Consumer
Signet Has Biggest Jump Since 2020 on Rebounding Jewelry Sales
Signet is forecasting revenue of $6.53 billion to $6.8 billion in the current fiscal year.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Signet Jewelers Ltd. shares soared after the Kay Jewelers owner said sales are recovering from a disappointing holiday season that led Wall Street to slash expectations for the retailer.
The modest revenue trend is welcome news for the sector. Many executives have struck a cautious note about US consumer discretionary spending because of uncertainty about the economic impact of President Donald Trump’s tariffs.