Signet jewelers q2 gaap loss per share $1.73

Signet jewelers reports q2 results and accelerated sales momentum.q2 non-gaap loss per share $1.13.q2 gaap loss per share $1.73.q2 sales $888 million versus refinitiv ibes estimate of $991.9 million.q2 earnings per share estimate $-0.80 -- refinitiv ibes data.preliminary august same store sales of 10.9% and ecommerce growth of 65.2%.q2 same store sales down 31.3% reflecting ecommerce growth of 72.1% year over year.net structural cost savings are on track to exceed $100 million in fy21.a reduction in force in quarter contributed to cost savings.has elected to maintain temporary suspension of dividend program on common shares.has elected to pay november quarterly dividend on its preference shares in kind.looking to second half of this fiscal year, company is not providing financial guidance."there can be no assurance that august sales trends will continue for remainder of q3".currently has more than 90% of its total fleet open.under 'path to brilliance', expects net savings of at least $285 million versus original target of $225 million.
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