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%. FY27 adjusted EPS guidance was raised to $10.45-$12.15, and Q3 FY27 revenue is guided to $1.4B. Margin expansion was driven by tariff refunds, lower inventory and distribution costs, and SG&A leverage from cost reductions and comp growth.
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%. FY27 adjusted EPS guidance was raised to $10.45-$12.15, and Q3 FY27 revenue is guided to $1.4B. Margin expansion was driven by tariff refunds, lower inventory and distribution costs, and SG&A leverage from cost reductions and comp growth.