Signet Jewelers jumps after raising annual profit forecast

Signet Jewelers

09/09/2026 12:46

** Shares of Signet Jewelers SIG.N jump ~14% at $94.11 premarket
** SIG raises fiscal 2027 profit forecast, after quarterly profit beat, aided by tariff refunds, lower inventory and distribution costs  
** Now expects fiscal 2027 adj. EPS of $10.45-$12.15, up from prior view of $9.20-$11
** Sees annual same-store sales to remain flat or grow up to 2.5%, compared with prior range of 0.75% decline to 2.5% rise
** Expects holiday demand across income brackets 
** Q2 adj. EPS of $2.19 beats est. of $1.74, per data compiled by LSEG
** Tariff refunds of $15 million exceeded expectation by $13 million - SIG
** Quarterly same store sales growth slowed to 2.2% from 2.4% growth a year earlier
** Up to last close, stock fell about 10% in the last 12 months

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))