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May 03, 2025
Signet Q1 2026 Earnings Report
Reported strong Q1 Fiscal 2026 results with positive same store sales and increased adjusted EPS guidance.
Key Takeaways
Signet Jewelers delivered better-than-expected results for the first quarter of fiscal 2026, driven by positive same store sales growth across its key brands and improved margins. The company's strategic initiatives are showing early traction, leading to an increase in the lower end of its full-year operating guidance and a raise in adjusted EPS guidance, partly due to share repurchases.
Same store sales increased by 2.5% in Q1 Fiscal 2026, exceeding expectations.
Adjusted diluted EPS rose to $1.18 compared to $1.11 in the prior year quarter.
Gross margin improved by 100 basis points to 38.8% of sales.
The company repurchased $117.4 million of common shares during the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Signet is increasing the lower end of its Fiscal 2026 operating guidance and raising its adjusted EPS guidance, reflecting positive performance and share repurchases.
Positive Outlook
- Increased lower end of total sales guidance range for FY26.
- Increased lower end of same store sales guidance range for FY26.
- Increased lower end of adjusted operating income guidance range for FY26.
- Increased lower end of adjusted EBITDA guidance range for FY26.
- Raised adjusted diluted EPS guidance range for FY26.
Challenges Ahead
- Second quarter guidance for same store sales is between -1.5% and +1.0%.
- Second quarter guidance for adjusted operating income is between $53 million and $73 million.
- Guidance reflects the current macro environment.
- Guidance reflects current tariffs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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