Signet Reports Strong Q2 Results, Raises Full-Year Guidance
Signet Jewelers (SIG) reported second-quarter adjusted earnings of $2.19 per share, surpassing the analyst consensus estimate of $1.72 and driving a 9% rise in premarket trading. Revenue came in at $1.5 billion, slightly below but close to expectations. The company also raised its full-year profit guidance for fiscal 2027 due to strong performance across bridal and fashion categories. Signet increased its adjusted earnings per share outlook from a range of $9.20-$11.00 to $10.45-$12.15, with the new forecast above the consensus estimate of $10.82. The company also raised guidance for operating income and EBITDA while maintaining its sales target between $6.7 billion and $6.9 billion. The CEO highlighted growth in high-price-point unit sales and improvements across marketing and customer experience initiatives, positioning Signet well ahead of the holiday season.
Tickers: $SIG