Shares of Signet Jewelers (NYSE: SIG) were shining bright today as the world's largest diamond jewelry retailer posted better-than-expected results in its second-quarter earnings report. As of 10:10 a.m. ET, the stock was up 15.1% on the news.

Image source: Getty Images.

Signet has struggled for the last several quarters amid broader sluggishness in consumer spending and a delay in engagements. The company has also faced difficult comparisons after revenue surged during the later stages of the pandemic, fueled by stimulus checks.

Continue reading

Source Fool.com