Signet Jewelers reports Q3 EPS 24c, consensus 18c

Reports Q3 revenue $1.39B, consensus $1.39B. Reports Q3 SSS down 11.8%. “We delivered earnings on the high end of our expectations driven by continued progress on our strategic goals. We believe our extensive consumer insights provide a competitive advantage that has contributed to continued bridal market share gains and consistency in average transaction value again this quarter,” said Signet CEO Virginia Drosos. “Trends through Black Friday weekend, including sequential improvement in engagement trends, are performing in line with guidance expectations for the fourth quarter. As we enter the holiday season, jewelry remains a top of mind gifting category for consumers in a value conscious shopping environment.”