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Signet Jewelers (SIG) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 3, 2025
Signet Jewelers (SIG) reported revenue of $1.5B for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -34% from the quarter before. Operating margin was 3.1%, net earnings $33.5M (2.2% of revenue).
Signet Jewelers, Q1 FY26: revenue $1.5B (+2% year over year), operating margin 3.1%, net earnings $33.5M, operating cash flow −$175M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -34% | +2% |
| Gross profit | $599M | -40% | +5% |
| Operating profit | $48.1M | -68% | -3% |
| Net earnings | $33.5M | -67% | -36% |
| Operating cash flow | −$175M | -122% | — |
What changed
Revenue was $1.5B in Q1 FY26, up 2% year over year and down 34% from the previous quarter. Bridal was the largest line at 45% of revenue. Bridal added $0.01B year over year (up 2%), 37% of the total change.
Gross margin was 38.8%, up 1.0 points from a year earlier. Operating profit was $0.05B, a 3.1% margin (down 0.2 points year over year). Operating profit fell $1.7M even though revenue rose $0.03B versus a year earlier, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+243%). Net earnings were $0.03B, down 36% year over year. The effective tax rate was 26.5%.
Operating cash flow was −$0.18B. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.21B.
Questions
What was Signet Jewelers' revenue in the first quarter fiscal 2026?
Signet Jewelers (SIG) reported revenue of $1.5B for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -34% from the quarter before.
Was Signet Jewelers profitable in the first quarter fiscal 2026?
Operating profit was $48.1M (3.1% of revenue) and net earnings $33.5M.
Source: Signet Jewelers 10-Q on SEC EDGAR.