Signet Jewelers raised its full-year adjusted earnings guidance by more than 10% after reporting second quarter FY27 results on September 9, citing tariff refunds, additional share buybacks and resilient operating performance. Same store sales rose 2.2% year over year, though total reported sales slipped 0.5% to $1.528 billion, and adjusted operating income climbed to $107.2 million from $85.4 million a year earlier, producing adjusted diluted earnings per share of $2.19 versus $1.61. Gross margin reached 39.4%, up 80 basis points, a gain that included roughly $15 million in tariff refunds along with lower inventory and distribution expenses, while adjusted operating margin rose to 7% from 5.6%. The company bought back $87 million, or 1 million common shares, during the quarter and plans a $125 million Accelerated Share Repurchase program in the near term. For the full year, Signet now forecasts adjusted operating income of $535 million to $605 million, up from prior guidance of $480 million to $560 million, and adjusted diluted EPS of $10.45 to $12.15, revised from $9.20 to $11.
Signet Jewelers LtdSignet raised full-year adjusted EPS guidance by over 10% on tariff refunds, buybacks, and stronger operating income.
