Signet Jewelers 2026 Q2 Earnings Strong Performance as Net Income Surges 90%

Signet Jewelers(SIG) reported its fiscal 2026 Q2 earnings on Sep 02nd, 2025. The company significantly outperformed expectations, with a 90.4% improvement in per-share loss and a net loss reduction of 90.8%. Signet also raised its full-year 2026 guidance, signaling strong operational momentum.

Revenue
Total revenue increased by 3.0% year-over-year to $1.54 billion in 2026 Q2, compared to $1.49 billion in the same period in 2025.

Earnings/Net Income
Signet Jewelers narrowed its per-share loss to $0.22 in 2026 Q2, an improvement from a $2.28 loss in 2025 Q2. The company's net loss also decreased significantly, from $-98.50 million in 2025 Q2 to $-9.10 million in 2026 Q2. This marked a 90.4% and 90.8% improvement in per-share loss and net loss, respectively, demonstrating a notable turnaround in profitability.

Price Action
The stock price of Signet Jewelers edged down 0.20% during the latest trading day but gained 6.21% during the most recent full trading week and climbed 14.36% month-to-date, reflecting strong investor sentiment post-earnings.

Post-Earnings Price Action Review
The stock experienced a mixed post-earnings performance, with a minor decline in a single trading session followed by robust gains over the week and month. The price trajectory suggests a positive market reaction to the company's improved financials and strategic progress.

CEO Commentary
CEO JK Symancyk highlighted Signet’s 2% same-store sales growth and 8 consecutive months of positive comps, driven by its focus on the Kay, Zales, and Jared brands. He emphasized the progress on the “Grow Brand Love” strategy, including new merchandise such as lab-grown diamond fashion assortments, the UNSPOKEN and Shy Creation collections, and a full-funnel marketing approach. Symancyk also expressed confidence in navigating the second half of the year despite challenges from tariffs, leveraging domestic production and pricing strategies for resilience.

Guidance
Signet provided optimistic guidance for Q3 2026, projecting revenue between $1.34 billion and $1.38 billion, with same-store sales expected in the range of -1.25% to +1.25%. For full-year 2026, total sales are projected at $6.67 billion to $6.82 billion, with same-store sales between -0.75% and +1.75%. Adjusted operating income is expected to range from $445 million to $515 million, with adjusted EPS at $8.04 to $9.57 per diluted share. The company outlined potential outcomes based on Indian import tariffs, with middle-to-lower end projections if penalties persist and upper-half potential if removed. Capital expenditures for the year are estimated at $145 million to $160 million, focusing on real estate and in-store experience improvements.

Additional News
Recent news surrounding Signet includes its strategic focus on lab-grown diamonds and enhanced marketing efforts. The company's improved financial performance has led to increased market confidence, reflected in the stock's strong gains over the past week and month. Additionally, Signet's guidance adjustments and CEO commentary underscore a resilient growth strategy amidst macroeconomic headwinds, particularly regarding import tariffs. These developments position the company well for a strong finish to the fiscal year.