Signet Jewelers Holiday Season Same Store Sales Increase 3.3%,

Signet Jewelers Holiday Season Same Store Sales Increase 3.3%, Led by
Signet's US Division up 4.7% 
Q4 Fiscal 2013 EPS Expected to Increase 15% - 17% Over Prior Year 
HAMILTON, BERMUDA -- (Marketwire) -- 01/08/13 --  Signet Jewelers Ltd
("Signet") (NYSE: SIG) (LSE: SIG), the largest specialty retail
jeweler in the US and the UK, today announced its sales for the nine
weeks ended December 29, 2012 ("Holiday Season") and guidance for the
14 weeks ending February 2, 2013 ("Fourth Quarter"). 


 
                                                                            
Same Store Sales                                                            
                                                    Ended December 29, 2012 
                                                      9 weeks     48 weeks  
                                                   -------------------------
    Kay                                                 up 5.8%      up 6.4%
    Jared                                               up 4.8%      up 1.2%
    Regional Brands                                   down 4.0%    down 3.2%
                                                   -------------------------
    US Division                                         up 4.7%      up 3.9%
          
                                         -------------------------
    H.Samuel                                          down 0.5%      up 0.4%
    Ernest Jones                                      down 5.5%      up 0.1%
                                                   -------------------------
    UK division                                       down 2.6%      up 0.3%
                                                   -------------------------
    Signet                                              up 3.3%      up 3.2%

 
Mike Barnes, Chief Executive Officer, commented: "We are pleased with
our Holiday Season performance in both sales and margins. Same store
sales were up 3.3%, led by the US division up 4.7%. We believe our
strong performance was due to exceptional execution by our teams. I
would like to thank them all very much for their dedication and hard
work. 
We saw particularly strong performance in the weeks and days leading
up to Christmas. Business trends continue to be encouraging in the US
and have improved in the UK after the Holiday Season. During the
Holiday Season in the US we experienced broad based strength across
our merchandise offerings led by our initiatives in bridal, branded
and exclusive merchandise, colored diamonds, fashion jewelry and
watches. In the UK watches and branded jewelry were the strongest
performers. 
Our performance is built on the long term competitive strengths of
the business, including the great customer experience which our teams
deliver, the strength of our merchandise, our continued investment in
advertising to support our store concepts and merchandising
initiatives, and our US customer finance programs, which are highly
effective in supporting our customers' jewelry purchases. In
addition, we are pleased with the pace and effectiveness of the Ultra
Stores integration; and the results continue to be in-line with our
expectations. 
We believe that Signet is well-positioned for Fiscal 2014 and we will
remain focused on providing our customers with an outstanding
experience, while continuing to invest in the business to further our
competitive strengths and create shareholder value." 
Fiscal 2013 Guidance Update: 


 
--  Diluted earnings per share for the Fourth Quarter are currently
    projected at $2.05 to $2.10. Diluted earnings per share for the 53
    weeks ending February 2, 2013 ("Fiscal 2013") are projected at $4.28
    to $4.33.
    
    
--  Capital spending for Fiscal 2013 is anticipated to be $138 million to
    $142 million reflecting current estimates of project timing. In
    addition to the Ultra Stores, Inc ("Ultra") acquisition, we anticipate
    48 new US-based stores for the year.

  
Sales Performance for the 9 Weeks ended December 29, 2012 


 
--  In the nine week period ended December 29, 2012, total sales of
    $1,237.6 million, including $37.0 million of Ultra sales, increased
    7.1% compared to an increase of 7.5% in the nine weeks ended December
    31, 2011 ("the comparable nine weeks"). Same store sales increased
    3.3% compared to 7.8% in the comparable nine weeks. Consolidated
    eCommerce sales increased by 39%, comprised of a 49% increase in the
    US division and an 8% increase in the UK division.
    
    
    --  In the nine week period ended December 29, 2012, the US division's
        total sales of $1,034.2 million, including $37.0 million of Ultra
        sales, increased 9.9% compared to an increase of 9.2% in the
        comparable nine weeks. Same store sales increased 4.7% led by both
        Kay and Jared compared to an increase of 9.2% in the comparable
        nine weeks.
        
        
    --  In the nine week period ended December 29, 2012, the UK division's
        total sales
 of $203.4 million decreased 5.0% compared to an
        increase of 0.9% in the comparable nine weeks. Same store sales in
        the UK were down 2.6% compared to an increase of 1.8% in the
        comparable nine weeks. The business strengthened late into the
        Holiday Season; however, it was insufficient to offset earlier
        traffic declines.

 
                                                                            
9 weeks ended                                                               
 December 29,                                                               
 2012                        Change from previous year                      
                 --------------------------------------------------         
                                    Total                                   
                        Non-same  sales at                           Total  
                  Same    store   constant    Exchange     Total    sales as
                  store  sales,   exchange  translation  sales as   reported
                  sales  net(1)   rates(2)   impact(2)   reported   $million
  Kay             5.8%   1.7%       7.5%             -     7.5%    $   625.0
  Jared           4.8%   1.9%       6.7%             -     6.7%    $   291.7
  Regional                                                                  
   brands        (4.0)% 40.5%(3)   36.5%(3)          -    36.5%(3) $117.5(3)
                 -----------------------------------------------------------
US division       4.7%   5.2%       9.9%             -     9.9%    $ 1,034.2
                 -----------------------------------------------------------
  H.Samuel       (0.5)% (5.3)%     (5.8)%          2.8%   (3.0)%   $   120.7
  Ernest                                                                    
   Jones(4)      (5.5)% (5.8)%    (11.3)%          3.4%   (7.9)%   $    82.7
                 -----------------------------------------------------------
UK division      (2.6)% (5.5)%     (8.1)%          3.1%   (5.0)%   $   203.4
                 -----------------------------------------------------------
Signet            3.3%   3.2%       6.5%           0.6%    7.1%    $ 1,237.6

 
__________ 
 1. Non-same store sales include all sales from stores not
open for 12 months, as well as Ultra stores.
 2. Non-GAAP measure. 
3. Includes all stores selling under the Ultra nameplate.
 4.
Includes stores selling under the Leslie Davis nameplate. 
Sales Performance for the 48 Weeks ended December 29, 2012 


 
--  In the 48 week period ended December 29, 2012, total sales of $3,707.7
    million, including $37.0 million of Ultra sales, increased 4.4%
    compared to an increase of 9.6% in the 48 weeks ended December 31,
    2011 ("the comparable 48 weeks"). Same store sales increased 3.2%
    compared to 9.4% in the comparable 48 weeks. Consolidated eCommerce
    sales increased by 37%, comprised of a 44% increase in the US division
    and a 14% increase in the UK division.
    
    
    --  In the 48 week period ended December 29, 2012, the US division's
        total sales of $3,063.2 million, including $37.0 million of Ultra
        sales, increased 6.2% compared to an increase of 11.0% in the
        comparable 48 weeks. Same store sales increased 3.9% compared to
        an increase of 11.6% in the comparable 48 weeks.
        
    --  In the 48 week period ended December 29, 2012, the UK division's
        total sales of $644.5 million decreased 3.2% compared to an
        increase of 3.7% in the comparable 48 weeks. Same store sales in
        the UK were up 0.3% compared to an increase of 0.8% in the
        comparable 48 weeks.

 
                                                                            
48 weeks ended                                                              
 December 29,                                                               
 2012                        Change from previous year                      
                 --------------------------------------------------         
                                    Total                                   
                        Non-same  sales at                           Total  
                  Same    store   constant    Exchange     Total    sales as
                  store  sales,   exchange  translation  sales as   reported
                  sales  net(1)   rates(2)   impact(2)   reported   $million
  Kay             6.4%   1.5%       7.9%            -      7.9%    $ 1,833.4
  Jared           1.2%   1.6%       2.8%            -      2.8%    $   935.5
  Regional                                                                  
   brands        (3.2)%  9.6%(3)    6.4%(3)         -      6.4%(3) $294.3(3)
                 -----------------------------------------------------------
US division       3.9%   2.3%       6.2%            -      6.2%    $ 3,063.2
                 -----------------------------------------------------------
  H.Samuel        0.4%  (2.5)%     (2.1)%        (0.7)%   (2.8)%   $   353.6
  Ernest                                                                    
   Jones(4)       0.1%  (3.2)%     (3.1)%        (0.6)%   (3.7)%   $   290.9
                 -----------------------------------------------------------
UK division       0.3%  (2.9)%     (2.6)%        (0.6)%   (3.2)%   $   644.5
                 -----------------------------------------------------------
Signet            3.2%   1.3%       4.5%         (0.1)%    4.4%    $ 3,707.7

 
__________ 
 1. Non-same store sales include all sales from stores not
open for 12 months, as well as Ultra stores.
 2. Non-GAAP measure. 
3. Includes all stores selling under the Ultra nameplate.
 4.
Includes stores selling under the Leslie Davis nameplate. 
Quarterly Dividend 
Reflecting the Board's confidence in the strength of the business,
our ability to invest in growth initiatives, and the Board's
commitment to building long term shareholder value, a quarterly cash
dividend of $0.
12 per Signet Common Share has been declared for the
Fourth Quarter of Fiscal 2013, payable on February 27, 2013 to
shareholders of record on January 28, 2013, with an ex-dividend date
of January 24, 2013. 
Conference Call 
There will be a conference call today at 8.30 a.m. ET (1.30 p.m. GMT
and 5.30 a.m. PT) and a simultaneous audio webcast and slide
presentation available at www.signetjewelers.com. The slides are
available to be downloaded from the website ahead of the conference
call. To help ensure the conference call begins in a timely manner,
all participants should dial in 5 to 10 minutes prior to the
scheduled start time. The call details are: 


 
                                                            
US dial-in          +1 (646) 254 3360   Access code: 1424444
European dial-in  +44 (0)20 7136 2050   Access code: 1424444

 
A replay of the conference call and a transcript of the call will be
posted on Signet's website as soon as is practical after the call has
ended and will be available for one year. 


 
                                                                            
Contact: James Grant, VP - Investor Relations, Signet                       
         Jewelers                                          +1 (330) 668 5412
Press:   Alecia Pulman, ICR, Inc.                          +1 (203) 682 8224

 
Investor Relations Program Details 
Signet will be taking part in the ICR XChange Conference on
Wednesday, January 16, 2013 at the Fontainebleau Miami Beach, Miami
Beach, Florida. Present will be Mike Barnes, Chief Executive Officer,
Ronald Ristau, Chief Financial Officer and James Grant, Vice
President - Investor Relations. The presentation, which is scheduled
for 1:10 p.m. ET, will be webcast and available for replay on
www.signetjewelers.com. 
About Signet Jewelers and Safe Harbor Statement 
Signet Jewelers is the largest specialty retail jeweler in the US and
UK. Signet's US division operates over 1,400 stores in all 50 states
primarily under the name brands of Kay Jewelers and Jared The
Galleria Of Jewelry. Signet's UK division operates approximately 500
stores primarily under the name brands of H.Samuel and Ernest Jones.
Further information on Signet is available at www.signetjewelers.com.
See also www.kay.com, www.jared.com, www.hsamuel.co.uk and
www.ernestjones.co.uk.  
This release contains statements which are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. These statements, based upon management's beliefs and
expectations as well as on assumptions made by and data currently
available to management, appear in a number of places throughout this
release and include statements regarding, among other things,
Signet's results of operation, financial condition, liquidity,
prospects, growth, strategies and the industry in which Signet
operates. The use of the words "expects," "intends," "anticipates,"
"estimates," "predicts," "believes," "should," "potential," "may,"
"forecast," "objective," "plan," or "target," and other similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to a number of risks and uncertainties,
including but not limited to general economic conditions, the
merchandising, pricing and inventory policies followed by Signet, the
reputation of Signet and its brands, the level of competition in the
jewelry sector, the cost and availability of diamonds, gold and other
precious metals, regulations relating to consumer credit, seasonality
of Signet's business, financial market risks, deterioration in
consumers' financial condition, exchange rate fluctuations, changes
in consumer attitudes regarding jewelry, management of social,
ethical and environmental risks, security breaches and other
disruptions to Signet's information technology infrastructure and
databases, inadequacy in and disruptions to internal controls and
systems, changes in assumptions used in making accounting estimates
relating to items such as extended service plans and pensions, and
risks relating to Signet being a Bermuda corporation. 
For a discussion of these and other risks and uncertainties which
could cause actual results to differ materially, see the "Risk
Factors" section of Signet's Fiscal 2012 Annual Report on Form 10-K
filed with the U.S. Securities and Exchange Commission on March 22,
2012. Actual results may differ materially from those anticipated in
such forward-looking statements. Signet undertakes no obligation to
update or revise any forward-looking statements to reflect subsequent
events or circumstances, except as required by law. 
Contact: 
James Grant
VP - Investor Relations
Signet Jewelers 
+1 (330) 668 5412 
Press:
Alecia Pulman
ICR, Inc.
+1 (203) 682 8224 
 
 
Press spacebar to pause and continue. Press esc to stop.