Signet Jewelers reported a 2.2% increase in same-store sales in the second quarter of Fiscal 2027, while higher average selling prices across Bridal and Fashion helped lift margins and profitability.<\/p>\n
Sales were $1.53 billion, compared with $1.54 billion a year earlier. Merchandise average unit retail increased approximately 6%. Adjusted operating income rose to $107.2 million from $85.4 million, while adjusted diluted EPS increased to $2.19 from $1.61.<\/p>\n
Gross margin improved 80 basis points to 39.4%, supported by tariff refunds, lower inventory and distribution costs, partly offset by higher gold costs.<\/p>\n
CEO J.K. Symancyk said all of Signet\u2019s fine jewellery brands delivered positive comparable sales, with high single-digit unit growth at higher price points. The company is accelerating merchandise refreshes, customer-experience improvements and marketing ahead of the holiday season.<\/p>\n
Signet raised its Fiscal 2027 outlook, increasing adjusted diluted EPS guidance to $10.45-$12.15 from $9.20-$11.00 and adjusted operating income guidance to $535-$605 million from $480-$560 million. Full-year sales guidance remains $6.7-$6.9 billion, with same-store sales now expected to range from flat to +2.5%.<\/p>\n
The company also repurchased approximately 1 million shares for $87 million during the quarter and plans a $125 million accelerated share repurchase programme. Its remaining share repurchase authorisation has been expanded to $700 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
Signet Jewelers reported a 2.2% increase in same-store sales in the second quarter of Fiscal 2027, while higher average selling prices across Bridal and Fashion helped lift margins and profitability. Sales were $1.53 billion, compared with $1.54 billion a year earlier. Merchandise average unit retail increased approximately 6%. Adjusted operating income rose to $107.2 million…<\/p>\n","protected":false},"author":1,"featured_media":38089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-38088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n