Signet gets boost from US sales

Signet Jewelers has reported an 11.7 per cent rise in like-for-like sales across its portfolio of US jewellery outlets, but said that comparable UK data was down 4.2 per cent. Signet’s UK brands, including H Samuel, account for 20 per cent of its global business. Chief executive Tony Burman attributed the poor UK results, which meant that global like-for-like sales saw a less impressive increase of 8.1 per cent, to bad winter weather that had kept shoppers away from stores. Signet said it expects income before income tax to be up between 25 per cent and 31 per cent this fiscal year, and expects adjusted earnings per share between $2.54 and $2.66.