Signet Jewelers raised its Fiscal 2027 earnings outlook after reporting stronger-than-expected first-quarter results, with same-store sales rising 1.8% and adjusted diluted EPS climbing 32% to $1.56. The performance was driven by growth across bridal and fashion jewellery, with average selling prices increasing about 5%.
Sales edged up to $1.55 billion in the quarter ended 2 May 2026, while adjusted operating income increased 11.8% to $78.6 million. The results suggest consumers remain willing to spend on higher-ticket jewellery despite a challenging retail environment.
Reported operating income fell to $36.9 million due to restructuring costs tied mainly to the integration of James Allen, a move aimed at streamlining operations and improving long-term profitability.
Buoyed by first-quarter performance and positive momentum heading into Mother’s Day, Signet raised its full-year adjusted EPS guidance to $9.20-$11.00 from $8.80-$10.74 and increased its adjusted operating income outlook to $480-$560 million.
The upgraded forecast signals management’s confidence that its brand-led growth strategy and cost-cutting measures are beginning to deliver results.
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