Signet CEO sees more strength ahead for online jewelry sales, which doubled in latest quarter [MSNBC.com]
Signet Jewelers Limited Common Shares (SIG)
Last signet jewelers limited common shares earnings: 3/26 06:50 am
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Source: MSNBC.com
Signet Jewelers"I think the pandemic has changed customer shopping behavior forever. We're seeing a lot more customers come to us online, even if not to purchase, to look at selection, to become educated," Drosos said on"Closing Bell."It is translating into digital sales, to be sure. Earlier Thursday, the owner of Zales and Kay Jewelers reported e-commerce revenue of $346.3 million in the quarter ending May 1, an increase of 110% compared with the same period a year ago. It's also up about 125% compared withthe same quarter two years agoSignet's overall sales for the 2022 fiscal first quarter checked in at $1.69 billion, beating Wall Street expectations of $1.62 billion. Per-share earnings of $2.23 topped analyst forecasts of $1.27."Our transformation plan is working," said Drosos, who has served as Signet CEOsince 2017Procter & GambleDrosos said Signet has taken a range of steps to capture share of the online jewelry market."We added during the pandemic more than 700 virtual jewelry
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SIG
Earnings
- 3/20/24 - Beat
SIG
Sec Filings
- 4/23/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- SIG's page on the SEC website