Signet Jewelers has raised its full-year outlook after delivering a solid performance in the third quarter of Fiscal 2026. Same-store sales increased 3%, driven by continued strength across Kay, Zales, and Jared, particularly in Bridal and Fashion jewellery. Total revenue rose 3.1% year-on-year to $1.39 billion, supported by higher average unit retail prices in both core categories.

Operating income climbed to $23.9 million—more than double last year’s figure—while adjusted operating income reached $32 million. Merchandise margins also improved, even as the company navigated elevated gold prices and ongoing tariff pressures. Free cash flow saw a significant improvement, rising by over $100 million, aided by a 1% reduction in inventory.

In North America, Signet posted 3% sales growth and further strengthened profitability. International results remained mixed: reported sales were up 4.4%, but the segment continued to operate at a loss.

The retailer now expects full-year revenue between $6.70 billion and $6.83 billion, with adjusted diluted earnings per share projected at $8.43 to $9.59. However, the company remains cautious about the holiday season given external disruptions and fluctuating consumer confidence.

Signet also continued its capital return strategy, repurchasing 2.8 million shares so far this year and announcing a quarterly dividend of $0.32 per share, payable in February 2026.