Signet Jewelers Stock Jumps as Q1 Results, Outlook Beat Estimates

Signet Jewelers (SIG) shares are jumping in premarket trading Tuesday after the jewelry retailer posted better-than-anticipated quarterly results and issued a rosy full-year outlook.

The owner of Zales, Jared, and Kay Jewelers reported first-quarter 2026 adjusted earnings per share (EPS) of $1.18 on revenue of $1.54 billion. Analysts polled by Visible Alpha expected $1.03 and $1.52 billion, respectively.

Signet forecast full-year sales in the range of $6.57 billion to $6.80 billion, versus $6.53 billion to $6.80 billion previously. The midpoint of $6.69 billion exceeds estimates of $6.68 billion, as per Visible Alpha. The company also projected adjusted EPS in the range of $7.70 to $9.38 versus $7.31 to $9.10 previously, with the midpoint of $8.54 exceeding the $8.23 forecast.

“Given our positive performance, we are increasing the low end and maintaining the high end of our Fiscal 2026 operating guidance,” Chief Operating and Financial Officer Joan Hilson said. “This outlook reflects the current macro environment and current tariffs as well as on track cost savings initiatives.”

Hilson added that the company was lifting its adjusted EPS outlook “to reflect the repurchase of more than 5% of outstanding shares year to date.” The company forecast second-quarter sales in the range of $1.47 billion to $1.51 billion, with the midpoint of $1.49 billion exceeding analysts’ estimates of $1.48 billion.

Signet shares are soaring 13% in premarket trading but are down 17% for the year entering Tuesday.