Signet Jewelers reports Q1 adjusted EPS $1.18, consensus $1.04

Reports Q1 revenue $1.5B, consensus $1.52B. “We delivered positive same store sales growth each month of the quarter, and into May, by bolstering our offerings at key price points and continuing the evolution of our assortment. Our three largest brands – Kay, Zales, and Jared – all saw sequential comp sales improvement from the fourth quarter on higher margins, highlighting the impact of our outsized focus on our larger brands,” said CEO J.K. Symancyk. “The Grow Brand Love strategy is gaining traction and our reorganization is substantially complete. While we’re in the early innings of Grow Brand Love, our strategy is already driving growth in both Bridal and Fashion. I would like to thank the team for activating our strategy and delivering positive initial results”. “Our refined promotional strategy and inventory management delivered both gross merchandise margin and adjusted operating margin expansion in the quarter with sales improvement outpacing inventory growth,” said COO and CFO Joan Hilson. “Given our positive performance, we are increasing the low end and maintaining the high end of our FY26 operating guidance. This outlook reflects the current macro environment and current tariffs as well as on track cost savings initiatives. Further, we are raising our adjusted EPS guidance to reflect the repurchase of more than 5% of outstanding shares year to date.”