10-Q · June 2, 2026
Signet Jewelers reported Q1 fiscal 2027 results with revenue of $1.55 billion, up 0.8% year-over-year, slightly ahead of expectations. The company experienced a decline in gross margin to 35.8% and operating income…
Earnings analysis · 10-Q
SIG earnings analysis
Filed September 9, 2026 · Our reading of the company's report
The latest report
Signet reported $1,528.1 million of revenue and GAAP diluted EPS of $1.33, while adjusted diluted EPS was $2.19 and adjusted operating margin expanded to 7.0%. Management raised Fiscal 2027 adjusted EPS guidance to…
Read full summary
Signet reported $1,528.1 million of revenue and GAAP diluted EPS of $1.33, while adjusted diluted EPS was $2.19 and adjusted operating margin expanded to 7.0%. Management raised Fiscal 2027 adjusted EPS guidance to $10.45-$12.15, along with adjusted operating income and EBITDA guidance, but maintained sales guidance at $6.7 billion-$6.9 billion. Negative year-to-date free cash flow of $138.4 million and $19.5 million of impairments temper the improved profitability outlook.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.33
What stood out
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Adjusted EPS Rose 36%
Revenue was $1,528.1 million, while adjusted diluted EPS was $2.19, up 36% year over year according to the company’s quarterly results.
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Adjusted Margin Expanded
Adjusted operating margin expanded to 7.0%, indicating improved profitability despite revenue of $1,528.1 million.
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Profit Guidance Raised
Fiscal 2027 adjusted EPS guidance was raised to $10.45-$12.15 from $9.20-$11.00; adjusted operating income guidance increased to $535 million-$605 million.
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EBITDA Outlook Increased
Adjusted EBITDA guidance increased to $730 million-$800 million from $665 million-$745 million, while total sales guidance was maintained at $6.7 billion-$6.9 billion.
What to watch
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Asset Impairments Reduced GAAP EPS
GAAP diluted EPS was $1.33, reduced by $19.5 million of asset impairments, creating a material gap versus adjusted diluted EPS of $2.19.
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Year-to-Date Cash Flow Negative
Year-to-date free cash flow was negative $138.4 million, limiting internally generated liquidity during the first half of Fiscal 2027.
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Sales Growth Remains Constrained
Revenue was $1,528.1 million, slightly below the $1,529.6 million consensus estimate, leaving the company dependent on the maintained $6.7 billion-$6.9 billion full-year sales outlook.
Management's outlook
Fiscal 2027 adjusted EPS guidance was raised to $10.45-$12.15 from $9.20-$11.00. Adjusted operating income guidance increased to $535 million-$605 million from $480 million-$560 million, and adjusted EBITDA guidance increased to $730 million-$800 million from $665 million-$745 million. Total sales guidance was maintained at $6.7 billion-$6.9 billion.
Earlier filings 4
10-K · March 19, 2026
Signet’s new Grow Brand Love strategy (launched in Fiscal 2026) coincided with a strong Holiday quarter: Q4 revenue of $2.35 billion and a reported diluted EPS of $6.02, with gross margin 42.0% and operating margin…
10-K · March 19, 2025
Signet Jewelers Limited's 10-K report for the period ending February 1, 2025, highlights a strong recovery in sales, fueled by the successful execution of its 'Grow Brand Love' strategy aimed at innovation and market…
10-Q · September 12, 2024
Signet reported a weaker quarter with sales of $1,491.0 million (down $122.6 million vs. $1,613.6 million a year ago) and an operating loss of $100.9 million, driven primarily by $166.2 million of asset impairment…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.