The earnings call presented a generally positive outlook with consistent same-store sales growth, strategic expansion in lab-grown diamonds, and improved marketing efficiency. However, challenges remain with certain non-core brands, tariff-related pressures, and flat bridal units. The company is well-prepared for the holiday season and confident in navigating these issues.

Company Guidance

During the Signet Jewelers' second quarter fiscal 2026 earnings call, the company provided several key metrics and insights into its performance and future outlook. Same-store sales increased by 2%, exceeding expectations, driven by strong performance from the Kay, Zales, and Jared brands, which collectively achieved approximately 5% growth. The company also reported a high single-digit growth in services and a 2% comp growth in the fashion category. Lab-grown diamonds (LGD) saw a significant penetration, accounting for about 14% of fashion sales. The company's revenue for the quarter surpassed $1.5 billion, with fashion delivering a 2% comp growth, and merchandise average unit retail (AUR) increasing by roughly 9%. Additionally, the company raised its full-year guidance, expecting total sales between $6.67 billion to $6.82 billion and adjusted earnings per share (EPS) ranging from $8.04 to $9.57. The company is also adapting to a dynamic tariff environment, particularly with India, by optimizing its inventory and strategic sourcing.

Positive Same-Store Sales Growth

Delivered another quarter of positive same-store sales and earnings ahead of expectations with eight consecutive months of positive comps, including a 2% increase in the second quarter.

Growth in Key Brands and Categories

Kay, Zales, and Jared delivered a combined same-store sales growth of approximately 5% in back-to-back quarters. Fashion category saw a 2% comp growth, and services posted a high single-digit comp growth.

Lab-Grown Diamonds (LGD) Expansion

LGD fashion pieces grew to approximately 14% penetration of fashion sales, doubling from the previous year, indicating strong consumer interest.

Improved Marketing Efficiency

Achieved a more than 40% increase in impressions on a mid-single-digit increase in media spend, with a more than 20% increase in social media channel buys.

Gross Margin and Operating Income Growth

Gross margin rate expanded by 60 basis points, with adjusted operating income growing more than 20% to $85 million for the quarter.

Strong Cash Position and Share Repurchases

Ended the quarter with $281 million in cash and repurchased approximately $32 million shares, with remaining repurchase authorization of $570 million.

Positive Developments in Digital Brands

Blue Nile returned to positive comps in July with a 25% increase in fashion revenue in the second quarter.

Signet Jewelers (SIG) Earnings, Revenues Date & History

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SIG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 04, 2025	2026 (Q3)	0.24 / -	0.24	―	―	―
Sep 02, 2025	2026 (Q2)	1.24 / 1.61	1.25	28.80% (+0.36)	―
Jun 03, 2025	2026 (Q1)	1.00 / 1.18	1.11	6.31% (+0.07)	―
Mar 19, 2025	2025 (Q4)	6.25 / 6.62	6.73	-1.63% (-0.11)	―
Dec 05, 2024	2025 (Q3)	0.32 / 0.24	0.24	0.00% (0.00)	―
Sep 12, 2024	2025 (Q2)	1.14 / 1.25	1.55	-19.35% (-0.30)	―
Jun 13, 2024	2025 (Q1)	0.85 / 1.11	1.78	-37.64% (-0.67)	―
Mar 20, 2024	2024 (Q4)	6.37 / 6.73	5.52	21.92% (+1.21)	―
Dec 05, 2023	2024 (Q3)	0.18 / 0.24	0.74	-67.57% (-0.50)	―
Aug 31, 2023	2024 (Q2)	1.45 / 1.55	2.68	-42.16% (-1.13)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SIG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 02, 2025	$88.05	$90.46	+2.74%
Jun 03, 2025	$66.56	$74.84	+12.44%
Mar 19, 2025	$47.85	$56.13	+17.30%
Dec 05, 2024	$97.35	$85.73	-11.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.