Signet Jewelers Ltd. recorded an 11.3 percent rise in first-quarter income, thanks to strong demand for its Kay brand and a robust e-commerce business.
The mall-based jeweler said Thursday that income expanded to $91.8 million, or $1.13 a diluted share, for the period ended May 4. This compared with year-ago income of $82.5 million, or 96 cents a share. Revenue expanded 10.4 percent to $993.6 million from $900 million. Wall Street projected earnings per share of $1.11 on sales of $1.02 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"