Key takeout
Signet Jewellers (SIG) stock jumped into indoor trading on Tuesday after gem retailers posted quarterly results more than expected and issued a rosy full-year outlook.
Zales, Jared and Kay Jewellers owners reported first-quarter adjusted earnings (EPS) of $1.18 earnings per share (EPS) against $1.54 billion in revenue. Analysts voted by the visible Alpha were expecting $1.03 and $1.52 billion, respectively.
Signet forecasts full-year sales ranging from $6.57 billion to $6.8 billion, previously between $6.53 billion and $6.8 billion. According to the visible Alpha, the midpoint of $6.69 billion is over $6.688 million. The company also forecasts adjusted EPS ranging from the previous $7.31 to $9.10 to $9.38 to $9.38, with a $8.54 midpoint exceeding the $8.23 forecast.
“Given positive performance, we are maintaining and maintaining the high-end sales guidance for 2026,” said CEO and Financial Officer Joan Hilson. “This outlook reflects the current macro environment and current tariffs and truck cost reduction initiatives.”
Hilson added that the company has added its adjusted EPS Outlook as “to reflect repurchases of more than 5% of previous outstanding shares.” The company forecasts second quarter revenues ranging from $1.47 billion to $1.51 billion, with a midpoint of $1.49 billion above analyst estimate of $1.48 billion.
Signet stocks are up 13% in pre-market trading, but are down 17% in the year that opens Tuesday.
