Signet Jewelers (NYSE:SIG) reported fiscal Q2 2027 revenue of $1.5 billion, with same-store sales increasing 2.2% and adjusted diluted earnings per share soaring 36% year-over-year. This quarter marks the company’s fifth positive comparable-sales span in six quarters, reflecting growth across various price points and product categories.
The adjusted gross margin was approximately $600 million, improving 70 basis points due to merchandise margin increases and $13 million in tariff refunds. Signet expects total annual tariff refunds of about $30 million and reported cash of around $525 million, up nearly $250 million from the previous year.
On the operational front, Signet announced a seven-year renewal of its consumer-credit partnership with Bread Financial, projected to generate over $1 billion in additional revenue and $80 million in cash during Q3. The company’s full-year same-store-sales outlook has been raised to flat to up 2.5%, along with an increase in adjusted operating income expectations to $535 million to $605 million.
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