Signet beats Q1 earnings estimates, raises fiscal 2027 outlook

Earnings
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Signet Jewelers reported adjusted earnings of $1.56 per share for the first quarter of fiscal 2027, beating the Zacks Consensus Estimate of $1.32 and rising 32.2% from a year ago. Total sales increased 0.8% to $1,553.6 million, slightly missing the consensus of $1,558 million, while same-store sales grew 1.8% driven by strength in Bridal and Fashion categories. Management raised its full-year adjusted EPS guidance to a range of $9.20 to $11.00, up from the prior $8.80 to $10.74, and lifted the midpoint of its sales and profitability outlook. The company also announced a $50 million accelerated share repurchase program and declared a quarterly dividend of 35 cents per share.

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Consumer Discretionary · 1 stocks
Signet Jewelers Ltd
SIG
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Signet beat earnings estimates, raised fiscal 2027 guidance, and announced a $50M buyback and dividend.