Loading...
•
Aug 02
Signet Q2 2026 Earnings Report
Signet reported improved margins and stronger profitability in Q2 2026, exceeding prior guidance and raising full-year outlook.
Key Takeaways
Signet Jewelers delivered $1.54B in sales and improved adjusted operating income by over 24% YoY. The company reduced net loss and demonstrated margin expansion through strategic initiatives across major brands.
Revenue grew 3.0% YoY to $1.54B, led by stronger fashion assortment and pricing strategies.
Adjusted EPS reached $1.61, up from $1.25 in Q2 FY25.
Operating income turned positive at $2.8M, up from a $100.9M loss a year ago.
Gross margin improved by 60 basis points to 38.6%, driven by merchandise margin expansion.
Signet
Signet
Signet Revenue by Segment
Signet Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Signet raised its full-year FY26 guidance, citing solid Q2 performance and measured consumer outlook.
Positive Outlook
- FY26 revenue guidance raised to $6.67B–$6.82B
- Adjusted EPS outlook increased to $8.04–$9.57
- Q3 sales forecast between $1.34B–$1.38B
- Expected adjusted operating income for FY26 up to $515M
- Strong positioning ahead of holiday season with new product launches
Challenges Ahead
- Ongoing digital brand impairments impacted GAAP EPS
- Inventory levels remain flat YoY despite sales growth
- Consumer environment remains 'measured' and uncertain
- Free cash flow remained negative at -$149.6M
- Tariff uncertainty may pressure margins in H2
Revenue & Expenses
Visualization of income flow from segment revenue to net income