India, June 3 -- Signet Jewelers Ltd. (SIG), a specialty jewelry retailer, on Tuesday announced a swing to profit in the first quarter, compared to loss in the previous year. The prior year quarter was impacted by one-time dividends on redeemable convertible preferred shares.
The company raised full year 2026 adjusted earnings per share guidance and updated outlook and share repurchase. In the pre-market trading, Signet Jewelers is 13.11% higher at $75.59 on the New York Stock Exchange.
For the first quarter, net income attributable to shareholders was $33.5 million compared with a net loss of $40.1 million last year. Dividends on redeemable convertible preferred shares in the prior year was 92.2 million.
Earnings per share were $0.78, v...