Why Signet Jewelers Stock Jumped 24% in September

Signet Jewelers stock surged 24% in September following strong Q2 earnings that beat expectations and an accelerated $125 million share repurchase program. The company reported adjusted EPS of $2.19 versus consensus of $1.74, raised full-year guidance to $10.45-$12.15, and achieved same-store sales growth of 2.2% with improved margins. Trading at a P/E ratio of 9, the stock appears attractively valued if the company can sustain comparable sales growth and cost reductions.