Signet Crushes Q1 Estimates, but Earnings Take a Plunge
Signet Jewelers (SIG) reported better-than-expected fiscal Q1 2019 results (the period ended on May 5). Signet reported total sales of $1.5 billion, which exceeded analysts’ expectation of $1.4 billion and increased 5.5% on a YoY (year-over-year) basis. Meanwhile, Signet’s adjusted EPS came in at $0.10 in fiscal Q1 2019, which reflects a steep decline from the prior-year period wherein it reported adjusted EPS of $1.03.