×
91 480
Fashion Jobs
H&M
842 Area Visual Manager
Permanent · LOS ANGELES
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Short Hills
Permanent · MILLBURN
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · COSTA MESA
COLUMBIA SPORTSWEAR COMPANY
Regional Loss Prevention Manager (Northwest-us)
Permanent · SALEM
COLUMBIA SPORTSWEAR COMPANY
Operations Manager - Swing Shift
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chestnut Hill
Permanent · NEWTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chevy Chase
Permanent · CHEVY CHASE
BLOOMINGDALE'S
Asset Protection Detective, Full Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Huntington
Permanent · HUNTINGTON STATION
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Dolphin Mall
Permanent · MIAMI
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Jersey Gardens
Permanent · ELIZABETH
BLOOMINGDALE'S
Wedding & Gift Registry Consultant, Full Time, Norwalk
Permanent · NORWALK
BLOOMINGDALE'S
Manager, Sales - Women's Ready to Wear/Shoes: Norwalk
Permanent · NORWALK
BLOOMINGDALE'S
Manager, Sales - Mens Shoes
Permanent · NEW YORK
BLOOMINGDALE'S
Senior Art Director, Photo
Permanent · NEW YORK
BLOOMINGDALE'S
sr. Director, HR Business Partner - Marketing/Creative/Finance/Support
Permanent · NEW YORK
BLOOMINGDALE'S
Asset Protection Outlet Visual Security Officer, Part Time: Park Lane
Permanent · DALLAS
BLOOMINGDALE'S
Outlet Keyholder Selling, Full Time, Livermore
Permanent · LIVERMORE
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Soho
Permanent · NEW YORK
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Roosevelt Field
Permanent · GARDEN CITY
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Beverly Center
Permanent · LOS ANGELES
Published
Sep 2, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Signet reports quarterly sales, profit decline, reaffirms full-year guidance

Published
Sep 2, 2022

Signet Jewelers Limited announced on Thursday revenues for the second quarter dipped 1.9%, on the back of a dive in comparable store sales and international segment revenues.

Zales


The Hamilton, Bermuda-based company said total sales for the quarter were $1.8 billion, down $33.2 million or 1.9%, following record second-quarter sales in the prior year, while total same-store sales were down 8.2%.

By region, total sales in North America reached $1.6 billion, down 1.8%, brought down by an 8.7% decline in same-store sales, reflecting higher average transaction value, but a lower number of transactions, the company said.

International sales plunged 14.6% to f $111.6 million, while same-store sales declined 1.5%.

For the three months ending July 30, Signet reported diluted earnings per share of $2.58, down compared to $3.60 in the prior-year period.

"Signet's focus on gaining market share, driving further operating efficiencies, and building capabilities that are true competitive advantages, is putting us in a position to deliver long-term growth and increase shareholder value," said Virginia Drosos, chief executive officer.

"Our results demonstrate the continued agility of our Signet team, the strength of our differentiated banner portfolio, and the flexibility of our operating model. This is all underpinned by a balance sheet that enables us to continue to make strategic investments such as our recent acquisition of Blue Nile."

Looking ahead, the company reaffirmed its fiscal 2023 guidance, adding it still expects revenue to sit between $1.46 billion and $1.49 billion with diluted earnings per share of $7.60 to $7.70 for the year.

Signet operates approximately 2,800 stores under the name brands of Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds Direct, JamesAllen.com, Blue Nile, Peoples, H. Samuel, Ernest Jones and the jewelry subscription service, Rocksbox.  

Copyright © 2022 FashionNetwork.com All rights reserved.