(IDEX Online News) – Signet Jewelers Ltd reported a sales increase of 10.4 percent to $993.6 million for its fiscal first quarter 2014 ending May 4.

 

Same store sales increased by 6.4 percent, while net operating income increased by 10.4 percent to $142.8 million.

 

In the US division, total sales were up by 14.3 percent to $858.6 million and same store sales were up by 8.1 percent.

 

Signet reported profits of $91.8 million compared with a year-ago profit of $82.5 million.

 

Net operating income including the Ultra store chain acquired last year for $57 million increased by 11.0 percent to $152.8 million.

 

Excluding Ultra, the US Division’s operating income was $156.6 million.

 

In the UK Division, total sales were down by 9.1 percent to $135.0 million, and same store sales decreased by 2.3 percent. There was an operating loss of $4.1 million from a $3.0 million loss in the prior-year quarter.