Signet Q3 Sales up 5.7% to £310.5 Million
November 23, 05
Signet Group plc announced today a 5.7 percent rise in sales to £310.5 million ($535.4 million). In the 13 week period ended 29 October profit before tax declined to £3 million, compared to £7 million in 2004. Third quarter results were low, the Group said in a release.
Like for like sales were up a modest 1.8 percent.
Signet says the decline in results should have relatively little impact on the year as a whole. Total sales during the first nine months of the year increased 6.5 percent at constant exchange rates to £1,033.4 million ($1,781.9 Million).
Like for like sales were up by 2.9 percent during the nine-month period. Group profit before tax was £55.1 million and operating profit was £61.0 million.
In the
Total sales increased by 12.1 percent to £220.0 million, compared to £186.3 million for the same period in 2004.
Like for like sales rose by 7.6 percent and total sales advanced by 12.4 percent at constant exchange rates and by 11.2 percent on a reported basis to £759.6 million, compared to £683.3 million for the prior year period.
Difficult trading conditions hampered results from the
Like for like sales decreased by 8.1 percent during the quarter. Total sales were down by 7.1 percent to £273.8 million, compared to £294.7 million during the prior year period.
In the 39 week period, like for like sales dropped by 7.9 percent and total sales by 7.1 percent to £273.8 million, compared to the previous year's results of £294.7
Terry Burman, Group Chief Executive did not make any forward looking comments in his remarks. "Group profit before tax in the nine months to date was only slightly below that of last year. Our
Our businesses are in good shape and are well placed to compete. As always, results for the year as a whole will be dependent on the outcome during the all important fourth quarter, which represents some 40 percent of annual sales.”