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Stock impact report

Stock of Kay and Zales' parent climbs over 40% on holiday sales growth [CNNMoney.com]

JC PENNEY (JCP) 
Last jc penney earnings: 2/27 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jcpenney.com
Company Research Source: CNNMoney.com
Stock of Kay and Zales' parent climbs over 40% on holiday sales growth New York (CNN Business) Jewelry retailer Signet's stock climbed about 40% on Thursday after the company reported surprisingly strong year-over-year holiday sales growth and raised its guidance. The owner of Kay, Zales and other popular mid-range jewelry vendors registered a 1.6% bump in same-store sales and a 13.5% jump in online transactions for the three months ended January 4, Signet said in a statement. Signet ( SIG ) , whose brands are ubiquitous in malls , also said it expects same-store sales to increase by 0.1% in fiscal year 2020, scrapping previous guidance that forecast a decline of 1% to 1.7%. Total sales should hit $6.1 billion, up from prior projections of $6.01 billion to $6.05 billion, according to the statement. Thursday's results are a marked change from the company's 2018 holiday sales performance, when same-store sales decreased by 2% and e-commerce grew by 5.4% year-over-year. Show less Read more
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