Signet’s Big Earnings Beat Increased Its Shares
On August 30, Signet Jewelers (SIG) shares were trading ~15% higher during the pre-market session following the company’s stronger-than-expected second fiscal quarter results for the period ending on August 4. The company sustained the growth momentum in sales—an encouraging sign given the persistent operational issues. However, the biggest positive was the company’s “big beat” on the earnings front.