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Signet Jewelers profit misses consensus by 19.3% in fiscal Q2

Signet Jewelers Ltd. said its normalized net income for the fiscal second quarter ended Aug. 2 came to 78 cents per share, compared with the S&P Capital IQ consensus estimate of 97 cents per share.

EPS decreased year over year from 81 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $62.9 million, a decline from $65.3 million in the prior-year period.

The normalized profit margin declined to 5.1% from 7.4% in the year-earlier period.

Total revenue grew 39.3% year over year to $1.23 billion from $880.2 million, and total operating expenses increased 42.9% year over year to $1.11 billion from $777.7 million.

Reported net income decreased 14.8% year over year to $57.7 million, or 72 cents per share, from $67.8 million, or 84 cents per share.