Signet Jewelers Lifts Forecast After Earnings Beat, Shares Jump 11%
Signet Jewelers (NYSE:SIG) saw its stock spike over 11% intra-day today after delivering a better-than-expected first-quarter profit and raising its full-year outlook for fiscal 2026.
The jewelry retailer posted adjusted earnings of $1.18 per share for the quarter, beating the $1.03 consensus. While quarterly revenue of $1.5 billion came in just shy of expectations, it still marked a 2% increase year-over-year, supported by a 2.5% rise in same-store sales.
Buoyed by the solid start to the fiscal year, Signet raised its full-year adjusted earnings guidance to between $7.70 and $9.38 per share, up from its prior $7.31–$9.10 range. The revised outlook now sits above the Street’s $8.35 estimate. The company also slightly increased the bottom end of its full-year revenue forecast to $6.57–$6.80 billion.
Looking ahead to Q2, Signet projects revenue between $1.47 billion and $1.51 billion, with comparable sales expected to range from a 1.5% decline to 1% growth.
| Symbol | Price | %chg |
|---|---|---|
| TITAN.BO | 3679.35 | 0 |
| TITAN.NS | 3678.7 | 0 |
| HRTA.JK | 600 | -0.83 |
| KALYANKJIL.BO | 582.5 | 0.52 |
Signet Jewelers Limited (NYSE:SIG) Surpasses Q1 Fiscal 2026 Earnings Estimates
- Signet Jewelers Limited (NYSE:SIG) reported a 16.83% earnings surprise with an EPS of $1.18, beating the estimated $1.01.
- The company's revenue for the quarter was $1.54 billion, exceeding estimates and showing a year-over-year increase.
- Signet's strategic efforts led to positive same-store sales growth and sequential growth across its three largest brands—Kay, Zales, and Jared.
Signet Jewelers Limited (NYSE:SIG), the world's largest retailer of diamond jewelry, operates in the Zacks Retail - Jewelry industry and has consistently demonstrated strong financial performance. On June 3, 2025, SIG reported its first-quarter earnings for Fiscal 2026, showcasing impressive results.
SIG reported earnings per share (EPS) of $1.18, surpassing the estimated $1.01, marking a 16.83% earnings surprise. This is an improvement from the $1.11 EPS reported in the same quarter last year. The company has a history of exceeding expectations, as seen in the previous quarter with an EPS of $6.62 against an anticipated $6.39, resulting in a 3.60% surprise.
The company's revenue for the quarter was approximately $1.54 billion, exceeding the estimated $1.52 billion by 1.69%. This is a slight increase from the $1.51 billion reported a year ago. Over the past four quarters, Signet has consistently outperformed consensus EPS and revenue estimates three times each, highlighting its strong financial performance.
Signet's positive same-store sales growth each month of the quarter, continuing into May, reflects its strategic efforts to enhance offerings at key price points and evolve its product assortment. The company's three largest brands—Kay, Zales, and Jared—experienced sequential growth, contributing to the overall revenue increase.
Financially, Signet has a price-to-earnings (P/E) ratio of approximately 52.21, indicating investor confidence. The price-to-sales ratio is about 0.45, and the enterprise value to sales ratio is approximately 0.54, reflecting the company's valuation in relation to its sales. With a debt-to-equity ratio of around 0.64 and a current ratio of approximately 1.48, Signet maintains a relatively healthy liquidity position.
Signet Jewelers Shares Plunge 10% on Lowered Outlook
Signet Jewelers (NYSE:SIG) shares dropped more than 10% intra-day today after the company cut its guidance for the full-year profit and revenues.
The company reported Q1 adjusted EPS of $1.78 and revenue of $1.67 billion, compared to the Street estimates of $1.44 and $1.71 billion, respectively. Same-store sales fell 13.9% year-over-year.
For Q2, management expects revenue in the range of $1.53-1.58 billion, below the Street's estimate the $1.75 billion, For the full year, the company sees EPS at $9.79 and revenue at $7.2 billion from the prior estimates of $11.33 and $7.755 billion, respectively. Street estimates stand at $11.11 for EPS and $7.73 billion for revenues.
Signet Jewelers Shares Plunge 10% on Lowered Outlook
Signet Jewelers (NYSE:SIG) shares dropped more than 10% intra-day today after the company cut its guidance for the full-year profit and revenues.
The company reported Q1 adjusted EPS of $1.78 and revenue of $1.67 billion, compared to the Street estimates of $1.44 and $1.71 billion, respectively. Same-store sales fell 13.9% year-over-year.
For Q2, management expects revenue in the range of $1.53-1.58 billion, below the Street's estimate the $1.75 billion, For the full year, the company sees EPS at $9.79 and revenue at $7.2 billion from the prior estimates of $11.33 and $7.755 billion, respectively. Street estimates stand at $11.11 for EPS and $7.73 billion for revenues.
