Signet Reports Second-Quarter Results

Signet Jewelers Ltd. has announced its second-quarter financial results.

The company reports a 4.5 percent increase in same-store sales and a 48.8
percent increase in income before taxes, to $57.3 million. Basic and diluted
earnings per share were $0.47, an increase of 46.9 percent. The free cash flow
target range increased by $75 million, to between $225 million and $275 million
for fiscal 2011.

Signet chief executive Terry Burman said the company was pleased with its
second-quarter performance.