Signet Jewelers Q4 EPS beats; announces $350M cost out, raises buyback and dividend

SIGNET JEWELERS LTD

2024-FY EPS reported $15.01 revenue$7,171,100,000

Q4 total sales $2.5B, down 6.3% YoY; same store sales down 9.6%.
GAAP diluted EPS $11.75 (incl. $4.94 deferred tax benefit); non-GAAP diluted EPS $6.73.
Announces $350M cost out initiative over next 3 years; expects $150M-$180M savings in FY2025.
Share repurchase authorization raised to $850M (from ~$650M); common dividend increased 26%.
Cash $1.4B; free cash flow exceeded $600M for 4th consecutive year excluding legal 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 0.95

SIGNET JEWELERS LTD reported the fourth quarter ended February 3, 2024 results: revenue $2.5 billion, EPS $11.75.

Period: the fourth quarter ended February 3, 2024
Revenue: $2.5 billion
EPS: $11.75
Result: reported results

Exact text from the filing

continuing cost diligence to drive operating income, including $150 million to $180 million in cost savings this year." Fourth Quarter Fiscal 2024 Highlights: • Total sales of $2.5 billion, down $168.6 million or 6.3% (down 6.6% (2) on a constant currency basis) to Q4 of FY23.This includes $103.2 million of sales from the Company’s 53rd week, partially offset by

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Source: SEC EDGAR

accession 0000832988-24-000076

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