Today’s Research Reports on Stocks to Watch: Signet Jewelers and Camping World

NEW YORK, NY / ACCESSWIRE / June 7, 2018 / While jewel company Signet Jewelers leaped ahead on Wednesday after better first quarter results than expected, shares of outdoor company, Camping World, also saw gains after CEO Marcus Lemonis explained to Jim Cramer why the company purchased Gander Mountain.

RDI Initiates Coverage on:

Signet Jewelers Limited
https://rdinvesting.com/news/?ticker=SIG

Camping World Holdings, Inc.
https://rdinvesting.com/news/?ticker=CWH

Signet Jewelers Limited shares closed up 18.39% yesterday on 18 million shares compared to an average trading volume of just around 2.6 million shares. The world’s largest diamond jewelry retailer reported first quarter results that beat expectations by a wide margin. The company, which is the parent of Zales, Jared, and Kay Jewelers, reported that comparable sales for the quarter were down 0.1%. This was still far better than the 11.5% decrease in the same quarter a year ago. Revenue saw a jump of 5.5% to $1.48 billion. Analysts had been expecting $1.4 billion. Adjusted earnings per share fell to $0.10 from $1.03 a year ago. They were still better than the loss of 9 cents that was expected. CEO Virginia Drosos stated, “In the first quarter, we saw signs of stabilization in our overall sales and once again achieved double digit growth in eCommerce.” The company warned that second quarter revenue would be affected but still reiterated its full-year guidance of comparable sales down low-to-mid-single digits. The company expects total sales in the range of $5.9 billion-$6.1 billion, and adjusted EPS of $3.75-$4.25.

Access RDI’s Signet Jewelers Limited Research Report at:
https://rdinvesting.com/news/?ticker=SIG

Camping World Holdings, Inc. shares closed up 7.57% on nearly 5.5 million shares traded on Wednesday. The company’s CEO Marcus Lemonis spoke with “Mad Money”s Jim Cramer this week over the company’s last acquisition and “rookie mistakes.” He said, “There’s a big transition from being private and I would say that I’ve really learned.” He admitted that “the biggest learning curve” was how to communicate his corporate strategy to the public market. He added, “I think what happened was people originally thought that we bought Gander Mountain to get into the big-box retail business,” Lemonis said. “[That’s] false.” He explained, “We disclosed today at the Baird Conference, in a public environment, our real strategy behind the acquisition of Gander. It was our backdoor entry into the market in Minnesota, Wisconsin, Indiana, Illinois, Pennsylvania and Texas, where we’re going to be putting RVs in most of those locations.” He also added, “We have 130 RV dealerships today. At the end of 2019, we’ll have 165, 160 to 165. That’s 20 percent growth.” He told Cramer, “We acquire new customers and we find new people through the sale of RVs and the other products. And I think that’s different than people thought it was.”

Access RDI’s Camping World Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CWH

Our Actionable Research on Signet Jewelers Limited (NYSE: SIG) and Camping World Holdings, Inc. (NYSE: CWH) can be downloaded free of charge at Research Driven Investing.

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