Signet Stock Surges After Earnings Amid Solid Outlook, Plan to Exit Malls. - Barron's
1. Signet's stock rose 22.42% following a positive earnings forecast. 2. Same-store sales projected between flat and 2% gain, above analyst expectations. 3. Company will close over 10% of mall locations, shifting to e-commerce. 4. Fiscal fourth-quarter earnings per share reached $6.62, exceeding market consensus. 5. Signet's mall sales have dropped from 65% to 35% over the years.