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1 Value Stock That Just Went On Sale

TheMotleyFool

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1 Value Stock That Just Went On Sale: https://g.foolcdn.com/editorial/images/845210/ring-shopping-at-a-jewelry-store-signet.jpg

Signet Jewelers (NYSE: SIG) just delivered one of its best quarters in years.

The world's largest retailer of diamond jewelry and owner of banners like Kay, Zales, and Jared beat estimates on the top and bottom lines and breezed past its own guidance in the third quarter. This was even as consumer sentiment weakened measurably, with a number of consumer-facing brands like Target and Walmart noting an "affordability crisis" in the U.S.

Same-store sales rose 3% in the quarter, compared to guidance that called for them to be flat. This drove revenue up 3.1% to $1.39 billion, ahead of the consensus at $1.37 billion and management's own range of $1.34 billion to $1.38 billion.

Source Fool.com