Signet Jewelers (SIG) Raises Q1 and FY Guidance
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Signet Jewelers Raises First Quarter And Full Year Guidance
April 12, 2021 6:50 AM EDTHAMILTON, Bermuda, April 12, 2021 /PRNewswire/ -- Signet Jewelers Limited ("Signet") (NYSE: SIG), the world's largest retailer of diamond jewelry, today is increasing its Fiscal 2022 first quarter and full year guidance.
Signet has seen stronger than expected conversion and average ticket values in the first quarter. The Company believes this topline strength is likely due to a combination of traction from strategic initiatives as well as tailwinds from stimulus, tax refunds and consumer enthusiasm on the heels of vaccine rollouts particularly during the Company's guest appreciation events in late March.
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