UPDATE: Signet Posts Drop In Q2 Net Profit

Signet Jewelers

reported a drop in its second-quarter net profit. Signet's quarterly total sales increased 3.1% to $880.2 million, while same-store sales rose 3.6%. Its quarterly net income declined to $67.4 million, or $0.84 per share, from $70.7 million, or $0.85 per share. Signet shares fell 1.33% to $68.90 in pre-market trading.