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Signet Q2 Total Sales -3.9% To $1.36B; Whole Year Guidance $6B+

Signet reported fiscal 2020 second quarter results, with total sales of $1.36 billion, down 3.9 percent year-over-year, for the 13 weeks ended August 3 on a reported basis and down 3.4 percent down on a constant currency basis. Total same store sales performance decreased 1.5 percent year-over-year.

The company’s e-Commerce sales were $156.9 million, up 4.4 percent year-over-year. Signet said e-Commerce sales accounted for 11.5 percent of sales, up from 10.6 percent in the prior year quarter. Brick and mortar same store sales declined 2.3 percent.

Guidance for fiscal 2020 sees same store sales down between 2.5- and 1.5 percent, and total sales of between $6- and $6.03 billion.

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