The earnings call reflected a generally positive sentiment, with strong growth in same-store sales, brand alignment success, and strategic initiatives driving performance. However, challenges with the James Allen brand and concerns about tariffs present ongoing risks.

Company Guidance

During the Signet Jewelers Limited first quarter fiscal 2026 earnings call, the company reported several key metrics demonstrating positive performance. Same-store sales grew by 2.5%, exceeding expectations, and adjusted operating income rose more than 20% from the previous year to $70 million. Merchandise average unit retail (AUR) increased approximately 8%, driven by a 10% rise in fashion and a slight increase in bridal. The company also achieved a gross margin expansion of 100 basis points. Lab-grown diamond (LGD) fashion sales surged by 60%, contributing to overall sales growth, particularly at key price points between $250 to $500. Additionally, the three largest brands, Kay, Zales, and Jared, delivered double-digit e-commerce sales growth and expanded sales per square foot by nearly 5% year-over-year. The company's liquidity position ended at $1.4 billion, with $264 million in cash and approximately $600 million remaining in share repurchase authorization. For the full year, Signet increased its adjusted earnings per share guidance to a range of $7.70 to $9.38, reflecting confidence in their Grow Brand Love strategy and organizational realignment efforts.

Same-Store Sales and Operating Income Growth

Same-store sales and adjusted operating income growth exceeded expectations, supported by the Grow Brand Love strategy. Same-store sales growth was reported at 2.5%.

Brand Strategy Success

The company's efforts to align its brands (Kay, Zales, and Jared) with unique target audiences resulted in a combined 4% comp sales increase for these brands in the first quarter.

E-commerce and New Product Performance

Kay, Zales, and Jared achieved double-digit e-commerce sales growth, and new product sales penetration increased by eight points.

Lab-Grown Diamonds (LGD) Growth

Lab-grown diamond fashion growth was 60% this quarter, contributing to merchandise average unit retail (AUR) growth, with LGD penetration reaching approximately 20%.

Share Repurchase and Liquidity

The company repurchased approximately 2.3 million shares year-to-date and has a liquidity position of $1.4 billion.

Store Reorganization Progress

The company renovated approximately 40 stores and closed 14 stores in the quarter, with plans to close underperforming mall locations and reposition others.

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
Aug 28, 2025	2026 (Q2)	1.16 / -	1.25	―	―	―
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)	―
Jun 08, 2023	2024 (Q1)	1.49 / 1.78	2.86	-37.76% (-1.08)	―

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
Jun 03, 2025	$66.81	$75.13	+12.45%
Mar 19, 2025	$48.04	$56.34	+17.28%
Dec 05, 2024	$97.73	$86.06	-11.94%
Sep 12, 2024	$77.05	$85.79	+11.34%

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.