Signet Jewelers reported fiscal 2027 second-quarter revenue of $1.5 billion, with same-store sales up 2.2% and adjusted EPS up 36% year over year, prompting the company to raise its full-year outlook and expand its buyback program. The company lifted its full-year same-store-sales guidance to flat to up 2.5% and now expects adjusted operating income of $535 million to $605 million, an increase of nearly $50 million at the midpoint. Signet also renewed its consumer-credit partnership with Bread Financial for seven years through December 2035, a deal it estimates will generate more than $1 billion in incremental revenue and operating income over its term. The company increased its share-repurchase authorization by nearly $400 million and plans a $125 million accelerated share repurchase this month. CEO J.K. Symancyk cited strong performance at higher price points, with timepieces posting nearly double-digit comparable-sales growth, while fashion sales declined 1%.
Signet Jewelers LtdRaised full-year guidance, expanded buyback by $400M, and announced $125M accelerated share repurchase after strong Q2.
Bread Financial Holdings, Inc.Renewed credit partnership with Signet through 2035 expected to generate over $1B in incremental revenue and operating income.
