(Signet Jewelers) Shares of Signet Jewelers rose more than 11% on Thursday after reporting total sales of $1.8 billion in the first quarter of 2023. The sales were an increase of 8.9% from the prior year.
Signet said that the company’s same-store sales increased by 2.5% in the quarter from the prior year.
The company said it completed $318.2 million of share buyback in the quarter, which included $50 million for its previously announced accelerated repurchase.
Signet GAAP operating income came at $0.2 million, a decline from $168.7 million in the comparable quarter of FY22.
The company reported a GAAP diluted loss per share of $1.89, compared to earnings per share of $2.23 in the prior year.
SIG: NYSE is +11.21%.
