Signet Jewelers Limited (NYSE:SIG) stock gained on Tuesday after posting first-quarter results and guidance.
Adjusted earnings per share came in at $1.56. This beat the analyst’s estimate of $1.36. Revenue reached $1.553 billion, slightly above expectations of $1.551 billion.
Average unit retail increased about 5%. Growth came from both the Bridal and Fashion segments.
Operating income declined to $36.9 million from $48.1 million a year ago. However, adjusted operating income rose to $78.6 million from $70.3 million. Adjusted operating margin rose to 5.1% from 4.6%.
Gross profit was $556.5 million, down from $598.8 million Y/Y.
