Signet Jewelers jumps after raising annual profit forecast
SIG•Same-store sales growth slows
Quarterly same-store sales growth slowed to 2.2% from 2.4% growth a year earlier.
Up to the last close, the stock had fallen about 10% in the last 12 months.
Holiday demand and quarterly results
Signet said it expects holiday demand across income brackets.
Second-quarter adjusted EPS of $2.19 beat analysts' estimate of $1.74, according to data compiled by LSEG.
Tariff refunds of $15 million exceeded expectation by $13 million, the company said.
Shares jump after forecast hike and profit beat
Shares of Signet Jewelers jumped about 14% to $94.11 premarket after the company raised its fiscal 2027 profit forecast following a quarterly profit beat, aided by tariff refunds, lower inventory and distribution costs.
SIG now expects fiscal 2027 adjusted EPS of $10.45 to $12.15, up from its prior view of $9.20 to $11.
The company also said it expects annual same-store sales to remain flat or grow up to , compared with its prior range of .
