Signet Jewelers — led by sales growth at its three largest brands, Zales, Kay and Jared — posted gains on the top and bottom lines for the third quarter.
Sales for the three months ended Nov. 1 hit $1.4 billion, up 3.1 percent from a year earlier. Same-store sales rose 3 percent.
Net income increased to $20 million from $7 million in the year-ago period while adjusted operating income rose to $32 million from $16.2 million.
Average unit retail prices were up 7 percent including a 6 percent increase in bridal and an 8 percent uptick in fashion.
“We came in ahead of expectations. It was our third consecutive quarter of same-store sales growth,” said J.K. Symancyk, chief executive officer, in an interview witth WWD.
Symancyk said the positive results reflect momentum in the business and

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