Signet Jewelers (SIG) Posts Lower Q1 Net Income, Raises FY27 Adjusted EPS Outlook

Signet Jewelers Ltd. (NYSE: SIG) reported a decline in fiscal first-quarter net income on Tuesday, but lifted its full-year adjusted earnings guidance, signaling improved profitability expectations despite softer demand. Net income for the period ended May 3 fell to $87.2 million, or $1.62 per diluted share, from $98.5 million, or $1.84 per share, a year earlier. Revenue rose 1.5% to $1.68 billion, as same-store sales edged up 0.8%. The parent of Kay Jewelers and Zales now projects adjusted earnings per share for fiscal 2027 in a range of $9.60 to $9.90, up from the prior outlook of $9.20 to $9.60. The upgrade reflects stronger gross margins and cost controls, driven by supply-chain efficiencies. Analysts had anticipated adjusted EPS of $9.45. The company maintained its outlook for modest revenue growth for the year.