Signet Jewelers reports Q2 EPS $1.55, consensus $1.45

Reports Q2 revenue $1.61B, consensus $1.58B. Reports Q2 SSS down 12%. “Our team’s focus on the consumer enabled us to exceed our revenue and bottom-line commitments in the quarter while also advancing our strategic priorities. We remain confident in our ability to achieve our Fiscal 2024 guidance,” said Signet CEO Virginia Drosos. “Our reimagined merchandise assortment and upcoming holiday season initiatives will leverage our investments in innovation, digital capabilities, and data analytics to widen our competitive advantages. We believe the upcoming multi-year recovery of engagements remains on track to begin in the fourth quarter of this year.”