Signet 's 1Q sales up 6%, profit up 5% to $97mn

Signet Jewelers reported that revenue rose 6.3 per cent year on year to US $1.06 billion in the first quarter that ended on May 3. Comparable-store sales improved 3.3 per cent, while ecommerce sales surged 24.4 per cent to US $38.7 million. Cost of sales increased 6.2 per cent to US $648.9 million, while profit improved by 5.2 per cent to US $96.6 million or US $1.20 per diluted share.  read more