Signet Jewelers Limited announced its second quarter Fiscal 2026 results on September 2, 2025, reporting total sales of $1.53 billion, a 3% increase year-over-year, surpassing the analyst consensus of $1.50 billion. Adjusted diluted EPS reached $1.61, significantly beating the consensus estimate of $1.23.
The company achieved positive same-store sales growth of 2.2%, marking eight consecutive months of positive comparable sales through August. Gross margin expanded by 80 basis points to 38.7% of sales, and operating income improved significantly to $50.90 million, compared to an operating loss of $51.10 million in the prior year.
Signet raised its full-year Fiscal 2026 guidance, with total sales now projected between $6.67 billion and $6.82 billion, and adjusted EPS expected in the range of $8.04 to $9.57 per diluted share. The company also highlighted strong liquidity with $281.40 million in cash and no outstanding debt, having repaid Senior Notes in Q2 FY25 and redeemed Preferred Shares by October 2024. However, impairment charges of $53.60 million for Digital brands goodwill and $13 million for the James Allen trade name were recorded due to underperformance.
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