Signet Jewelers stock jumped Tuesday after quarterly results topped analysts’ forecasts, and the company raised full-year guidance. For the quarter ended May 3, Signet posted adjusted earnings of $1.18 a share,

Signet Jewelers shares are jumping in premarket trading Tuesday after the jewelry retailer posted better-than-anticipated quarterly results and issued a rosy full-year outlook.

Signet Jewelers Ltd. raised its profit outlook for the full year and lifted the low end of its sales guidance, signaling confidence in the new chief executive’s overhaul strategy and consumers’ willingness to spend despite economic turbulence.