Bermuda-based Signet Jewelers Q2 revenue beats estimates, raises FY26 guidance

Signet Jewelers

02/09/2025 12:01

Overview

Signet fiscal Q2 revenue rises, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q2 beats consensus, per LSEG data

Company raises FY26 guidance, indicating confidence in strategic initiatives

Outlook

Signet raises FY26 sales guidance to $6.67-$6.82 bln

Company expects Q3 sales between $1.34 bln and $1.38 bln

Signet sees FY26 adjusted EPS of $8.04-$9.57

Company anticipates FY26 adjusted operating income of $445-$515 mln

Result Drivers

FASHION ASSORTMENT - Expansion of on-trend fashion assortment contributed to Q2 results

BRAND FOCUS - Increased focus on Kay, Zales, and Jared led to a 5% same store sales increase at these brands

COST SAVINGS - Adjusted operating income growth driven by gross margin expansion and cost savings from reorganization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.54 bln
$1.50 bln (7 Analysts)
Q2 Adjusted EPS
Beat
$1.61
$1.23 (7 Analysts)
Q2 EPS
-$0.22
Q2 Operating Income
Miss
$2.80 mln
$66.80 mln (7 Analysts)
Q2 Operating Margin
0.2%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories retailers peer group is "hold."

Wall Street's median 12-month price target for Signet Jewelers Ltd is $92.00, about 4.3% above its August 29 closing price of $88.05

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw3rKszpa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)