Signet Jewelers Reports Profit Turnaround and Extends $1 Billion Credit Partnership
On September 9, 2026, Signet Jewelers Limited (NYSE:SIG) reported a second-quarter net profit of over $52 million, reversing from a loss the previous year. The company's adjusted earnings per share reached $2.19, surpassing analyst expectations and driving shares up as much as 24%. Same-store sales rose by 2.2%, outperforming forecasts, with positive performance across all three months of the quarter. Signet also raised its full-year profit guidance for the second time this fiscal year to $10.45-$12.15 per share and announced a $125 million accelerated share repurchase program. Additionally, it extended its consumer credit partnership with Bread Financial through 2035 under new terms expected to generate over $1 billion in incremental value. Despite improved profitability, revenue growth remained weak at $1.53 billion for the quarter. The company's earnings recovery is largely driven by margin expansion and cost discipline rather than strong demand across all product categories.
Tickers: $SIG