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 story : Signet Jewelers stock surges after revenue, same-store outlook raised #FinanceUSA #StockMarketNEWS Shares of Signet Jewelers Ltd. surged 3.1% in premarket trading Monday, after the diamond jewelry

@stockMarketNEWS Tue 13 Apr, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Signet Jewelers stock surges after revenue, same-store outlook raised #FinanceUSA #StockMarketNEWS
Shares of Signet Jewelers Ltd. surged 3.1% in premarket trading Monday, after the diamond jewelry retailer raised its sales outlook, citing stronger-than-expected conversion and average ticket. The company raised its revenue guidance range for the first quarter to .57 billion to .60 billion from .42 billion to .46 billion and for the full fiscal year to .00 billion to .14 billion from .85 billion to .00 billion. The FactSet consensus for the first quarter is .45 billion and for the year is .00 billion. The company now expects first-quarter same-store sales growth of 97% to 99%, up from previous guidance of up 80% to 84%, and raised its same-store sales guidance for the year to 17% to 20% from 14% to 17%. "The Company believes this topline strength is likely due to a combination of traction from strategic initiatives as well as tailwinds from stimulus, tax refunds and consumer enthusiasm on the heels of vaccine rollouts - particularly during the Company's guest appreciation events in late March," the company said in a statement. The stock has soared 124.0% year to date through Friday, while the S&P 500 has gained 9.9%.


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