Signet Jewelers Limited announced its results for the 13 weeks ended November 1, 2025, with a 3% same store sales growth led by its largest brands Kay, Zales, and Jared.
The company's balanced diamond assortment strategy and stabilization in diamond retail prices drove growth and expanded average retails in both Bridal and Fashion categories.
Signet continues to focus on pricing and assortment strategies that support merchandise margin expansion, despite tariffs and higher gold costs.
Sales Growth
Sales of $1.4 billion, up 3.1% compared to Q3 of FY25.
Gross Margin Expansion
Gross margin rate grew 130 basis points to 37.3%, driven by gross merchandise margin expansion and services growth.
Profit Increase
Adjusted operating income increased to $32.0 million, up from $16.2 million in Q3 of FY25.
Earnings Per Share
Adjusted diluted EPS was $0.63, compared to $0.24 in Q3 of FY25.
Cash Flow Improvement
Free cash flow improved by more than $100 million in the quarter compared to the previous year.
- Signet's Grow Brand Love strategy resulted in sustainable sales growth, indicating positive brand sentiment and customer loyalty.
- The company's effective pricing and assortment strategies contributed to merchandise margin expansion despite external challenges like tariffs and higher gold costs.
Signet Jewelers' strong performance in the third quarter of Fiscal 2026 showcases the effectiveness of its strategic initiatives and resilient business model. With a focus on key brands and pricing strategies, Signet is well-positioned for continued growth and success in the upcoming holiday season and beyond.