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Signet Jewelers 4.4% sales boost Friday, 24th August 2012
Signet Jewelers has posted better-than-expected quarterly profit results.
Its Ernest Jones business posted a same-store sales boost of 4.4 per cent.
However, the company’s gross margin took a hit as a result of shoppers’ preference for sale items.
Same-store sales across the company were up 7.1 per cent, compared with a slower 1.2 per cent in the last quarter.
Net income was up to USD 70.7 million from USD 66.3 million a year earlier.