Signet: Fiscal Q1 Earnings Snapshot
4 Articles
4 Articles
Signet: Fiscal Q1 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Signet Jewelers Ltd. (SIG) on Tuesday reported earnings of $33.5 million in its fiscal first quarter. The Hamilton, Bermuda-based company said it had profit of 78 cents per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share. The jewelry company posted revenue of $1.54 billion in the period. For the current quarter ending in July, Signet said it expects revenue in the ran…
Signet Sales Increase Amid Strategic Revamp
Signet Jewelers’ revenue rose in the first fiscal quarter as the new CEO’s strategy changes appeared to pay off. Sales increased 2% year on year to $1.54 billion for the 13 weeks that ended May 3, the US retailer reported Tuesday. Same-store sales — at branches open for at least a year — grew 2.5%. However, net profit slid 36% to $33.5 million. Signet CEO J.K. Symancyk aims to sharpen the company’s focus on its most iconic brands, including Ka…
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