=Signet Jewelers (SIG) reported earnings on Thur 30 August 2018 (b/o)

Signet Jewelers beats by $0.34, beats on revs, SSS +1.7%; issues mixed Q3 gudiance; raises FY19 guidance; CFO stepping down 

• Reports Q2 (Jul) earnings of $0.52 per share, excluding non-recurring items, $0.34 better thanthe S&P Capital IQ Consensus of $0.18; revenues rose 1.5% year/year to $1.42 bln vs the $1.34 bln S&P Capital IQ Consensus.
• Same store sales ("SSS") up 1.7% versus prior year quarter
• Co issues mixed guidancefor Q3, sees EPS of ($1.23-1.08), excluding non-recurring items, vs. ($1.07) S&P Capital IQ Consensus; sees Q3 revs of $1.15-1.17 bln vs. $1.14 bln S&P Capital IQ Consensus; sees SSS down 1.5% to flat
• Co raises guidancefor FY19, sees EPS of $4.05-4.40 (Prior $3.75-4.25), excluding non-recurring items, vs. $4.08 S&P Capital IQ Consensus; sees FY19 revs of $6.2-6.3 bln (Prior $5.9-6.1 bln) vs. $6.13 bln S&P Capital IQ Consensus; sees SSS down 1.5% to flat (Prior down low to mid-single digit %)
• The co also announced that Chief Financial Officer Michele Santana will leave the company in 2019 after eight years of service to pursue other opportunities. Signet has initiated an external executive search and expects to appoint a new CFO by the end of the company's fiscal year. Santana will continue as CFO until her successor is appointed and will remain with Signet in an advisory role until next year to ensure a smooth transition.