Signet Jewelers, one of the world’s largest retailer of diamond jewellery, has reported a strong fourth quarter in its latest preliminary trading update.
In the 13 weeks ending 30 January 2016, the company reported same store sales increased by 4.9% compared with the same period a year earlier with diluted earnings per share (EPS) growing over 20%.
Mark Light, CEO, said: “Our business was strong in the fourth quarter as evidenced by our accelerating same store sales performance. At the same time our credit metrics improved from the third quarter in line with expectations and we remain confident in the strength of our credit portfolio.
“We are pleased with our first quarter to date operating results and continue to see strength in the business including credit.”