Signet Jewelers Posts 3rd Quarter Profit
Bermuda-headquartered Signet Jewelers Limited, which operates various chains in the U.S. and U.K. including “Kay Jewelers,” “Jared The Galleria Of Jewelry,” “H.Samuel,” “Ernest Jones” and “Leslie Davis”, posted a fiscal third-quarter profit today [Nov 23], reversing a year-ago loss.
For the three months ended Oct. 31, Signet earned $6 million, or 7 cents per share, up from a loss of $8.7 million, or 10 cents per share, in the same period of 2009.
Terry Burman, Chief Executive of Signet, commented: “We are delighted with our third quarter results, reflecting the ongoing success of our competitive advantages and strong balance sheet. In particular, the 9.7% US same store sales increase was a very good performance, which drove strong operating leverage and a return to third quarter profitability.”
The full 25-page report is below, click ‘Fullscreen’ for greater clarity:
