Signet Q2 FY2024 beat expectations; sales $1.6B (-8.1%), GAAP EPS $1.38, reaffirms outlook

SIGNET JEWELERS LTD

2024-Q2 EPS reported $3.17 revenue$3,281,600,000

Sales $1.6B, down 8.1% YoY; same store sales down 12.0%.
GAAP operating income $90.2M, down $96.6M; non-GAAP operating income $102.7M.
GAAP diluted EPS $1.38 vs $2.58 prior year; non-GAAP EPS $1.55 vs $2.68.
Reaffirms full-year revenue and non-GAAP operating income guidance; raises EPS guidance due to share repurchases.
Repurchased $43.3M (~0.7M shares) in Q2; cash $690.2M at quarter end.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SIGNET JEWELERS LTD reported second quarter ended July 29, 2023 (13 weeks) results: revenue Sales of $1.6 billion, EPS GAAP diluted earnings per share ("EPS") of $1.38. Guidance reaffirmed.

Period: second quarter ended July 29, 2023 (13 weeks)
Revenue: Sales of $1.6 billion
EPS: GAAP diluted earnings per share ("EPS") of $1.38
Guidance: reaffirmed
Result: reported results

Exact text from the filing

savings initiatives of $225 to $250 million are on track, and our core inventory is healthy at 20% below pre-pandemic levels." Second Quarter Fiscal 2024 Highlights: • Sales of $1.6 billion, down $141.3 million or 8.1% (down 8.2% (1) on a constant currency basis) to Q2 of FY23. • Same store sales (“SSS”) (2) down 12.0% to Q2 of FY23. • GAAP operating income of $90.2

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Source: SEC EDGAR

accession 0000832988-23-000211

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