Signet Jewelers reports Q2 adjusted EPS $1.61, consensus $1.24

Reports Q2 revenue $1.5B, consensus $1.5B. Reports Q2 same store sales up 2.0% vs. last year. “Our Q2 results were driven by the expansion of on-trend fashion assortment and effective promotion and pricing strategies. Our heightened focus on Kay, Zales, and Jared fueled a combined same store sales increase of 5% at these brands. I would like to thank the team for their continued commitment to our Grow Brand Love strategy and their efforts this quarter,” said CEO J.K. Symancyk. “We have a sharp focus on delivering holiday with the right inventory levels at key price points and the launch of new collections in our largest brands, supported by fresh marketing campaigns.” “We grew Adjusted Operating Income more than 20% in the second quarter, led by comp growth, gross margin expansion, and cost savings related to our reorganization,” said COO and CFO Joan Hilson. “Reflecting second quarter results, expectations for the third quarter, and current tariff landscape, we’re raising our FY26 guidance. This updated guidance also includes share repurchases to date and assumes a measured consumer environment.”