Signet Jewelers (SIG) Q2 2027 Earnings
How Did SIG Stock React to Q2 2027 Earnings?
S&P 500 over the same 30 days: +2.12%.
Did SIG Beat Earnings? Q2 2027 Results
Yes. Signet Jewelers reported Q2 2027 earnings of $2.19 a share on Sep 9, 2026, beating the $1.74 consensus estimate by 26.1%. Revenue was $1.5B against a $1.5B estimate.
Signet Jewelers delivered a standout second quarter of Fiscal 2027, posting adjusted diluted EPS of $2.19 against the $1.74 consensus estimate, a beat of 26.14% that extended the company's streak of topping EPS expectations to six consecutive quarters. Revenue came in at $1.53 billion, essentially in line with forecasts but down 0.5% year over year, a modest top-line slip that the company more than offset through disciplined margin management. The single biggest driver of the upside was gross margin expansion of 80 basis points to 39.4%, aided by approximately $15 million in tariff refunds, $13 million more than anticipated, alongside lower inventory and distribution costs. SG&A fell to $493.60 million from $505.30 million a year ago, and adjusted operating income climbed to $107.20 million, representing a 7.0% margin. Analyst sentiment heading into the print had skewed constructive, with several major institutional investors recently lifting their stakes. Looking ahead, Signet raised full-year adjusted EPS guidance by more than 10% to a range of $10.45 to $12.15, while maintaining total sales guidance of $6.70 billion to $6.90 billion.
- Same store sales growth of 2.2% with positive comps across all fine jewelry brands
- Merchandise AUR up approximately 6% driven by Bridal and Fashion categories
- High single-digit unit growth at higher price points
- Approximately $15 million in refunds for tariffs previously paid, $13 million above expectations
- SG&A cost reduction from operating model changes and same store sales leverage
- Lower inventory and distribution costs partially offset by higher gold costs
“We delivered another quarter of comp sales growth with a positive comp performance in all fine jewelry brands. This includes high single-digit unit growth at higher price points.”
Signet Jewelers CEO, on the earnings call
What Is Signet Jewelers's Outlook?
Signet raised its full-year Fiscal 2027 adjusted diluted EPS guidance by over 10% to $10.45 to $12.15 (from $9.20 to $11.00 previously), reflecting year-to-date operating performance, additional share repurchases, refunds of tariffs previously paid, and the new consumer credit agreement terms. Full-year total sales guidance is maintained at $6.7 to $6.9 billion, with same store sales expected to be flat to up 2.5% (narrowed from a prior range of down 0.75% to up 2.5%). Full-year adjusted operating income is guided to $535 to $605 million (up from $480 to $560 million), and adjusted EBITDA to $730 to $800 million (up from $665 to $745 million). For Q3, total sales are expected at $1.37 to $1.41 billion with same store sales of -1.0% to 2.0%, and adjusted operating income of $31 to $48 million. Key assumptions include $60 to $80 million in net revenue reduction from the James Allen brand transition, approximately $30 million in tariff refunds, $30 to $40 million of non-comp revenue and gross margin from the new consumer credit agreement, capex of $150 to $180 million, an annual tax rate of 23% to 25%, and a weighted average diluted share count of approximately 38.8 million shares.
SIG YoY Financials
| Metric | Q2 2027 | Q2 2026 | Year over year |
|---|---|---|---|
| Revenue | $1.5B | $1.5B | −0.5% |
| Gross Profit | $602.4M | $591.9M | +1.8% |
| Operating Income | $87.5M | $2.8M | +3,025.0% |
| Net Income | $52.1M | $6.7M | +672.5% |
SIG Revenue by Segment
SIG Revenue by Geography
When Does Signet Jewelers Report Next?
Figures from SEC filings and company reports. Not investment advice.