Signet Jewelers stock rises after a mixed earnings report, with Q1 results showing a fall in same-store sales by 8.9%. The CEO mentioned notable acceleration in performance from February to May. Earnings include diluted EPS of -$0.90 and adjusted diluted EPS of $1.11 on revenue of $1.5 billion, down 9.4% YoY. Concerns raised about lab diamonds affecting profits and sales agreements.
$SIG Wonder why @SignetJewelers CEO Virginia Drosos recently increased her 10-b5-1 plan from 10K to 45K shares a month Yet according to Drosos biz is strong & hasn’t been affected by of lab grown diamonds oversupply which has significantly also affected prices of real diamonds https://t.co/JTBAdvNP0Z https://t.co/DpGhfwnU4O
Signet Jewelers $SIG Earnings: - Diluted EPS of -$0.90 - Adjusted Diluted EPS of $1.11 - Revenue of $1.5 billion (-9.4% YoY) "Our results reflect notable acceleration from a sluggish February to the top half of expectations, with an even stronger May,” said Signet Chief… https://t.co/l2xi2kmbi4
$SIG is trying soooo hard to spin yet another weak quarter. 1. Lab Diamonds are eating profits 2. Extended Sales Agreements (ESA’s) are coming down 3. Digital aka Lab Diamonds @BlueNileDiamond = Disaster 4. Warned or further biz slowing @SignetJewelers should rerate lower! https://t.co/M8PKIUWHHw https://t.co/RQJP8Snjcf
Signet Jewellers CEO: "Our results reflect notable acceleration from a sluggish February to the top half of expectations, with an even stronger May" $SIG: -7.7% Pre-Market https://t.co/iTEwyrEurT
$SIG (-1.1% pre) Signet Q1 results weigh on shares as same store sales fall 8.9% - SA https://t.co/xW3KwKCZZI
Signet Jewelers Stock Rises After Mixed Earnings Report https://t.co/ARfYrfQfaf