Signet Jewelers Q2 2026 Earnings Beat, Raises Full-Year Guidance Amid Credit Deal Benefits

Signet Jewelers (NYSE: SIG) reported a solid second-quarter 2026 earnings performance, with adjusted earnings per share (EPS) of $2.19—beating the $1.72 forecast by $0.47 (27.3%)—and a year-over-year increase of 36%. Revenue of $1.5 billion matched the $1.53 billion estimate, while same-store sales grew 2.2% year-over-year, marking the fifth consecutive quarter of positive comps. Adjusted operating income rose 25% to $107 million, with a 140-basis-point improvement in operating margin. Merchandise margins benefited from a $13 million tariff refund above expectations, while SG&A expenses declined by $12 million, reflecting operational efficiency gains. Inventory stood at $2 billion, down 1% year-over-year, and cash reserves increased to roughly $525 million, up nearly $250 million from the prior year.