=Signet Jewelers (SIG) reported earnings on Wed 6 June 2018 (b/o)

June 4:  #23; vol. 2.0M

June 5:  #23; vol. 3.4M

Signet Jewelers beats by $0.20, beats on revs; guides Q2 EPS below consensus, revs in-line; reaffirms FY19 EPS guidance, revs guidance; Q1 comps -0.1% 

• Reports Q1 (Apr) EPS of $0.10 per share, excluding non-recurring items, $0.20 better than the Capital IQ Consensus of ($0.10); revenues rose 5.5% year/year to $1.48 bln vs the $1.4 bln Capital IQ Consensus. Total same store sales performance was (0.1)% versus the prior year quarter. Company continues to expect $475 million in share repurchases in Fiscal 2019, of which $60 million were repurchased in the first quarter.
• Co issues guidance for Q2, sees EPS of $0.05-0.20, excluding non-recurring items, vs. $0.57 Capital IQ Consensus Estimate; sees Q2 revs of $1.3-1.35 bln vs. $1.35 bln Capital IQ Consensus Estimate; ses comps down mid single digits.
• Co reaffirms guidance for FY19, sees EPS of $3.75-4.25, excluding non-recurring items, vs. $3.96 Capital IQ Consensus Estimate; sees FY19 revs of $5.9-6.1 bln vs. $6.03 bln Capital IQ Consensus Estimate; co reaffirms comps down low to mid single digits.
• Co also  announced two executive appointments rounding out a Leadership Team aligned to drive the Company's transformation under its Path to Brilliance plan. Mary Elizabeth Finn has been named Chief People Officer and Stephen Lovejoy has been named Chief Supply Chain Officer, effective immediately. Finn and Lovejoy will report directly to the Chief Executive Officer, Virginia C. Drosos.