Signet Sales Up 10%

Highlights of Signet
Jewelers’ first quarter financial statement (ended April 30):

  • Total sales: $887.3 million,
    up 10.2 percent
  • Total U.S. sales: $738.0
    million, up 11.4 percent
  • Net income (before taxes):
    $117.8 million, up 59 percent
  • Total same store sales: up
    10.2 percent
  • U.S. same store sales: up
    12.5 percent
  • Kay total sales: $435.4
    million, up 13.4 percent
  • Kay same store sales: up
    13.9 percent
  • Jared total sales: $227.8
    million, up 12.7 percent
  • Jared same store sales: up
    12.7 percent

For more information on
Signet’s financial statement, click here.

in the conference call following the release of the company’s financial results, CEO MIchael Barnes spoke positively about the company’s United Kingdom business, in the wake of reports that Signet was selling its U.K. chains.

“Our U.K. business is a
strong business and has some great people operating it,” Barnes said. “We continue to make major investments in the U.K.” 

To receive the latest jewelry news and blogs every day in
your inbox, subscribe to JCK’s e-newsletter.