The world’s largest retailer of diamond jewelry Signet Jewelers Limited (SIG) delivered outstanding second-quarter results driven by an overall increase in the average transaction value and growth in the number of transactions. Shares popped 5.6% on the news, closing at $85.26 on September 2. Signet reported earnings of $3.57 per share, significantly higher than the Street’s estimate of $1.62 per share. In Q2 FY21, the company posted a loss of $1.13 per share. (See Signet Jewelers stock charts on TipRanks) Moreover, total sales more than doubled to $1.79 billion compared to the year-ago period and outpaced analysts’ estimates of $1.63 billion. Also, same-store sales (SSS) grew 97.4% year-over-year, alongside 24.
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Signet Jewelers (NYSE:SIG)
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Signet Jewelers (NYSE:SIG)
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