NYSE$SIG

Signet Jewelers LTD · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Signet reported strong sales growth in Q3 driven by Path to Brilliance execution and OmniChannel growth.

Signet Jewelers reported a strong third quarter with total sales of $1.3 billion, up 9.5% year over year. Same store sales increased by 15.1%, and eCommerce sales grew by 71.4%. The company's Path to Brilliance strategy and investments in technology and talent have enabled it to capture pent-up demand and drive early holiday shopping.

  • Q3 same store sales increased by 15.1%.
  • eCommerce sales grew by 71.4% year over year.
  • GAAP earnings per share was $0.02, including pre-tax restructuring and impairment charges of $0.14.
  • Non-GAAP diluted EPS was $0.11.

Headline financials

Total Revenue

$1.3B

Previous: $1.19B+9.5%
EPS (adj)

$0.11

Previous: -$0.76+114.5%
Same-store sales growth

15.1%

Previous: 2.1%+619.0%
Capital Expenditures

-$41.1M

Previous: -$95.3M+56.9%
Free Cash Flow

-$31.8M

Previous: -$131M+75.7%
Net Income

$9.3M

Previous: -$35.5M+126.2%
Operating Income

$39.7M

Previous: -$39.9M+199.5%
Gross Profit

$435M

Previous: $368M+18.2%
Cash & Equivalents

$1.33B

Previous: $189M+606.6%
Total Assets

$6.53B

Previous: $6.1B+7.1%
Stock-Based Comp

$3.3M

Previous: $4.7M-29.8%

Revenue & EPS history

Signet · Revenue · Quarterly

$1.3B

Q3 2021+9.5%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Signet · $2.15B total across 3 segments · Q4 2020

  • North America
    $1.95B
  • International
    $186M
  • Other
    $13.3M

Forward guidance

Through November 30, fourth quarter to date preliminary SSS were up approximately 3% to last year. The Company is not providing financial guidance at this time and believes COVID-related issues will have a more significant negative effect in December vs. November.

Headwinds

  • Weak retail store traffic trends.
  • COVID social distancing capacity constraints.
  • Store closures due to virus trends.
  • SSS for the Thanksgiving weekend through Monday were down low single digits.
  • The Company believes SSS could be negatively impacted in December as a result of weaker retail store traffic trends, COVID social distancing capacity constraints, and store closures due to virus trends.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+1.4%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.8%

Avg return

30 days after

57%

39 / 68 earnings

Positive

+27.6%

Q3 2023

Best reaction

-30.1%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+13.0%-9.4%-0.3%
Q3 2026-7.2%-13.3%-13.4%
Q2 2026+2.2%+6.4%+11.9%
Q1 2026+12.2%+16.3%+25.8%
Q4 2025+17.3%+26.9%+14.7%
Q3 2025-7.0%-14.1%-21.6%
Q2 2025+16.7%+19.8%+23.1%
Q1 2025-19.6%-15.8%-18.8%
Q4 2024-12.2%-7.2%-6.8%
Q3 2024+12.4%+14.7%+16.5%
Q2 2024+10.0%+4.3%+0.5%
Q1 2024-13.9%-15.7%-1.4%
Q4 2023+8.0%+10.0%+9.0%
Q3 2023+27.6%+18.1%+16.1%
Q2 2023-15.6%-18.2%-12.5%
Q1 2023-0.9%-1.8%-10.5%
Q4 2022+3.1%+6.4%-0.2%
Q3 2022-9.1%-3.9%-6.4%
Q2 2022+3.3%-3.3%+1.1%
Q1 2022+22.5%+21.6%+25.5%
Q4 2021+2.7%-8.8%+6.9%
Q3 2021-1.8%-5.1%-8.5%
Q2 2021+3.7%-3.7%+4.9%
Q1 2021-27.2%-32.9%-40.1%
Q4 2020+7.8%-12.0%+3.8%
Q3 2020+23.6%+24.9%+14.4%
Q2 2020+27.5%+53.0%+47.6%
Q1 2020+1.6%+2.0%-10.9%
Q4 2019+2.4%-6.1%-16.3%
Q3 2019-22.9%-30.7%-30.7%
Q2 2019+17.5%+15.6%+20.6%
Q1 2019+22.1%+28.0%+33.6%
Q4 2018-21.6%-17.6%-19.4%
Q3 2018-30.1%-34.3%-26.5%
Q2 2018+20.8%+21.0%+24.1%
Q1 2018-9.6%-12.2%+7.1%
Q4 2017+8.4%+5.3%+5.9%
Q3 2017+5.6%+4.7%+5.1%
Q2 2017-15.5%-16.3%-17.3%
Q1 2017-8.1%-8.7%-24.3%
Q4 2016+4.0%
Q3 2016-3.7%
Q2 2016+15.1%
Q1 2016-2.9%
Q4 2015+7.1%
Q3 2015+5.2%
Q2 2015+9.1%
Q1 2015+4.7%
Q4 2014+7.7%
Q3 2014+0.9%
Q2 2014-4.9%
Q1 2014-2.4%
Q4 2013+6.8%
Q3 2013-2.7%
Q2 2013-2.0%
Q1 2013-7.3%
Q4 2012-3.5%
Q3 2012-3.8%
Q2 2012+6.5%
Q1 2011+5.7%
Q1 2012-1.8%
Q4 2009+2.7%
Q4 2011+2.7%
Q3 2011+0.4%
Q3 2010+0.4%
Q2 2010-6.0%
Q4 2010-6.0%
Q2 2011-6.0%

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