Reuters has reported that Signet, which also operates the Ernest Jones stores in the UK and the higher-end Jared chain in the US, said it expected companywide sales at stores open at least a year to be up by a low- to mid-single-digit percentage rate this quarter.
Ernest Jones, where the company gets about 20% of its sales, same-store sales rose 2.1%. Companywide, they were up 7.1%.
The company forecast earnings of between 34 cents (21p) and 38 cents per share for the current quarter, compared with the 36 cents Wall Street was expecting, according to Thomson Reuters I/B/E/S.
Same-store sales at Kay, Signet's biggest chain, rose 12.5% during the second quarter ended on 28 July.
Net income rose to $70.7M, or 85 cents per share, from $66.3M, or 76 cents per share, a year earlier, beating Wall Street forecasts by 2 cents a share.