Signet Jewelers Limited, the world's largest retailer of diamond jewelry, announced its results for the 13 weeks ended July 29, 2023 (second quarter of 2024 fiscal year).
Sales amounted to $1.6 billion, down $141.3 million or 8.1% (down 8.2% on a constant currency basis to Q2 of FY23).
Same store sales down 12.0% as compared to Q2 of FY23.
"We remain confident in our ability to achieve our Fiscal 2024 guidance. Our reimagined merchandise assortment and upcoming holiday season initiatives will leverage our investments in innovation, digital capabilities, and data analytics to widen our competitive advantages. We believe the upcoming multi-year recovery of engagements remains on track to begin in the fourth quarter of this year," said Signet Chief Executive Officer Virginia C. Drosos.
Alex Shishlo for Rough&Polished
