Signet CEO sees more strength ahead for online jewelry sales, which doubled in latest quarter [CNBC]
Signet Jewelers Limited Common Shares (SIG)
Last signet jewelers limited common shares earnings: 3/26 06:50 am
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Source: CNBC
The jewelry retailer has responded accordingly by investing heavily in improving its e-commerce operations, Drosos said. Shares of Signet rose 14% on Thursday after the company beat Wall Street expectations on quarterly sales and per-share earnings. In this article Signet Jewelers CEO Gina Drosos expressed optimism Thursday around the company’s investments in e-commerce, telling CNBC she expects them to pay off even after the Covid pandemic passes. “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 with the same quarter two years ago, before t
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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