Q1 26 EPS
$1.18
BEAT +13.77%
Est. $1.04
Q1 26 Revenue
$1.54B
BEAT +1.40%
Est. $1.52B
vs S&P Since Q1 26
-11.3%
TRAILING MARKET
SIG +13.8% vs S&P +25.1%
Market Reaction
Did SIG Beat Earnings? Q1 2026 Results
Signet Jewelers posted a meaningful turnaround in its fiscal first quarter of 2026, reporting revenue of $1.54 billion and adjusted diluted EPS of $1.18, up from $1.11 a year ago, as the jewelry retailer swung back to positive comparable sales growth… Read more Signet Jewelers posted a meaningful turnaround in its fiscal first quarter of 2026, reporting revenue of $1.54 billion and adjusted diluted EPS of $1.18, up from $1.11 a year ago, as the jewelry retailer swung back to positive comparable sales growth for the first time after a prolonged stretch of declines. The clearest signal of momentum was a 2.5% same-store sales gain, a sharp reversal from the negative 8.9% comp posted in the year-ago quarter, with Kay, Zales, and Jared all delivering sequential improvement. Merchandise Average Unit Retail climbed approximately 8.0%, and lab-grown diamond fashion jewelry sales surged 60%, underscoring the early traction of CEO J.K. Symancyk's "Grow Brand Love" strategy. Gross margin expanded 100 basis points to 38.8%, while adjusted operating income rose to $70.30 million from $57.80 million. Encouraged by the results, management raised the low end of its full-year guidance, now projecting adjusted diluted EPS of $7.70 to $9.38 and total sales of $6.57 billion to $6.80 billion.
Key Takeaways
- • Positive same store sales growth of 2.5%, with all three largest brands (Kay, Zales, Jared) showing sequential comp improvement from Q4
- • Merchandise Average Unit Retail (AUR) increased approximately 8.0%
- • Gross margin rate expanded 100 basis points to 38.8% driven by gross merchandise margin expansion and fixed cost leverage
- • Adjusted operating margin expanded to 4.6% from 3.8% year-over-year
- • Growth in both Bridal and Fashion categories driven by Grow Brand Love strategy
- • Refined promotional strategy and inventory management with sales improvement outpacing inventory growth
SIG YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
SIG Revenue by Segment
With YoY comparisons, source: SEC Filings
SIG Revenue by Geography
Regional revenue distribution
“We delivered positive same store sales growth each month of the quarter, and into May, by bolstering our offerings at key price points and continuing the evolution of our assortment. Our three largest brands – Kay, Zales, and Jared – all saw sequential comp sales improvement from the fourth quarter on higher margins, highlighting the impact of our outsized focus on our larger brands.”
— J.K. Symancyk, Q1 2026 Earnings Press Release
SIG Earnings Trends
SIG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SIG EPS Trend
Earnings per share: estimate vs actual
SIG Revenue Trend
Quarterly revenue: estimate vs actual
SIG Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $1.38 | $1.56 | +12.89% | $1.55B | -0.01% |
| Q4 26 BEAT FY | $6.11 | $6.25 | +2.23% | $2.35B | +0.02% |
| FY Full Year | $9.47 | $9.60 | +1.39% | $6.81B | +0.01% |
| Q3 26 BEAT | $0.29 | $0.63 | +119.67% | $1.39B | +1.60% |
| Q2 26 BEAT | $1.24 | $1.61 | +29.74% | $1.54B | +2.19% |
| Q1 26 BEAT | $1.04 | $1.18 | +13.77% | $1.54B | +1.40% |
| Q4 25 BEAT FY | $6.25 | $6.62 | +5.86% | $2.35B | +0.90% |
| FY Full Year | $8.68 | $8.94 | +2.95% | $6.70B | +0.31% |