News

Signet recordes hike in sales

Yet it is predicting difficulty in proving the analysts estimates

diamond world news service

The Signet Group announced that it has noted increased group sales for the 13 weeks prior to November 3. The total group sales increased by 7.9% at constant exchange rates, while same store sales increased by 3.2%, during the said period.

Signet’s total sales in U.S. recorded a surge of 10.1% to value at $488.2 million, while same store sales hiked by 2.5%. The stores noted an operating profit of $11.5 million. Mentioning that the profit before tax was slightly below in the year to date, as compared to last year’s level, Terry Burman, Group CEO said that it reflected a more challenging retail marketplace in the US said commented. Burman also said that it would be difficult to realise what the analysts had predicted for Signet’s profits and a wider than normal range of profit before tax estimates would be appropriate.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

GIA Names John Cowley CFO, David Tearle to Retire in June

De Beers Scales INDRA Network to Support ‘Love, From Dad’ Campaign Rollout

De Beers Publishes Archive on 12 Historic Indian-Origin Diamonds

De Beers Appoints Shivam Jewels as DTC Sightholder

GemGenève 2026 to spotlight emerging designers at 10th edition