Reported about 9 hours ago
Signet Jewelers Ltd., the parent company of Kay Jewelers, reports a rebound in sales following a disappointing holiday season. The company now forecasts first-quarter revenue between $1.5 billion and $1.53 billion and has seen improvements in bridal trends as well as increased e-commerce sales. CEO J.K. Symancyk notes efforts to diversify beyond bridal jewelry and reduce reliance on mall locations. Shares have shown a positive response, gaining 14% in early trading.
Source: YAHOO