Signet Jewelers' earnings per share up 10.3%
By BFN News | 01:18 PM | Thursday 24 May, 2012
Signet Jewelers - which includes H Samuel and Ernest Jones - posts strong first-quarter financial results with earnings per share up 10.3% at $0.96.
Same store sales were up 1.2% while income before tax rose by 9.1% to $128.5m.
Chief executive Mike Barnes said: "We delivered strong financial results in the first quarter and increased our earnings per share by 10.3% to $0.96 as we anticipated the impact of the Mother's Day promotional calendar shift and managed our business accordingly.
"In the second quarter to date, which benefited from the calendar shift, our same store sales, including Mother's Day, were up strong double-digits reflecting the customer's broad acceptance of our merchandise offerings, our great customer experience and the effectiveness of our advertising in this important gift giving period.
"Our results year to date, combined with our focus on competitive strengths and our consistent ability to execute our initiatives, leave us well positioned to meet the challenges of the current economic environment and achieve our objectives for the year."
At 1:18pm: (LON:SIG) Signet Group share price was -245.5p at 2694.5p
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