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SIG - Signet Jewelers News Story

$65.01 -0.0  -0.0%

Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £2.45bn
Enterprise Value £1.71bn
Revenue £3.76bn
Position in Universe 1749th / 6854

BUZZ-Signet Jewelers: Raises forecast as vaccines, stimulus bring shoppers back

Mon 12th April, 2021 1:49pm
** Diamond jewelry retailer's shares  SIG.N  up ~3% at $63
premarket 
    ** Co raises Q1 and full-year forecast for revenue,
same-store sales and adjusted operating income
    ** Says stimulus, tax refunds and vaccine rollouts boosted
demand 
    ** Sees Q1 revenue between $1.57 bln and $1.60 bln, up from
prior forecast of $1.42 bln and $1.46 bln  urn:newsml:reuters.com:*:nPn62Dh23a
    ** Says surging COVID-19 cases in India and other parts of
the world does not have any impact on inventory at the moment;
warns delays if inventory slowdown intensifies 
    ** Stock has more than doubled so far this year

 (Reporting by Nivedita Balu in Bengaluru)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))
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