Signet Jewelers (SIG) Misses Q2 EPS Views; Cuts FY16 EPS Outlook
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Signet Jewelers Reports Second Quarter Financial Results
August 25, 2016 7:03 AM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Signet Jewelers Limited (Signet) (NYSE: SIG), the world's largest retailer of diamond jewelry, today announced its results for the 13 weeks ended July 30, 2016 (second quarter Fiscal 2017).
Summary:
Same store sales down 2.3%. Total sales $1.4 billion down 2.6%. Total sales at constant exchange rate down 1.3%. Second quarter Fiscal 2017 diluted earnings per share ("EPS") $1.06. Adjusted EPS $1.14. Zale integration continues to progress well. On track to deliver cumulative synergies of $158 million to $175 million by end of this fiscal year and $225 million to $250 million by end of... MoreSignet Jewelers Announces Strategic Partnership with Leonard Green & Partners
August 25, 2016 6:58 AM EDT$625 Million Convertible Preferred Investment by Leonard Green & Partners
Signet to Repurchase up to $625 Million in Common Stock
Signet will appoint Jonathan Sokoloff, Managing Partner of Leonard Green & Partners, to the Board of Directors
HAMILTON, Bermuda--(BUSINESS WIRE)-- Signet Jewelers Limited (NYSE: SIG), the world's largest retailer of diamond jewelry, announced today that affiliates of Leonard Green & Partners, L.P. (LGP), a leading private equity firm, will invest $625 million in the form of convertible preferred shares. Signet... More
