Signet jewelers limited provides earnings guidance for the fourth quarter and full year of fiscal year 2020; provides goodwill and intangible impairment guidance for the full year of fiscal 2020; announces plans to close and open stores in fiscal year 2020

Signet jewelers limited provided earnings guidance for the fourth quarter and full year of fiscal year 2020. for the full year of fiscal 2020, the company expects same store sales down 1.7% to down 1.0% and total sales of $6.01 billion - $6.05 billion, gaap operating income of $147 million to $167 million, gaap diluted eps of $1.21 - $1.52.for the fourth quarter of fiscal 2020, the company expects same store sales down 0.4% to down 2.0% and total sales of $2.03 billion - $2.07 billion, gaap operating income of $212 million to $232 million, gaap diluted eps of $2.99 - $3.26. the company also expects loss related to goodwill and intangible impairment of $48.0 million for the full year of fiscal 2020.the company also announced that it plans to close approximately 150 stores in fiscal 2020 and open 35 stores inclusive of repositioning stores from mall to off mall locations.
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