Signet Jewelers Q1 sales $1.7B (-9.3%); adjusted EPS $1.78 vs $2.86; guidance revised down

SIGNET JEWELERS LTD

2024-Q1 EPS reported $1.79 revenue$1,668,000,000

Sales $1.7B, down 9.3% YoY (8.7% constant currency); same-store sales down 13.9%.
GAAP diluted EPS $1.79 (vs -$1.89); non-GAAP diluted EPS $1.78 (vs $2.86).
Non-GAAP operating income $106.5M, down from $194.6M; GAAP OI $101.7M includes $7.8M integration.
FY cost savings target raised to $225-250M; guidance revised to reflect worsening macro and softer Mother's Day.
Cash $655.9M; repurchased $39.1M shares in Q1; paid ~$201M litigation settlements.

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 first quarter ended April 29, 2023 results: revenue $1.7 billion, EPS $1.79.

Period: first quarter ended April 29, 2023
Revenue: $1.7 billion
EPS: $1.79
Result: reported results

Exact text from the filing

Sales of $1.7 billion, down $170.3 million or 9.3% (down 8.7% (1) on a constant currency basis) to Q1 of FY23.

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Source: SEC EDGAR

accession 0000832988-23-000149

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