<div id="readability-page-1"><div>By Tomi KilgoreSame-store sales sees growth for a second straight quarter, after nearly three years of declinesSignet's stock surges as same-store sales show another quarter of growth, and beat expectations.Shares of Signet Jewelers Ltd. were surging in early Tuesday trading, after the parent of the Kay, Zales and Jared jewelry chains confirmed its rebound with another quarter of sales growth.The jewelry retailer (SIG) also beat earnings expectations and raised its full-year outlook, amid a &#34;measured&#34; consumer environment.For the second fiscal quarter ending Aug. 2, same-store sales, or sales at stores open at least a year, rose 2% from a year earlier, to beat the average analyst estimate compiled by FactSet for growth of 0.8%.That follows a 2.5% rise in same-store sales in the previous quarter, which snapped an 11-quarter streak of declines. It also marked the third straight quarter of beating expectations, which hasn't been done since March 2022, according to FactSet data.The stock jumped 5.6% in premarket trading. It has soared 31.8% over the past three months through Friday, while the SPDR S&amp;P Retail ETF XRT has gained 10.5% and the S&amp;P 500 index SPX has advanced 8.8%.Signet also reported a net loss that narrowed to $9.1 million from $101.5 million a year ago. Meanwhile, adjusted earnings per share, which excludes nonrecurring items such as the write-down of the value of assets, rose to $1.61 from $1.25 to top the FactSet EPS consensus of $1.24.And total sales grew 3% to $1.54 billion, above the FactSet consensus of $1.5 billion.For the full fiscal year, the company raised its guidance ranges for adjusted EPS to $8.04 to $9.57 from $7.70 to $9.38 and for total sales to $6.67 billion to $6.82 billion from $6.57 billion to $6.80 billion.Full-year same-store sales are now expected to be down 0.75% to up 1.75%, compared with previous guidance of a 2% decline to a 1.5% rise.-Tomi KilgoreThis content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</div></div>

Signet Jewelers Ltd. reported a second consecutive quarter of same-store sales growth, rising 2% and beating analyst expectations. The stock surged 5.6% in premarket trading and has increased 31.8% over the past three months. The company narrowed its net loss to $9.1 million and raised its full-year guidance for adjusted EPS and total sales. Full-year same-store sales are now expected to decline by 0.75% to increase by 1.75%.

Diamonds are selling again, as Signet sees sales growth. The stock has been surging.