Signet Jewelers, the world’s largest retailer of diamond jewellery, reported strong results for the second quarter of Fiscal 2026, surpassing Wall Street estimates and prompting the company to raise its full-year outlook.
For the 13 weeks ending 2 August, Signet posted adjusted earnings per share of $1.61, well above the $1.24 analysts had expected. Revenue rose 3% year-on-year to $1.53 billion, ahead of consensus estimates of around $1.50 billion. Same-store sales improved 2%, with Kay, Zales, and Jared delivering a combined 5% increase. Adjusted operating income jumped more than 20% as operating margin expanded to 5.6% from 4.6% last year. Merchandise average unit retail rose 9%, driven by a 4% increase in Bridal and 12% in Fashion.
Reflecting confidence in its performance, Signet raised full-year guidance, projecting sales between $6.67 billion and $6.82 billion, up from $6.57 billion to $6.80 billion. For the third quarter, Signet expects revenue between $1.34 billion and $1.38 billion, with adjusted operating income between $3 million and $17 million, while same-store sales are forecast to range from a 0.75% decline to 1.75% growth.