Signet Q3 non-GAAP EPS $0.74 beats guidance; raises FY23 outlook including Blue Nile

SIGNET JEWELERS LTD

2023-Q3 EPS reported $1.49 revenue$5,175,900,000

Q3 total sales $1.58B (+2.9% YoY); non-GAAP op income $57.9M; same-store sales -7.6%.
Non-GAAP diluted EPS $0.74 (vs $1.43); GAAP diluted EPS $0.60.
Raised FY23 guidance: sales $7.77-7.84B, non-GAAP op income $809-850M, diluted EPS $11.40-12.00.
Cash $327.3M, down ~$1.2B YoY due to share repurchases, inventory replenishment, and acquisitions.
Declared $0.20/share quarterly dividend (payable Feb 24); YTD share repurchases $393M at avg $70.28.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIGNET JEWELERS LTD reported third quarter ended October 29, 2022 results: revenue $1.6 billion, EPS $0.60. Guidance raised.

Period: third quarter ended October 29, 2022
Revenue: $1.6 billion
EPS: $0.60
Guidance: raised
Result: reported results

Exact text from the filing

Third Quarter Fiscal 2023 Highlights: • Total sales were $1.6 billion, up $44.9 million or 2.9% (up 4.2% (2) on a constant currency basis) to unusually heightened sales in Q3 of FY22, resulting in part from government benefit programs and the Company's strategic transformation including marketing initiatives, and up 33.3% vs. Q3 of FY20. • Same store sales (“SSS”) down 7.6% (1) to Q3 of FY22. • GAAP operating income of $48.4 million, down from $106.9 million in Q3 of FY22 and up from a loss of $39.9 million in Q3 of FY20. Q3 FY23 includes $9.5 million related to the fair value adjustment of acquired inventory as well as acquisition and integration-related charges. • Non-GAAP operating income (2) of $57.9 million, down from a historic peak of $105.2 million in Q3 of FY22 and up from a loss of $29.3 million in Q3 of FY20. The Company notes that in the two years prior to the pandemic, the third quarter generated operating losses. • GAAP diluted earnings per share ("EPS") of $0.60, down fr

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Source: SEC EDGAR

accession 0000832988-22-000202

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