Shares of Signet Jewelers Ltd. are up about 2% in Thursday’s pre-market session after the company reported projected better-than-expected sales for the fourth quarter, following a robust holiday season. Signet expects to report its 4QFY21 results in March. Signet (SIG) said that its preliminary holiday sales stood at $1.8 billion, flat from the year-ago quarter. While its brick-and-mortar sales dropped 4.1% in the holiday season, e-commerce sales spiked 60.8%. Same-store sales (comps) grew 5.6% during the holiday period. Meanwhile, Signet now expects its 4Q comps to be in the range of 4% to 5%, more than double compared to the 1.8% growth analysts had been looking for.
https://www.tipranks.com/news/signet-expects-upbeat-4q-sales-boosted-by-holiday-demand-shares-gain