Signet Jewelers has increased its fiscal 2022 first quarter and full-year guidance owing to stronger-than-expected conversion and average ticket values in the first quarter.<\/p>\n\n\n\n
It believes that 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 \u2013 particularly during the company’s guest appreciation events in late March.<\/p>\n\n\n\n
In addition, Signet has evaluated the impact of inventory delays related to recent Covid-19 surges in India and other parts of the world.<\/p>\n\n\n\n
\u201cAt this time, the company believes it has mitigated these short-term impacts; however, if the duration and magnitude of these inventory slowdowns intensify, there could be future negative impacts on the company’s full year guidance,\u201d it cautioned.<\/p>\n\n\n\n
The company now expects Q1 revenue between $1.42 to $1.46 billion and full-year revenue of $5.85 to $6 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Signet Jewelers has increased its fiscal 2022 first quarter and full-year guidance owing to stronger-than-expected conversion and average ticket values in the first quarter. It believes that 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…<\/p>\n","protected":false},"author":1,"featured_media":8129,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-8128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n