To confirm our survey results

To confirm our survey results, we also looked at the recent earnings of Signet Jewelers (NYSE:SIG), Pandora A/S, Compagnie Financiere Richemont and Swatch Group. For a deeper understanding of the current trading environment, we focused on 3 top line elements: Organic sales growth (excluding FX), Same Store Sales, and Management guidance. Signet Jewelers, released a 6% organic sales increase for the 4th quarter 2016, same store sales growth reached +5% and forecasted between +3% and +4.5% for the coming year.

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