IN FIRST HALF OF FISCAL
YEAR
    * CONSERVATIVELY PLANNING FOR SAME STORE SALES TO BE
NEGATIVE IN
SECOND HALF OF FISCAL YEAR
    * SEES FY 2022 SAME STORE SALES UP 17% TO 20%
    * SEES FISCAL 2022 TOTAL REVENUE $6 BILLION TO $6.14 BILLION
    * Q1 REVENUE VIEW $1.45 BILLION -- REFINITIV IBES DATA
    * FY REVENUE VIEW $5.99 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  urn:newsml:reuters.com:*:nPn62Dh23a
Further company coverage:  SIG.N 

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