Signet Group 52 weeks sales decline by 0.7 percent

25 Feb '08

3 min read

For the year as a whole, the US business executed its space growth plan and achieved a 4.1% increase in total sales on a 52 week basis. The UK division's like for like sales increased by 2.0%, a good performance given the very challenging fourth quarter.”

Note 1 - Impact of constant exchange rates:
The Group has historically used constant exchange rates and adjusted for changes in the reporting calendar to compare period-to-period changes in certain financial data.

This is referred to as 'at constant exchange rates on a 52 or 13 week basis' or '52 or 13 weeks at constant exchange rates' throughout this release.

The Group considers this to be a useful measure for analysing and explaining changes and trends in the Group's results. The impact of the re-calculation of sales growth at constant exchange rates on a 52 and 13 week basis is shown below:

Preliminary Results, Wednesday 9 April 2008:
The Preliminary Results for the 52 weeks ended 2 February 2008 are expected to be announced at 12.30 p.m. BST on Wednesday 9 April 2008.

Signet Group plc

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