We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Signet Eyes Solid FY26 Results Amid Pressures in Gold Prices
Read MoreHide Full Article
Key Takeaways
Signet expects Q4 sales of $2.34-$2.35B with same-store sales down 0.7-0.9% y/y.
SIG reported sequential monthly sales improvement and positive comps during peak holiday days.
Signet projects FY26 sales of $6.8B and more than $500M in free cash flow.
Signet Jewelers Limited (SIG - Free Report) released its preliminary sales results for the fourth quarter and fiscal 2026, highlighting improving sales trends during the quarter despite ongoing macroeconomic pressures. The company stated that performance improved each month sequentially on both one-year and two-year comparable bases, with positive comparable sales returning during peak holiday selling days and continuing through the remainder of the quarter.
The largest retailer of diamond jewelry globally also noted that its Grow Brand Love strategy supported annual growth, driven by a sharper focus on major brands such as Kay Jewelers, Zales and Jared, even amid challenges, including tariffs, record gold prices and cautious consumer spending. Sales momentum remained positive after the holiday season, with strong Valentine’s Day performance continuing into March.
The company expects results to come in the upper half of its projected range. To better align with consumer expectations, the company expanded promotional activities, which is expected to result in a modest decline in the gross merchandise margin. However, this impact is being offset through disciplined spending and operational efficiencies. The company also expects strong operating performance and effective working capital management to generate more than $500 million in free cash flow during fiscal 2026.
Signet’s Q4 Performance Overview
For the fourth quarter of fiscal 2026, Signet expects sales between $2.34 billion and $2.35 billion. Same-store sales are projected to decline 0.7-0.9% compared with the fourth quarter of fiscal 2025, while merchandise average unit retail is expected to increase 4-5% year over year.
The company anticipates operating income of $313-$318 million, with adjusted operating income expected between $322 million and $327 million.
SIG’s FY26 Results
For fiscal 2026, Signet projects total sales of $6.8 billion, with same-store sales growth of 1.2-1.3% compared with fiscal 2025. Merchandise average unit retail is expected to rise 6-7% year over year.
The company forecasts operating income between $388 million and $393 million, while adjusted operating income is estimated to be $510-$515 million.
Here’s What Latest Metrics Say About Signet
The SIG stock has gained 10.9% in the year-to-date period compared with the industry’s growth of 9%.
Image Source: Zacks Investment Research
Signet’s forward 12-month price-to-earnings ratio of 8.93 reflects a lower valuation than the industry’s average of 10.54.
Image Source: Zacks Investment Research
Signet currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
We have highlighted three better-ranked stocks, namely, FIGS Inc. (FIGS - Free Report) , Deckers Outdoor Corporation (DECK - Free Report) , and Boot Barn Holdings, Inc. (BOOT - Free Report) .
FIGS is a direct-to-consumer healthcare apparel and lifestyle brand, and it currently flaunts a Zacks Rank #1 (Strong Buy). FIGS delivered a trailing four-quarter earnings surprise of 187.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for FIGS’ current financial-year sales indicates growth of 11.4% from the year-ago reported numbers.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It flaunts a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 8.5% and 8.9%, respectively, from the year-ago actuals. DECK delivered a trailing four-quarter average earnings surprise of 36.9%.
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently carries a Zacks Rank of 2.
The Zacks Consensus Estimate for Boot Barn’s current fiscal earnings and sales suggests growth of 26% and 17.7%, respectively, from the year-ago actuals. Boot Barn delivered a trailing four-quarter average earnings surprise of 4.9%.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Shutterstock
Signet Eyes Solid FY26 Results Amid Pressures in Gold Prices
Key Takeaways
Signet Jewelers Limited (SIG - Free Report) released its preliminary sales results for the fourth quarter and fiscal 2026, highlighting improving sales trends during the quarter despite ongoing macroeconomic pressures. The company stated that performance improved each month sequentially on both one-year and two-year comparable bases, with positive comparable sales returning during peak holiday selling days and continuing through the remainder of the quarter.
The largest retailer of diamond jewelry globally also noted that its Grow Brand Love strategy supported annual growth, driven by a sharper focus on major brands such as Kay Jewelers, Zales and Jared, even amid challenges, including tariffs, record gold prices and cautious consumer spending. Sales momentum remained positive after the holiday season, with strong Valentine’s Day performance continuing into March.
The company expects results to come in the upper half of its projected range. To better align with consumer expectations, the company expanded promotional activities, which is expected to result in a modest decline in the gross merchandise margin. However, this impact is being offset through disciplined spending and operational efficiencies. The company also expects strong operating performance and effective working capital management to generate more than $500 million in free cash flow during fiscal 2026.
Signet’s Q4 Performance Overview
For the fourth quarter of fiscal 2026, Signet expects sales between $2.34 billion and $2.35 billion. Same-store sales are projected to decline 0.7-0.9% compared with the fourth quarter of fiscal 2025, while merchandise average unit retail is expected to increase 4-5% year over year.
The company anticipates operating income of $313-$318 million, with adjusted operating income expected between $322 million and $327 million.
SIG’s FY26 Results
For fiscal 2026, Signet projects total sales of $6.8 billion, with same-store sales growth of 1.2-1.3% compared with fiscal 2025. Merchandise average unit retail is expected to rise 6-7% year over year.
The company forecasts operating income between $388 million and $393 million, while adjusted operating income is estimated to be $510-$515 million.
Here’s What Latest Metrics Say About Signet
The SIG stock has gained 10.9% in the year-to-date period compared with the industry’s growth of 9%.
Image Source: Zacks Investment Research
Signet’s forward 12-month price-to-earnings ratio of 8.93 reflects a lower valuation than the industry’s average of 10.54.
Image Source: Zacks Investment Research
Signet currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
We have highlighted three better-ranked stocks, namely, FIGS Inc. (FIGS - Free Report) , Deckers Outdoor Corporation (DECK - Free Report) , and Boot Barn Holdings, Inc. (BOOT - Free Report) .
FIGS is a direct-to-consumer healthcare apparel and lifestyle brand, and it currently flaunts a Zacks Rank #1 (Strong Buy). FIGS delivered a trailing four-quarter earnings surprise of 187.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for FIGS’ current financial-year sales indicates growth of 11.4% from the year-ago reported numbers.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It flaunts a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 8.5% and 8.9%, respectively, from the year-ago actuals. DECK delivered a trailing four-quarter average earnings surprise of 36.9%.
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently carries a Zacks Rank of 2.
The Zacks Consensus Estimate for Boot Barn’s current fiscal earnings and sales suggests growth of 26% and 17.7%, respectively, from the year-ago actuals. Boot Barn delivered a trailing four-quarter average earnings surprise of 4.9%.