mikeon88
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• CEO Virginia Drosos takes note of a "challenging" Q3, with the hurricanes and unexpected disruptions during the credit services transition adding to what was already expected to be a sequential slowdown in same-store sales (they fell 5%, with the weather and credit items having a 120 basis points negative impact).
• The Q4 outlook is cut, with same-store sales now seen as down low- to mid-single digits.
• Fiscal 2018 EPS guidance is cut to $6.10-$6.50 from $7.16-$7.56, Same-store sales are now seen at down mid single-digits vs. previous down low- to mid-single digits.
• SIG -27%, TIF -1.1%
• Previously: Signet beats by $0.05, misses on revenue (Nov. 21)
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