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Bermuda's Signet Jewelers reports USD35m profit in Q3  Join our daily free Newsletter

MENAFN - 21/11/2012

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(MENAFN) Bermuda-based Signet Jewelers Ltd. reported a 34 percent increase in quarterly profits on stronger sales at its US Kay jewelry stores and online, Reuters reported.

The company said it made USD34.9 million net profit during its fiscal third quarter ended October 27, up from USD26.1 million a year earlier.

The company also reported less than 1 percent increase in quarterly revenue to USD716.2 million from USD710.5 million a year ago.

Same store sales grew by 1.4 percent in the quarter, while online sales rose 35 percent to USD19.6 million.

Sales in the US grew by 2 percent to USD575.6 million, driven by a 5.5 percent increase at Kay stores open at least a year. Same store sales company's Jared locations fell 4.1 percent.

Overall sales in the UK dropped 4.7 percent to USD140.6 million. Revenue from stores open at least a year grew by 2.3 percent.

 






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