Signet Q1 adjusted EPS rises, lifts 2027 profit forecast

Signet Jewelers

02/06/2026 12:02

Overview
US jewelry retailer's fiscal Q1 revenue rose slightly yr/yr, driven by 1.8% same store sales growth
Adjusted EPS for fiscal Q1 increased yr/yr, supported by higher adjusted operating income and share repurchases
Company will initiate $50 mln accelerated share repurchase plan

Outlook
Signet raises FY27 adjusted diluted EPS guidance to $9.20-$11.00 from $8.80-$10.74
Company sees FY27 sales of $6.7-$6.9 bln, up from prior $6.6-$6.9 bln range
Signet expects FY27 same store sales between (0.75%) and 2.5%

Result Drivers
CATEGORY GROWTH - Co said all categories saw comparable sales growth, with positive performances during Valentine's Day and Mother's Day
COST REDUCTION - Co attributed double-digit adjusted operating income growth to cost reduction from reorganization and SG&A leverage
HIGHER AVERAGE UNIT RETAIL - Merchandise average unit retail rose about 5% yr/yr, with growth in both Bridal and Fashion

Company press release: ID:nBwbFlX4Xa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$1.55 bln
 
Q1 Adjusted EPS
 
$1.56
 
Q1 EPS
 
$0.78
 
Q1 Like-For-Like
 
1.80%
 
Q1 Operating Income
 
$36.90 mln
 
Q1 Operating Margin
 
2.40%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Signet Jewelers Ltd is $100.00, about 17.9% above its June 1 closing price of $84.82
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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(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.)