Signet Jewelers: Operational Issues Could Restrict Upside
Signet Jewelers’ (SIG) underlying business is showing signs of improvement. The company’s bottom line marked a steep YoY (year-over-year) decline in the first two quarters of fiscal 2019, reflecting operational issues related to credit portfolio outsourcing. Signet Jewelers’ top line is benefitting from its James Allen acquisition and improved sales in the Zales banner.