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NYA:SIG, Sep 30, 03:17 UTC

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Thursday, July 16


News

Don’t Let Recent momentum Confuse Your Outlook on Hilton Worldwide Holdings Inc. [HLT] – MZP News

SIG

Don’t Let Recent momentum Confuse Your Outlook on Hilton Worldwide Holdings Inc. [HLT]. Hilton Worldwide Holdings Inc. [HLT] stock is up 10.08 while the S&P 500 has risen 0.9% on Wednesday, 07/15/20. While at the time of this article, HLT ATR is sitting at 3.40, with the beta value at 1.28. On 13, July 2020, Hilton Introduces Hilton EventReady with CleanStay, Setting New Standards for Event Cleanliness and Customer Service. On March 18, 2020, BMO Capital Markets Downgrade an Underperform rating and decreased its target amount on this stock from $88 to $55.

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Tuesday, June 09


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Signet Jewelers Ltd (SIG) Q1 2021 Earnings Call Transcript

SIG

I am also hosting an open mic townhall with Signet team members next week, called Signet Speaks Out, with the intention that a frank discussion on race will give us new and meaningful actions we can take to improve within our four walls. We believe that our increasing sales momentum shows that while some of life's moments may physically be on hold, our customers have never needed to celebrate those moments more than now, and Signet is meeting their needs, whenever and wherever they want to shop. We appreciate the incredible agility and urgency of our store teams to implement cleaning protocols to ready our stores for our customers, and to make them continually safe places, for people to shop and try on jewelry. As you know, over the last few years as part of our Path to Brilliance strategy, we've reduced our store footprint by 13%, largely moving out of all D malls and regional banners. We currently have $1.1 billion in cash and equivalents and had negative free cash flow of only $15 million in the quarter. While we never could have anticipated the last few months and the obvious impact on revenue, with stores closed for almost half the quarter, the first two years of our Path to Brilliance transformation, provided us with a strong foundation to rapidly build on.

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Signet Jewelers Reports Q1 Results And Accelerated Digital Focus

SIG

Signet's total sales were $852.1 million, down 40.5%, in the 13 weeks ended May 2, 2020 on a reported basis and down 40.2% on a constant currency basis. eCommerce sales were $164.7 million, up 6.7%, which includes COVID-19 impacts. Brick and mortar same store sales declined 44.6%. North America payment plan participation rate, including both credit and leasing sales, for Q1 was 43.4% versus 50.0% in the prior year first quarter. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties which could cause the actual results to not be realized, including, but not limited to: the negative impacts that the COVID-19 pandemic has had, and will continue to have, on Signet's business, financial condition, profitability and cash flows, the effect of steps we take in response to the pandemic, the severity and duration of the pandemic, including whether there is a "second wave," the pace of recovery when the pandemic subsides and the heightened impact it has on many of the risks described herein, including without limitation risks relating to disruptions in our supply chain, consumer spending and the impact on demand of our products, our level of indebtedness and covenant compliance, availability of adequate capital, our ability to execute our business plans, our lease obligations and relationships with our landlords, and asset impairments; general economic or market conditions; financial market risks, our ability to optimize Signet's transformation initiative; a decline in consumer spending or deterioration in consumer financial position; changes to regulations relating to customer credit, disruption in the availability of credit for customers and customer inability to meet credit payment obligations; our ability to achieve the benefits related to the outsourcing of the credit portfolio sale due to technology disruptions, future financial results and operating results and/or disruptions arising from changes to or termination of the non-prime outsourcing agreement requiring transition to alternative arrangements through other providers or alternative payment options; deterioration in the performance of individual businesses or of the Company's market value relative to its book value, resulting in impairments of long-lived assets or intangible assets or other adverse financial consequences; the volatility of our stock price; the impact of financial covenants, credit ratings or interest volatility on our ability to borrow; our ability to maintain adequate levels of liquidity for our cash needs, including debt obligations, payment of dividends, and capital expenditures as well as the ability of our customers, suppliers and lenders to access sources of liquidity to provide for their own cash needs; changes in our credit rating; potential regulatory changes, global economic conditions or other developments related to the United Kingdom's exit from the European Union; exchange rate fluctuations; the cost, availability of and demand for diamonds, gold and other precious metals; stakeholder reactions to disclosure regarding the source and use of certain minerals; seasonality of Signet's business; the merchandising, pricing and inventory policies followed by Signet and failure to manage inventory levels; Signet's relationships with suppliers and ability to obtain merchandise that customers wish to purchase; the failure to adequately address the impact of existing tariffs and/or the imposition of additional duties, tariffs, taxes and other charges or other barriers to trade or impacts from trade relations; the level of competition and promotional activity in the jewelry sector; the development and maintenance of Signet's OmniChannel retailing and ability to increase digital sales; changes in consumer attitudes regarding jewelry and failure to anticipate and keep pace with changing fashion trends; changes in the supply and consumer acceptance of and demand for gem quality lab created diamonds and adequate identification of the use of substitute products in our jewelry; ability to execute successful marketing programs and manage social media; the ability to optimize Signet's real estate footprint; the ability to satisfy the accounting requirements for "hedge accounting," or the default or insolvency of a counterparty to a hedging contract; the performance of and ability to recruit, train, motivate and retain qualified sales associates; management of social, ethical and environmental risks; the reputation of Signet and its banners; inadequacy in and disruptions to internal controls and systems, including related to the migration to a new financial reporting information technology system; security breaches and other disruptions to Signet's information technology infrastructure and databases; an adverse development in legal or regulatory proceedings or tax matters, including any new claims or litigation brought by employees, suppliers, consumers or shareholders, regulatory initiatives or investigations, and ongoing compliance with regulations and any consent orders or other legal or regulatory decisions; failure to comply with labor regulations; collective bargaining activity; changes in taxation laws, rules or practices in the US and jurisdictions in which Signet's subsidiaries are incorporated, including developments related to the tax treatment of companies engaged in Internet commerce; risks related to international laws and Signet being a Bermuda corporation; difficulty or delay in executing or integrating an acquisition, business combination, major business or strategic initiative; risks relating to the outcome of pending litigation, including risks related to satisfaction of the conditions precedent for our pending securities class action settlement; our ability to protect our intellectual property or physical assets; changes in assumptions used in making accounting estimates relating to items such as extended service plans and pensions; the success of recent changes in Signet's executive management team; or the impact of weather-related incidents, natural disasters, strikes, protests, riots or terrorism, acts of war or another public health crisis or disease outbreak, epidemic or pandemic on Signet's business. For a discussion of these and other risks and uncertainties which could cause actual results to differ materially from those expressed in any forward looking statement, see the "Risk Factors" and "Forward-Looking Statements" sections of Signet's Fiscal 2020 Annual Report on Form 10-K filed with the SEC on March 26, 2020 and quarterly reports on Form 10-Q and the "Safe Harbor Statements" in current reports on Form 8-K filed with the SEC.

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Signet Jewelers: Q1 Earnings Insights

SIG

Shares of Signet Jewelers (NYSE:SIG) decreased 4% in pre-market trading after the company reported Q1 results. Earnings per share were down 2087.50% over the past year to ($1.59), which beat the estimate of ($2.87). Revenue of $852,100,000 declined by 40.50% from the same period last year, which missed the estimate of $879,490,000. Signet Jewelers hasn't issued any revenue guidance for the time being. How To Listen To The Conference Call.

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Scott’s, Coupa rise; Stitch Fix, Signet Jewelers fall

SIG

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:. The maker of garden and lawn products raised its profit and revenue forecasts for the year because of increased demand. The building products company said sales improved significantly in May as businesses started reopening across the nation. The business software company handily beat Wall Street’s fiscal first-quarter earnings forecasts.

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Thursday, March 26


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Signet Jewelers, Bristol-Myers rise

SIG

Signet Jewelers, Bristol-Myers rise. Associated Press{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. The chipmaker reported good fiscal second-quarter financial results and gave investors a solid forecast. The health care products company said it has a rapid antibody blood test available for the virus behind COVID-19. The real estate investment trust pulled its financial forecasts for 2020 because of the impact from the virus pandemic.

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Signet Jewelers Ltd (SIG) Q4 2020 Earnings Call Transcript

SIG

Good morning everyone and welcome to the Signet Jewelers Fourth Quarter Fiscal 2020 Earnings Conference Call. These non-GAAP measures include operating income, effective tax rate and earnings per share. For future discussions of the non-GAAP financial measures, as well as reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures, investors should review the news release posted on Signet's website at www.signetjewelers.com/investors. With that, in the forefront of our minds, it's difficult to transition to a discussion of fourth quarter business results. However, we believe it's important to share how the business performed prior to seeing impact from the COVID-19 pandemic, the actions we have taken since and how we're positioning our company for when the nation begins to emerge from this crisis. Our Signet team is in this together and I have confidence we will emerge as an even stronger united team and company. Since we do not have visibility into the duration of this crisis and the related economic impact, in addition to expense reductions, we are temporarily suspending our cash dividend and have elected to pay the May quarterly dividend on the preference shares in kind, rather than in cash.

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BUZZ-U.S. STOCKS ON THE MOVE-Canadian Solar, Signet Jewelers, Bristol-Myers Squibb, Micron

SIG BMY

BUZZ-U.S. STOCKS ON THE MOVE-Canadian Solar, Signet Jewelers, Bristol-Myers Squibb, Micron | NASDAQ. Wall Street gained more ground on Thursday as the record weekly jobless claims came in below investors' worst fears, but added to the case for more stimulus to combat the economic impact of the coronavirus pandemic..N. At 11:11 ET, the Dow Jones Industrial Average .DJI was up 4.32% at 22,116.14. The top three S&P 500 .PG.INX percentage gainers: ** Carnival Corp <CCL.N>, up 18.5% ** Synchrony Financial <SYF.N>, up 14.4% ** Boeing Co <BA.N>, up 13.9% The top three S&P 500 .PL.INX percentage losers: ** ViacomCBS Inc <VIAC.O>, down 9.2% ** Tyson Foods <TSN.N>, down 3.6% ** Albemarle Corp <ALB.N>, down 3.3% The top three NYSE .PG.N percentage gainers: ** Granite Point Mortgage Trust Inc <GPMT.N>, up 197.8% ** AG Mortgage Investment Trust Inc <MITT.N>, up 114.1% ** MFA Financial Inc <MFA.N>, up 93.4% The top three Nasdaq .PG.O percentage gainers: ** New York Mortgage Trust Inc <NYMTO.O>, up 98.2% ** New York Mortgage Trust Inc <NYMTM.O>, up 96.6% ** New York Mortgage Trust Inc <NYMTP.O>, up 93.5% The top Nasdaq .PL.O percentage loser: ** Astrotech Corp <ASTC.O>, down 22.5% ** J.W. ** Cerecor Inc CERC.O: up 0.2% BUZZ-Rises as co to explore role of inflammatory protein in COVID-19 patients.

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Signet Jewelers Reports Fourth Quarter and Fiscal 2020 Results

SIG

Moreover, we delivered our best overall holiday business performance in four years. As we entered Fiscal 2021, our momentum from holiday continued, including a strong Valentine’s Day selling period, validating that the strategic initiatives and investments we made in the first two years of our Path to Brilliance transformation are delivering results. In addition, we have accessed $900 million from our revolving credit facility, suspended our common dividend, and elected to pay the May quarterly dividend on the preference shares in kind rather than in cash. Transformational cost reductions include using data and analytics to drive marketing efficiencies, significantly reducing discretionary spend, implementing temporary reduced work hours and furloughs across store and Support Center teams, and lowering cash compensation for executives and the Board of Directors. As a prudent measure to increase Signet’s financial flexibility and bolster its cash position, the Company elected to access an additional $900 million from its senior secured asset-based revolving credit facility. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties which could cause the actual results to not be realized, including, but not limited to: the impact of a public health crisis or disease outbreak, epidemic or pandemic, such as the recent novel coronavirus on Signet’s business; general economic or market conditions, financial market risks, or other factors that relate to us, including our ability to optimize Signet's transformation initiative; a decline in consumer spending or deterioration in consumer financial position; changes to regulations relating to customer credit, disruption in the availability of credit for customers and customer inability to meet credit payment obligations; our ability to achieve the benefits related to the outsourcing of the credit portfolio sale due to technology disruptions, future financial results and operating results and/or disruptions arising from changes to or termination of the non-prime outsourcing agreement requiring transition to alternative arrangements through other providers or alternative payment options; deterioration in the performance of individual businesses or of the Company's market value relative to its book value, resulting in impairments of fixed assets or intangible assets or other adverse financial consequences; the volatility of our stock price; the impact of financial covenants, credit ratings or interest volatility on our ability to borrow; changes in our credit rating; potential regulatory changes, global economic conditions or other developments related to the United Kingdom’s exit from the European Union; exchange rate fluctuations; the cost, availability of and demand for diamonds, gold and other precious metals; stakeholder reactions to disclosure regarding the source and use of certain minerals; seasonality of Signet’s business; the merchandising, pricing and inventory policies followed by Signet and failure to manage inventory levels; Signet’s relationships with suppliers and ability to obtain merchandise that customers wish to purchase; the failure to adequately address the impact of existing tariffs and/or the imposition of additional duties, tariffs, taxes and other charges or other barriers to trade or impacts from trade relations; the level of competition and promotional activity in the jewelry sector; the development and maintenance of Signet’s OmniChannel retailing and ability to increase digital sales; changes in consumer attitudes regarding jewelry and failure to anticipate and keep pace with changing fashion trends; changes in the supply and consumer acceptance of and demand for gem quality lab created diamonds and adequate identification of the use of substitute products in our jewelry; ability to execute successful marketing programs and manage social media; the ability to optimize Signet’s real estate footprint; the ability to satisfy the accounting requirements for "hedge accounting," or the default or insolvency of a counterparty to a hedging contract; the performance of and ability to recruit, train, motivate and retain qualified sales associates; management of social, ethical and environmental risks; the reputation of Signet and its banners; inadequacy in and disruptions to internal controls and systems, including related to the migration to a new financial reporting information technology system; security breaches and other disruptions to Signet’s information technology infrastructure and databases; and an adverse development in legal or regulatory proceedings or tax matters, any new regulatory initiatives or investigations, and ongoing compliance with regulations and any consent orders or other legal or regulatory decisions; failure to comply with labor regulations; collective bargaining activity; changes in taxation laws, rules or practices in the US and jurisdictions in which Signet’s subsidiaries are incorporated, including developments related to the tax treatment of companies engaged in Internet commerce; risks related to international laws and Signet being a Bermuda corporation; difficulty or delay in executing or integrating an acquisition, business combination, major business or strategic initiative; risks relating to the outcome of pending litigation, including risks related to satisfaction of the conditions precedent for our pending securities class action settlement and timing and precise amount of the liability funding and related insurance reimbursement; our ability to protect our intellectual property or physical assets; changes in assumptions used in making accounting estimates relating to items such as extended service plans and pensions; the success of recent changes in Signet’s executive management team; or the impact of weather-related incidents, natural disasters or terrorism and acts of war on Signet’s business. For a discussion of these and other risks and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statement, see Item 1A, Risk Factors, and elsewhere in the Annual Report on Form 10-K. Signet undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law.

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Signet Jewelers, Bristol-Myers rise

SIG

Signet Jewelers, Bristol-Myers rise. Associated Press{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. The chipmaker reported good fiscal second-quarter financial results and gave investors a solid forecast. The health care products company said it has a rapid antibody blood test available for the virus behind COVID-19. The real estate investment trust pulled its financial forecasts for 2020 because of the impact from the virus pandemic.

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