Signet Jewelers Ltd (NYSE:SIG) Q1 2019 Earnings Conference Call - Preliminary Transcript

Jun 06, 2018 • 08:30 am ET

Previous

Signet Jewelers Ltd (NYSE:SIG) Q1 2019 Earnings Conference Call - Preliminary Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Executive
Michele Santana

repurchase approximately 475 million shares in fiscal 2019 funded primarily by the sale of non-prime receivables as well as cash on hand.

With respect to leverage, we continue to expect to exceed the high-end of our 3 to 3.5 times target leverage ratio in fiscal 2019 as we begin our transformation, but expect to be back within that range before the end of the three-year transformational plan. That concludes my prepared remarks. And I will now pass the call back to the operator to please open the line for questions.