Signet Jewelers Limited Announces Sales Results for the Nine Weeks and Forty Eight Weeks Ended December 29, 2012; Provides Earnings Guidance for the Fourth Quarter and Fiscal Year Ending February 2, 2013; Declares Dividend for the Fourth Quarter of Fiscal 2013, Payable on February 27, 2013
January 08, 2013 at 12:00 pm
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Signet Jewelers Limited announced sales results for the nine weeks and forty eight weeks ended December 29, 2012. For the nine week period, the company reported total sales of $1,237.6 million, including $37.0 million of Ultra sales, increased 7.1% compared to an increase of 7.5% in the nine weeks ended December 31, 2011. Same store sales increased 3.3% compared to 7.8% in the comparable nine weeks. Consolidated eCommerce sales increased by 39%, comprised of a 49% increase in the US division and an 8% increase in the UK division.
For the forty eight week period, the company reported total sales of $3,707.7 million, including $37.0 million of Ultra sales, increased 4.4% compared to an increase of 9.6% in the 48 weeks ended December 31, 2011. Same store sales increased 3.2% compared to 9.4% in the comparable 48 weeks. Consolidated eCommerce sales increased by 37%, comprised of a 44% increase in the US division and a 14% increase in the UK division.
The company provided earnings guidance for the fourth quarter and fiscal year ending February 2, 2013. The company announced that diluted earnings per share for the fourth quarter are currently projected at $2.05 to $2.10.
The company announced that diluted earnings per share for the fiscal year are projected at $4.28 to $4.33. Capital spending for the fiscal 2013 is anticipated to be $138 million to $142 million reflecting current estimates of project timing.
The company announced that a quarterly cash dividend of $0.12 per common share has been declared for the fourth quarter of fiscal 2013, payable on February 27, 2013 to shareholders of record on January 28, 2013, with an ex-dividend date of January 24, 2013.
Signet Jewelers Ltd is a Bermuda-based holding company. The Company is a retailer of diamond jewelry. Its segments include North America, International and Other. The North America segment operates across the United States and Canada. Its United States stores operate nationally in malls and off-mall locations, as well as online, principally as Kay (Kay Jewelers and Kay Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared The Galleria Of Jewelry and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and digital banners, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewellers. The International segment operates stores in the United Kingdom, Republic of Ireland and Channel Islands, as well as online. Its stores operate in shopping malls and off-mall locations principally under the H. Samuel and Ernest Jones banners. Other segment consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
Signet Jewelers Limited Announces Sales Results for the Nine Weeks and Forty Eight Weeks Ended December 29, 2012; Provides Earnings Guidance for the Fourth Quarter and Fiscal Year Ending February 2, 2013; Declares Dividend for the Fourth Quarter of Fiscal 2013, Payable on February 27, 2013