Overview

* Signet fiscal Q2 revenue rises, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q2 beats consensus, per LSEG data

* Company raises FY26 guidance, indicating confidence in strategic initiatives

Outlook

* Signet raises FY26 sales guidance to $6.67-$6.82 bln

* Company expects Q3 sales between $1.34 bln and $1.38 bln

* Signet sees FY26 adjusted EPS of $8.04-$9.57

* Company anticipates FY26 adjusted operating income of $445-$515 mln

Result Drivers

* FASHION ASSORTMENT - Expansion of on-trend fashion assortment contributed to Q2 results

* BRAND FOCUS - Increased focus on Kay, Zales, and Jared led to a 5% same store sales increase at these brands

* COST SAVINGS - Adjusted operating income growth driven by gross margin expansion and cost savings from reorganization

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.54 $1.50

Revenue bln bln (7

Analysts

)

Q2 Beat $1.61 $1.23 (7

Adjusted Analysts

EPS )

Q2 EPS -$0.22

Q2 Miss $2.80 $66.80

Operatin mln mln (7

g Income Analysts

)

Q2 0.2%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "hold."

* Wall Street's median 12-month price target for Signet Jewelers Ltd ( SIG ) is $92.00, about 4.3% above its August 29 closing price of $88.05

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)