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Signet Jewelers Stock Rises After Earnings Beat. It Sees a Spike in Engagement Rings.

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The company raises its guidance and anticipates betrothals will heat up again after a lull.

Signet Jewelers stock rose in premarket trading Thursday after the company beat estimates and raised its fiscal-year earnings guidance.

“Our team’s focus on the consumer enabled us to exceed our revenue and bottom-line commitments in the quarter while also advancing our strategic priorities,” said Signet CEO Virginia Drosos in a company release. “We remain confident in our ability to achieve our Fiscal 2024 guidance.”

 

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