Friday, August 31, 2018

Signet Q2 earnings, sales well above forecasts

Chain Store Age
The owner of Kay Jewelers, Zales and Jared and other jewelry chains reported earnings and sales that blew past analysts’ estimates amid double-digit online growth and strong sales at most of its banners.

Same-store sales rose 1.7%. Analysts had expected a decline of 4.5%. Same-store sales rose 7.1% at Zales, 11.5% at Piercing Pagoda, and 1.2% at Jared. Same-store sales fell 2.1% at Kay. . . . more