Signet Jewelers 2026 Q3 Earnings Strong Performance as Net Income Surges 185.7%

Signet Jewelers (SIG) reported fiscal 2026 Q3 earnings on Dec 5, 2025, with revenue rising 3.1% to $1.39 billion and EPS surging 308.3% to $0.49. The company raised full-year guidance, reflecting confidence in its strategic initiatives and operational improvements.

Revenue

Bridal led with $648.40 million in revenue, followed by Fashion at $451.60 million, while Watches contributed $73.90 million and Services added $185.60 million. Additional segments, including Other, totaled $32.30 million, rounding out the $1.39 billion in total sales. This distribution highlights the company’s diversified revenue streams and strength in key categories.

Earnings/Net Income

The significant EPS increase underscores strong earnings momentum, outperforming prior expectations.

Price Action

The stock price of Signet Jewelers has edged down 2.30% during the latest trading day, has plummeted 17.13% during the most recent full trading week, and has tumbled 14.96% month-to-date.

Post-Earnings Price Action Review

The strategy of buying SIG when earnings beat expectations and holding for 30 days resulted in a 4.89% return, significantly underperforming the benchmark return of 75.02%. The strategy's CAGR was 1.02%, with a maximum drawdown of 0.00% and a Sharpe ratio of 0.03, indicating it managed risk well but offered minimal returns.

CEO Commentary

James Allen, CEO of Signet Jewelers, emphasized the company’s progress in executing its "Grow Brand Love" strategy, which has driven 3% same-store sales growth and improved gross margins. “Our focus on omnichannel capabilities and product innovation has strengthened our position in the market,” Allen stated, expressing optimism about future performance despite macroeconomic challenges.

Guidance

Signet raised its FY2026 adjusted EPS guidance to $8.43–$9.59 per diluted share, reflecting confidence in its ability to navigate tariffs and sustain growth. The company also expects Q4 sales of $2.24–$2.37 billion, with same-store sales ranging from -5% to +0.5%.

Additional News

1. UBS Price Target Increase: UBS raised its price target for SIG to $115 from $110, citing improved omnichannel capabilities and EBIT guidance.

2. Insider Transaction: Stanley W. Ptak, an officer, gifted 1,160 shares of SIG on Dec 3, 2025, as disclosed in a SEC filing.

3. Dividend and Buybacks: The company announced a $0.32 quarterly dividend and repurchased $28 million worth of shares during Q3.