earnings
confidence high
sentiment positive
materiality 0.80
Signet Q1 revenue up 8.9%, non-GAAP EPS $2.86 vs $2.23; $500M buyback authorization added
SIGNET JEWELERS LTD
2023-Q1 EPS reported
-$1.89
revenue$1,838,300,000
- Total sales $1.84B (+8.9% YoY); same-store sales +2.5%; non-GAAP operating margin 10.6% (up from 10.0%).
- Non-GAAP diluted EPS $2.86 (vs $2.23 prior year); GAAP loss of $1.89 per share due to $190M litigation charge and pension buy-out.
- Completed $318.2M share repurchases in Q1; board expanded buyback authorization by $500M to approx $645M remaining.
- Reaffirmed FY2023 guidance: revenue $8.03-8.25B, non-GAAP EPS $12.72-13.47, capex up to $250M.
- Quarterly dividend $0.20 per share declared, payable Aug 26 to holders of record Jul 29.