SIG earnings analysis
What we found in SIG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- Adjusted Margin Expanded
- Adjusted operating margin expanded to 7.0%, indicating improved profitability despite revenue of $1,528.1 million.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.33
What they said about what is next.
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.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing SIG makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever