Signet Jewelers 2026 Q2 Earnings Sharp Improvement in Net Loss

Signet Jewelers (SIG) reported its fiscal 2026 Q2 earnings on Sep 05th, 2025. The company delivered better-than-expected results, with a significant reduction in losses and revenue growth, indicating early signs of recovery amid ongoing economic challenges.

Revenue for the quarter increased by 3.0% year-over-year to $1.54 billion, reflecting modest growth in the core jewelry markets. The company narrowed its net loss to $9.10 million, or $0.22 per share, from a loss of $98.50 million, or $2.28 per share, in the same period a year ago, representing a 90.8% reduction in losses.

Revenue was driven by strong performance across multiple segments, with bridal and fashion jewelry leading the charge. Bridal revenue amounted to $674.20 million, underscoring continued demand for wedding-related products. Fashion jewelry also contributed significantly, generating $542.90 million in revenue. Watch sales totaled $80.70 million, while services brought in $192.30 million. Additional revenue came from the "Other" segment at $45 million, rounding out the total revenue of $1.54 billion.

The company's net income improved sharply, with the net loss decreasing to $9.10 million in 2026 Q2 from $98.50 million in the prior-year quarter. Earnings per share also improved, narrowing to a loss of $0.22 from a loss of $2.28, a 90.4% reduction. This marked significant progress in controlling costs and improving operational efficiency.

In terms of stock performance, the shares of Signet Jewelers have seen a positive reaction post-earnings, climbing 3.43% during the latest trading day, 4.22% during the most recent full trading week, and surging 23.26% month-to-date. The upward trend suggests investor optimism about the company's turnaround efforts and its ability to manage through challenging market conditions.

In the 2026 Q2 earnings call, CEO Richard D. Hayne highlighted the challenges impacting the jewelry sector, including macroeconomic pressures and shifting consumer behavior. Despite these headwinds, Hayne emphasized the company’s commitment to enhancing customer experience through digital innovation and store optimization. He reiterated the importance of inventory management and pricing strategies to drive long-term profitability and expressed confidence in the resilience of the core business.

Looking ahead, the company anticipates cautious revenue growth and a continued focus on cost control to offset inflationary pressures. Hayne noted that the company is working closely with its teams to maintain flexibility and readiness for market changes. The strategic emphasis remains on operational efficiency and customer retention as primary growth drivers.

Meanwhile, the Nigerian news outlet Punch reported on various current events on the same day as Signet Jewelers’ earnings release, including arrests for vandalizing road barricades in Lagos, the commencement of a water tank project in Oyo, and political developments. Additionally, it covered the economic activities of the Apapa Customs command, which reported generating N3.7tn in 15 months, and highlighted the ongoing public debate sparked by Temi Otedola’s name change. These reports, while unrelated to Signet Jewelers, reflect the broader economic and social context in which the company operates.