SIG - Diamond Jewelry Retailer Signet Outshines Q2 Estimates; Expects Engagements To Begin Their Recovery | Benzinga
Signet Jewelers Ltd (NYSE: SIG) reported a second-quarter FY24 sales decline of 8.1% year-on-year to $1.61 billion, beating the analyst consensus of $1.58 billion. Same-store sales were down 12% versus last year.
North America segment sales amounted to $1.50 billion, an 7% decrease Y/Y. Same-store sales for the segment decreased 12.2% versus last year.
International segment same-store sales decreased 8.4%, and sales fell 8.6% Y/Y to $102 million.
Gross margin of 37.9% stayed flat Y/Y. The operating income for the quarter was $90.2 million versus $186.8 million last year, with an operating margin ...