Signet Jewelers Limited, the world’s largest retailer of diamond jewelry, announced its results for the 13 weeks ended May 3, 2025 that is 1Q FY 2026. “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 J.K. Symancyk, Chief Executive Officer.
“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 Joan Hilson, Chief Operating and Financial Officer.
“Given our positive performance, we are increasing the low end and maintaining the high end of our Fiscal 2026 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.”
By presenting their First Quarter Fiscal 2026 Highlights, Signet Jewelers said,
1: Sales of $1.5 billion, up $30.8 million or 2.0% to Q1 of FY25.
2: Same store sales (SSS) up 2.5% to Q1 of FY25.
3: Merchandise Average Unit Retail (AUR) increased approximately 8.0%.
4: Operating income of $48.1 million, down from $49.8 million in Q1 of FY25.
5: Adjusted operating income (3) of $70.3 million, up from $57.8 million in Q1 of FY25.
6: Diluted earnings per share (EPS) of $0.78, compared to a loss per share of $0.90 in Q1 of FY25. The current quarter EPS includes $0.46 of restructuring charges.
7: Adjusted diluted EPS (3) of $1.18, compared to $1.11 in Q1 of FY25.
In the 1Q report Signer said about their purpose and sustainability, “We continue to make notable progress on our over-arching commitment to leave a positive legacy in all the global communities where we work, live, and have the privilege to serve.
Signet’s latest Corporate Citizenship & Sustainability Report, released this week, highlights our work in Fiscal 2025 to advance our Corporate Sustainability Goals through the lens of our Three Loves framework – Love for All People, Love for Our Team, and Love for Our Planet and Products.
Highlights include surpassing $110 million in cumulative donations to St. Jude Children’s Research Hospital, achieving higher employee retention than the US retail average, and making significant advancements in our environmental stewardship, including the launch of a measurable carbon reduction plan and installation of our first on-site renewable energy system.
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