Q2 26 EPS
$1.61
BEAT +29.74%
Est. $1.24
Q2 26 Revenue
$1.54B
BEAT +2.19%
Est. $1.50B
vs S&P Since Q2 26
-21.5%
TRAILING MARKET
SIG -5.2% vs S&P +16.3%
Market Reaction
Did SIG Beat Earnings? Q2 2026 Results
Signet Jewelers delivered a standout second quarter of Fiscal 2026, posting adjusted earnings of $1.61 per share against a consensus estimate of $1.24, a 29.74% beat, while revenue climbed 3.0% year over year to $1.54 billion, edging past the $1.50 b… Read more Signet Jewelers delivered a standout second quarter of Fiscal 2026, posting adjusted earnings of $1.61 per share against a consensus estimate of $1.24, a 29.74% beat, while revenue climbed 3.0% year over year to $1.54 billion, edging past the $1.50 billion analyst forecast by 2.19%. The quarter's outperformance was anchored by a 5% same-store sales gain across Kay, Zales, and Jared, fueled by an expanded on-trend fashion assortment and a 9% rise in Merchandise Average Unit Retail, as bridal and fashion categories both traded up meaningfully. Gross margin widened 60 basis points to 38.6%, while adjusted operating income surged more than 20% to $85.40 million, expanding the adjusted operating margin to 5.6% from 4.6% a year prior. Lab-grown diamonds priced under $1,000 emerged as a notable demand driver, reflecting a broader trade-up dynamic among consumers. Encouraged by the momentum, Signet raised its full-year adjusted diluted EPS guidance to $8.04 to $9.57, though management flagged that ongoing tariff uncertainty could push results toward the lower end of that range if India's trade penalty remains in place.
Key Takeaways
- • Expansion of on-trend fashion assortment
- • Effective promotion and pricing strategies
- • Combined 5% same-store sales increase at Kay, Zales, and Jared
- • Merchandise AUR up 9%, with Bridal up 4% and Fashion up 12%
- • Gross margin expansion of 60 basis points driven by merchandise margin and fixed cost leverage
- • SG&A leverage of 50 basis points from reorganization cost savings
- • Adjusted operating income grew more than 20% year-over-year
SIG YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
SIG Revenue by Segment
With YoY comparisons, source: SEC Filings
SIG Revenue by Geography
Regional revenue distribution
“Our second quarter results were driven by the expansion of on-trend fashion assortment and effective promotion and pricing strategies. Our heightened focus on Kay, Zales, and Jared fueled a combined same store sales increase of 5% at these brands. I would like to thank the team for their continued commitment to our Grow Brand Love strategy and their efforts this quarter.”
— J.K. Symancyk, Q2 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% |