HAMILTON, Bermuda--(BUSINESS WIRE)--
Signet Jewelers Limited (NYSE: SIG) today announced that it intends to
announce its fourth quarter and full year Fiscal 2019 financial results
at approximately 7:00 a.m. ET on Wednesday, April 3, 2019 and hold a
conference call at 8:30 a.m. ET versus the previously announced date of
March 14, 2019.
The change in dates is being made principally to allow sufficient time
for management to complete its analysis in connection with its annual
report for Fiscal 2019 of a potential non-cash impairment charge related
to goodwill and indefinite-lived intangible assets for the fourth
quarter of Fiscal 2019, resulting from a decline in the Company’s market
capitalization during the thirteen weeks ended February 2, 2019.
Given that an impairment charge would be non-cash, the Company does not
expect any such impairment charge to affect its liquidity or affect cash
flows from operating activities.
Details for the April 3, 2019 conference call following announcement of
fourth quarter and full year Fiscal 2019 results are below and there
will be a simultaneous audio webcast available at www.signetjewelers.com.
Toll Free US Dial-in: +1 833-245-9657
International Dial-In: +1 647-689-4229
Conference ID:5059335
About Signet and Safe Harbor Statement:
Signet Jewelers Limited is the world's largest retailer of diamond
jewelry. Signet operates nearly 3,500 stores primarily under the name
brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel,
Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Further
information on Signet is available at www.signetjewelers.com.
See also www.kay.com,
www.zales.com,
www.jared.com,
www.hsamuel.co.uk,
www.ernestjones.co.uk,
www.peoplesjewellers.com,
www.pagoda.com,
and www.jamesallen.com.
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 document 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, our ability to
implement Signet's transformation initiative, the effect of US federal
tax reform and adjustments relating to such impact on the completion of
our quarterly and year-end financial statements, changes in
interpretation or assumptions, and/or updated regulatory guidance
regarding the US federal tax reform, the benefits and outsourcing of the
credit portfolio sale including technology disruptions, future financial
results and operating results, the impact of weather-related incidents
on Signet’s business, deterioration in the performance of individual
businesses or of the Company's market value relative to its book value,
resulting in impairments of fixed assets or intangible assets or other
adverse financial consequences, including tax consequences related
thereto, especially in view of the Company’s recent market valuation,
and our ability to successfully integrate Zale Corporation and R2Net’s
operations and to realize synergies from the Zale and R2Net
transactions, general economic conditions, potential regulatory changes
or other developments following the United Kingdom’s announced intention
to negotiate a formal exit from the European Union, a decline in
consumer spending, the merchandising, pricing and inventory policies
followed by Signet, the reputation of Signet and its banners, the level
of competition in the jewelry sector, the cost and availability of
diamonds, gold and other precious metals, regulations relating to
customer credit, seasonality of Signet’s business, financial market
risks, deterioration in customers’ financial condition, exchange rate
fluctuations, changes in Signet’s credit rating, changes in consumer
attitudes regarding jewelry, management of social, ethical and
environmental risks, the development and maintenance of Signet’s
omni-channel retailing, 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, risks related to Signet being a
Bermuda corporation, the impact of the acquisition of Zale Corporation
on relationships, including with employees, suppliers, customers and
competitors, and an adverse decision in legal or regulatory proceedings.
For a discussion of these and other risks and uncertainties which could
cause actual results to differ materially from those expressed in any
forward-looking statement, see the “Risk Factors” section of Signet’s
Fiscal 2018 Annual Report on Form 10-K filed with the SEC on April 2,
2018 and quarterly reports on Form 10-Q filed with the SEC. Signet
undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events or circumstances, except as
required by law.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190207005116/en/
Randi Abada
SVP Corporate Finance Strategy & Investor Relations
+1
330 668 3489
randi.abada@signetjewelers.com
David Bouffard
VP Corporate Affairs
+1 330 668 5369
david.bouffard@signetjewelers.com
Source: Signet Jewelers Limited