What changed
Signet printed Q2 FY27 adjusted EPS of $2.19, up from $1.61 in Q2 FY26. Revenue was $1,528M, down 0.5% YoY, with same store sales up 2.2%. Management raised FY27 adjusted EPS guidance to $10.45-$12.15 and set Q3 FY27 revenue guidance at $1.4B. Margin expansion was driven by tariff refunds, lower inventory and distribution costs, and cost reductions from operating model changes.
Why it matters
Signet printed Q2 FY27 adjusted EPS of $2.19, up from $1.61 in Q2 FY26. Revenue was $1,528M, down 0.5% YoY, with same store sales up 2.2%. Management raised FY27 adjusted EPS guidance to $10.45-$12.15 and set Q3 FY27 revenue guidance at $1.4B. Margin expansion was driven by tariff refunds, lower inventory and distribution costs, and cost reductions from operating model changes.