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Retail jeweler Signet's total sales rise
22 Nov '06
3 min read
Signet Group plc announces its third quarter results for the 13 week and 39 week periods to 28 October 2006.
In the 13 week period to 28 October 2006, Group total sales rose by 9.5% at constant exchange rates; the reported increase was 5.7% to 328.2 million pounds Sterling (13 weeks to 29 October 2005: 310.5 million pounds).
Like for like sales were up by 5.4%. Profit before tax increased to 3.8 million pounds (13 weeks to 29 October 2005: 3.0 million pounds) and operating profit was 6.7 million pounds (13 weeks to 29 October 2005: 5.5 million pounds). The adverse impact of unfavourable cumulative foreign exchange movements on both the reported profit before tax and operating profit was particularly marked at 1.2 million pounds.
In the 39 week period, Group total sales increased by 9.8% at constant exchange rates; and on a reported basis by 10.2% to 1,138.8 million pounds (39 weeks to 29 October 2005: 1,033.4 million pounds). Like for like sales were up by 5.3%.
Profit before tax rose by 11.9% at constant exchange rates; and by 12.7% on a reported basis to 62.1 million pounds (39 weeks to 29 October 2005: 55.1 million pounds) and operating profit was 68.7 million pounds (39 weeks to 29 October 2005: 61.0 million pounds). The average exchange rate for the period was 1/$1.83 pounds (39 weeks to 29 October 2005: 1/$1.84 pounds). Earnings per share were 2.3p (39 weeks to 29 October 2005: 2.1p).
United States (circa 70% of Group annualsales):
In the 13 week period to 28 October 2006, Group total sales rose by 9.5% at constant exchange rates; the reported increase was 5.7% to 328.2 million pounds Sterling (13 weeks to 29 October 2005: 310.5 million pounds).
Like for like sales were up by 5.4%. Profit before tax increased to 3.8 million pounds (13 weeks to 29 October 2005: 3.0 million pounds) and operating profit was 6.7 million pounds (13 weeks to 29 October 2005: 5.5 million pounds). The adverse impact of unfavourable cumulative foreign exchange movements on both the reported profit before tax and operating profit was particularly marked at 1.2 million pounds.
In the 39 week period, Group total sales increased by 9.8% at constant exchange rates; and on a reported basis by 10.2% to 1,138.8 million pounds (39 weeks to 29 October 2005: 1,033.4 million pounds). Like for like sales were up by 5.3%.
Profit before tax rose by 11.9% at constant exchange rates; and by 12.7% on a reported basis to 62.1 million pounds (39 weeks to 29 October 2005: 55.1 million pounds) and operating profit was 68.7 million pounds (39 weeks to 29 October 2005: 61.0 million pounds). The average exchange rate for the period was 1/$1.83 pounds (39 weeks to 29 October 2005: 1/$1.84 pounds). Earnings per share were 2.3p (39 weeks to 29 October 2005: 2.1p).
United States (circa 70% of Group annualsales):
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