Signet Jewelers ($SIG) Reports Stable Revenue in Q4

Signet Jewelers (NYSE: SIG) reported its fourth quarter financial results, with revenues slightly exceeding analyst expectations. Revenue remained unchanged from a year earlier.

Adjusted earnings per share for the quarter were $6.25, surpassing analyst estimates. However, this reflects a decrease from the earnings reported a year earlier.

Revenues for the fourth quarter were $2.35 billion, marginally above the analyst projection. This figure remained stable compared to the previous year.

Same-store sales for the fourth quarter declined by 0.7 percent. Merchandise average unit retail increased by approximately 5 percent, with growth in both Bridal and Fashion segments.

Adjusted operating income for the quarter was $327.3 million, a decrease from the previous year’s fourth quarter. Gross margin was $985.1 million, or 42.0 percent of sales, down approximately $17 million from the prior year.

For the full year 2026, sales reached $6.81 billion, with a same-store sales increase of 1.3 percent. Merchandise average unit retail rose by approximately 7 percent, with growth in both Bridal and Fashion. Adjusted operating income was $515.0 million, an increase from the previous year. Adjusted diluted EPS was $9.60, compared to $8.94 the previous year.

Signet provided its fiscal year 2027 earnings outlook, projecting earnings per share between $8.80 and $10.74, which is below analyst expectations. The company anticipates revenues for the same period to range from $6.60 billion to $6.90 billion, also below forecasts.

For the first quarter of fiscal year 2027, revenue is expected to be between $1.53 billion and $1.57 billion, aligning closely with market estimates.

Signet’s Board of Directors has declared a quarterly cash dividend of $0.35 per share for the first quarter of Fiscal 2027, payable on May 22, 2026, to shareholders of record on April 24, 2026.

J.K. Symancyk, Chief Executive Officer, commented, “FY26 delivered over a point of comp growth driven by heightened focus on our three largest brands – Kay, Zales, and Jared. Building on that momentum, FY27 will focus on accelerating core performance through sharper brand differentiation, broader customer reach, and a more seamless in‑store and digital experience.”