Companies /Consumer Cyclical

Signet Jewelers Ltd

NYSE: SIG Luxury Goods
$82.04
▲ $0.31 (+0.37%) today
Markets closed · 5:27pm ET

Q1 2027 Earnings

Reported Jun 2, 2026, 6:54am ET · SEC source
$1.56
Beat +12.89%
EPS · est. $1.38
$1.6B
Miss −0.01%
Revenue · est. $1.6B
−5.9%
Trailing market
SIG vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Jun 2Jun 3report 6:54am ETearnings−0.3%−4.6%
−8%−4%0+4%Jun 2Jun 3earnings−0.3%−4.6%
SIG −4.6%S&P 500 −0.3%
−8%−4%0+4%Jun 2Jun 3report 6:54am ETearnings+0.2%−4.6%
−8%−4%0+4%Jun 2Jun 3earnings+0.2%−4.6%
SIG −4.6%NASDAQ +0.2%
−6%−3%0Jun 1Jun 9report 6:54am ETearnings−2.7%−2.5%
−6%−3%0Jun 1Jun 9earnings−2.7%−2.5%
SIG −2.5%S&P 500 −2.7%
−6%−3%0Jun 1Jun 9report 6:54am ETearnings−4.5%−2.5%
−6%−3%0Jun 1Jun 9earnings−4.5%−2.5%
SIG −2.5%NASDAQ −4.5%
+3.75%
Day of report
−3.01%
Next session
−1.42%
One week
−6.98%
30 days

S&P 500 over the same 30 days: −1.09%.

Did SIG Beat Earnings? Q1 2027 Results

Signet Jewelers delivered a stronger-than-expected first quarter of fiscal 2027, with adjusted diluted EPS of $1.56 beating the $1.38 consensus estimate by 12.89%, even as revenue of $1.55 billion came in essentially flat with both the prior year and analyst expectations, edging up just 0.8% year over year. The headline earnings beat was driven primarily by cost discipline and reorganization savings from the prior fiscal year, with SG&A declining to $509.60 million from $526.00 million and same-store sales rising 1.8% on the back of broad category strength and average unit retail up roughly 5%. The quarter was not without friction; $41.70 million in restructuring charges tied to the discontinuation of James Allen and Rocksbox as separately operated brands weighed on GAAP results, pulling operating income down to $36.90 million from $48.10 million. The company's balance sheet strengthened considerably, with cash more than doubling to $602.80 million. Management raised its full-year adjusted EPS guidance to a range of $9.20 to $11.00, reflecting growing confidence even as tariff pressures and a fluid consumer environment introduce uncertainty into the outlook.

Key Takeaways
  • Same store sales growth of 1.8% with all categories up on a comparable sales basis
  • Merchandise average unit retail up approximately 5% year-over-year with growth in both Bridal and Fashion
  • SG&A cost reduction from FY26 reorganization drove leverage
  • Lower diluted share count from share repurchase activity
  • Higher interest income contributed to adjusted EPS growth
  • North America segment SSS growth of 1.6%, International segment SSS growth of 5.6%

“We drove topline growth in the first quarter with all categories up on a comparable sales basis. We also delivered positive performances for both Valentine's Day in February as well as Mother's Day to start the second quarter.”

Signet Jewelers CEO, on the earnings call

Forward Guidance & Outlook

Signet raised its full-year FY27 guidance. Updated total sales guidance is $6.7 to $6.9 billion (up from $6.6 to $6.9 billion), with same store sales expected between -0.75% and +2.5% (improved from -1.25% to +2.5%). Adjusted operating income is now expected at $480 to $560 million (from $470 to $560 million), adjusted EBITDA at $665 to $745 million (from $655 to $745 million), and adjusted diluted EPS at $9.20 to $11.00 (from $8.80 to $10.74). For Q2, the company guides total sales of $1.50 to $1.53 billion, SSS of +0.5% to +2.5%, and adjusted operating income of $79 to $93 million. Assumptions include $60 to $80 million in net revenue reduction from the James Allen brand transition, planned capex of $150 to $180 million, a low single digit net square footage decrease, and a 23% to 25% annual tax rate. The company noted a dynamic tariff, commodity, and consumer environment.

SIG YoY Financials

Q1 2027 vs Q1 2026 · SEC filings Q1 2026 Q1 2027
$0$500.0M$1.0B$1.5B$1.5B$1.6BRevenue$598.8M$556.5MGross Profit$48.1M$36.9MOperating Income$33.5M$31.7MNet Income
$0$500.0M$1.0B$1.5BRevenueGross ProfitOperating IncomeNet Income

SIG Revenue by Segment

North America$1.5B+0.9%
International$87.5M+9.2%
Other$3.1M−71.8%

SIG Revenue by Geography

North America$1.5B+0.9%
Rest of World$87.5M+9.2%

Figures from SEC filings and company reports. Not investment advice.