Filing Flows › Signet Jewelers (SIG) › Q2 FY27 › vs Q2 FY26
Signet Jewelers (SIG) Q2 FY27 vs Q2 FY26 (year over year)
Signet Jewelers's revenue fell $7.0M (-0.5%) from $1.5B in Q2 FY26 to $1.5B in Q2 FY27. The biggest changes: Merchandise and other sales −$13.9M (-1%); Service sales +$6.9M (+4%). Gross margin 39.4% against 38.6% (+0.9 pts).
Signet Jewelers, Q2 FY27: revenue $1.5B (-0.5% year over year), operating margin 5.7%, net earnings $52.1M, operating cash flow $71.2M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 39.4% | 38.6% | +0.9 pts |
| Operating margin | 5.7% | 0.2% | +5.5 pts |
| Net margin | 3.4% | -0.6% | +4.0 pts |
| Free cash flow margin | 2.0% | 4.1% | -2.0 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Bridal | $663M | $666M | −$3.4M | -0.5% |
| Fashion | $536M | $550M | −$14.8M | -3% |
| Watches | $89.3M | $80.7M | $8.6M | +11% |
| Other | $41.5M | $45.8M | −$4.3M | -9% |
| Merchandise and other sales | $1.3B | $1.3B | −$13.9M | -1% |
| Service sales | $199M | $192M | $6.9M | +4% |
| Revenue | $1.5B | $1.5B | −$7.0M | -0.5% |
| Gross profit | $602M | $592M | $10.5M | +2% |
| Cost of revenue | $926M | $943M | −$17.5M | -2% |
| Operating profit | $87.5M | $2.8M | $84.7M | 31× |
| Operating expenses | $515M | $589M | −$74.2M | -13% |
| Pre-tax earnings | $72.9M | $5.1M | $67.8M | 14× |
| Other expense, net | $14.6M | −$2.3M | $16.9M | — |
| SG&A | $494M | $505M | −$11.7M | -2% |
| Other operating costs | $21.3M | $83.8M | −$62.5M | -75% |
| Net earnings | $52.1M | −$9.1M | $61.2M | — |
| Income tax | $20.8M | $14.2M | $6.6M | +46% |
| Depreciation & amortization | $35.1M | $37.0M | −$1.9M | -5% |
| Share-based compensation | $10.0M | $6.7M | $3.3M | +49% |
| Working capital & other | $26.0M | −$51.7M | $77.7M | — |
| Operating cash flow | $71.2M | $86.3M | −$15.1M | -17% |
| Free cash flow (company-reported) | $30.8M | $62.3M | −$31.5M | -51% |
| Capital expenditures | $40.4M | $24.0M | $16.4M | +68% |
Questions
How much did Signet Jewelers's revenue grow year over year in Q2 FY27?
Signet Jewelers's revenue fell $7.0M (-0.5%) from $1.5B in Q2 FY26 to $1.5B in Q2 FY27.
What drove Signet Jewelers's revenue change in Q2 FY27?
Merchandise and other sales −$13.9M (-1%); Service sales +$6.9M (+4%).