Signet Jewelers Posts Strong Rise in Q4 Same-Store Sales

Finance and Trade
29/02/2016 15:57

Signet Jewelers Limited, the world's biggest retailer of diamond jewelry, has seen a sharp rise in its share price today (Monday) after it reported that fiscal fourth quarter same store sales increased 4.9% on the year in the period ending January 30, 2016. That compares with analysts' forecasts of a 4.6% increase. The firm also said its earnings per share will be strongly higher.
Signet's directors have commended a new share repurchase authorization of $750 million and also approved an 18% increase in dividend.