Signet Jewelers' Fiscal Q2 Adjusted Earnings Increase, Sales Decline; Fiscal 2027 Adjusted EPS Outlook Raised

07:15 AM EDT, 09/09/2026 (MT Newswires) -- Signet Jewelers (SIG) reported fiscal Q2 adjusted earnings Wednesday of $2.19 per diluted share, up from $1.61 a year earlier. Analysts polled by FactSet expected $1.74. Sales for the quarter ended Aug. 1 were $1.53 billion, down from $1.54 billion a year earlier. Analysts expected $1.53 billion. The company expects fiscal Q3 sales of $1.37 billion to $1.41 billion. Analysts expect $1.39 billion. For fiscal 2027, Signet raised its adjusted EPS guidance to between $10.45 and $12.15, up from $9.20 to $11 previously, and it maintained its sales outlook at $6.70 billion to $6.90 billion. Analysts expect $10.82 in adjusted EPS on revenue of $6.84 billion. Signet's board has approved a $385 million increase to its existing share buyback capacity, pushing the total authorization to $700 million, the company said. Signet also plans to sign a $125 million accelerated share repurchase deal in the near term, the company added. Shares of the company were up 17% in recent Wednesday premarket activity.