Signet Jewelers Limited announced its first quarter Fiscal 2026 results on June 3, 2025, reporting total sales of $1,541.6 million, a 2.0% increase year-over-year, surpassing expectations. Same-store sales grew by 2.5%, marking positive growth each month of the quarter and into May, with Kay, Zales, and Jared showing sequential improvement.
Adjusted diluted EPS for the quarter was $1.18, exceeding the consensus estimate of $1.07, driven by higher adjusted operating income and a lower diluted share count. Gross margin rate expanded by 100 basis points to 38.8%, reflecting improved gross merchandise margin and leverage on fixed costs.
The company raised its full-year Fiscal 2026 guidance, with total sales now projected between $6.57 billion and $6.80 billion, and adjusted diluted EPS expected in the range of $7.70 to $9.38. Additionally, Signet completed the repurchase of 2,060,153 shares for $117.41 million in Q1, concluding its buyback plan announced in August 2017, and declared a quarterly cash dividend of $0.32 per share for Q2 FY26.
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