Modest FY2026 Revenue Growth for Signet
March 16, 26
(IDEX Online) - Signet Jewelers says revenue for FY2026 increased slightly, up 1% to $6.8bn, according to preliminary results published on 9 March.
The results reflect modest growth amid macroeconomic headwinds. Full fiscal results are due to be released this Thursday, 19 March.
Signet, the world's largest retailer of diamond jewelry, reported an increase of 1.2% to 1.3% in same store sales for the year ending 31 January 2026. Average merchandise unit retail (AUR) - the average selling price for its products - was up 6-7%.
James Symancyk, the company's CEO, said the Grow Brand Love strategy - cultivating distinct identities for each of its main brands such as Kay, Zales, and Jared - delivered growth for the year, despite unprecedented tariffs, record gold costs, and cautious consumer spending.
"Sales momentum continued with a positive Valentine's Day performance with similar trends into March. We are looking forward to providing our strategic priorities and Fiscal 2027 guidance."
Preliminary results for Q4 held flat, with sales of $2.34bn to $2.35bn, no change from Q4 2025. Same store sales decreased by between 0.9% and 0.7% and AUR was up by 4-5%.
"We expect to deliver results in the upper half of our range, which included a pivot to broader promotions to meet consumer expectations resulting in a modest gross merchandise margin decline offset by further spend discipline," said Joan Hilson, Signet's chief operating and financial officer.
Pic of a Jared store.