Signet Jewelers Limited, the world's largest retailer of diamond jewelry, announced its results for the 13 weeks ended July 30, 2022.
Total sales were $1.8 billion, down $33.2 million or 1.9% to a record Q2 of FY22, and up 29% vs. Q2 of FY20. Same store sales down 8.2% to Q2 of FY22.
"Our results demonstrate the continued agility of our Signet team, the strength of our differentiated banner portfolio, and the flexibility of our operating model. This is all underpinned by a balance sheet that enables us to continue to make strategic investments such as our recent acquisition of Blue Nile," said Virginia C. Drosos, Chief Executive Officer.
Alex Shishlo for Rough&Polished
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