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Signet Jewelers fiscal Q1 profit climbs 10.9% YOY

Signet Jewelers Ltd. said its normalized net income for the fiscal first quarter ended May 3 amounted to $1.22 per share, compared with the S&P Capital IQ consensus estimate of $1.25 per share.

EPS rose 12.2% year over year from $1.09.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $98.3 million, a gain of 10.9% from $88.7 million in the prior-year period.

The normalized profit margin climbed to 9.3% from 8.9% in the year-earlier period.

Total revenue climbed 6.3% year over year to $1.06 billion from $993.6 million, and total operating expenses rose 5.5% on an annual basis to $897.0 million from $850.6 million.

Reported net income rose from the prior-year period to $96.4 million, or $1.20 per share, from $91.9 million, or $1.13 per share.