Signet Jewelers Ltd. offered fourth-quarter sales guidance Thursday that exceeded consensus estimates, after same-store sales rose 5.6% in the nine-week holiday season through Jan 2. The company is now expecting fourth-quarter same-store sales to climb 4% to 5%, compared with a FactSet consensus for growth of 1.8%. The company expects total sales to range from $2.10 billion to $2.12 billion, compared with a FactSet consensus of $2.0 billion. The company’s preliminary holiday sales came of $1.8 billion, unchanged versus the year-earlier period. E-commerce sales rose 60.8%, while bricks-and-mortar sales fell 4.1%. As of Jan. 2, the company had closed 355 of its planned 380 store closures for this fiscal year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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