Signet Jewelers Reports Strong Q2 Earnings with Revenue of $1.5 Billion
Signet Jewelers (NYSE:SIG) reported strong second-quarter results for fiscal 2027, achieving revenue of $1.5 billion and a 36% year-over-year increase in adjusted earnings per share. Same-store sales rose by 2.2%, driven by robust performance in timepieces and bridal categories, although fashion sales declined slightly due to lower-price-point merchandise underperforming at Banter. The company raised its full-year guidance for same-store sales and operating income, citing strong first-half results, tariff refunds, cost control measures, and benefits from the Bread Financial partnership. Signet also announced a $400 million expansion of its share buyback program and plans to repurchase an additional $125 million in shares through accelerated purchases. Adjusted gross margin increased by 70 basis points due to merchandise improvements and tariff refunds that partially offset higher gold costs. The company ended the quarter with inventory valued at $2 billion, cash reserves of approximately $525 million, and improved free cash flow year-to-date.
Tickers: $SIG
Topics: financial_performance jewelry retail