Why Analysts Expect Signet’s Fiscal First Quarter to Remain Weak

Signet Jewelers (SIG) is expected to announce its fiscal first quarter of 2019 results on Wednesday, June 6. Analysts expect Signet to report sales of $1.4 billion, which is a shade lower sequentially, as benefits from higher sales for Zale are likely to be offset by lower sales in the Sterling division, primarily in the Kay and Jared banners. The planned reduction in net selling space due to store closures further remains a drag on net sales.