Signet Jewelers shares surged 14% to $94.50 in early Wednesday trading after the specialty jewelry retailer raised its full-year profit guidance and posted a sixth consecutive earnings beat, even as it held sales guidance steady. The company reported second-quarter adjusted earnings per share of $2.19, well above the $1.74 consensus, with revenue of $1.53 billion in line with estimates and same-store sales up 2.2%. Signet raised its full-year adjusted EPS guidance to $10.45 to $12.15 from $9.20 to $11, and lifted adjusted operating income guidance to $535 million to $605 million, while maintaining sales guidance at $6.7 billion to $6.9 billion. The company also announced a $125 million accelerated share repurchase and expanded its total buyback authorization by $385 million to $700 million. In contrast, Tapestry, parent of Coach and Kate Spade, held steady at $117.58 after guiding fiscal 2027 revenue to $8.4 billion to $8.5 billion and adjusted EPS to $7.80 to $7.90, while retail ETFs XRT and XLY both declined, confirming that Signet's surge reflects company-specific margin gains rather than broad sector strength.
Signet Jewelers LtdRaised full-year profit guidance and announced share repurchase
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