Signet Jewelers Q3 Sales Outlook $1.345B-$1.380B vs $1.35B Est
Portfolio Pulse from Benzinga Newsdesk
Signet Jewelers has released its Q3 sales outlook, projecting total sales between $1.345 billion and $1.380 billion, slightly below the $1.35 billion estimate. Same store sales are expected to range from -1.0% to +1.5%. Adjusted operating income is forecasted between $8 million and $25 million, with adjusted EBITDA between $55 million and $72 million.
September 12, 2024 | 11:07 am
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Signet Jewelers' Q3 sales outlook is slightly below estimates, with total sales projected between $1.345 billion and $1.380 billion. Same store sales are expected to range from -1.0% to +1.5%.
The sales outlook is slightly below the market estimate, which could lead to a neutral short-term impact on the stock price. The range for same store sales indicates potential stability, but the lower end suggests possible challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100