Signet Jewelers Q2 Adj EPS $1.55 Beats $1.45 Estimate, Sales $1.61B Beat $1.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Signet Jewelers (NYSE:SIG) reported Q2 adjusted earnings of $1.55 per share, beating the analyst consensus estimate of $1.45 by 6.9%. However, this is a 42.16% decrease from the same period last year. The company also reported quarterly sales of $1.61 billion, beating the analyst consensus estimate of $1.58 billion by 2.09%, but this is an 8.09% decrease from the same period last year.
August 31, 2023 | 10:54 am
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Signet Jewelers reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While Signet Jewelers beat analyst estimates for Q2 earnings and sales, the year-over-year decrease in both figures could potentially concern investors. This mixed result makes the short-term impact on the stock price uncertain.
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