International News
Signet Boosts Full-Year Forecast After Strong Q3 Performance
Steady sales growth, improved margins, and disciplined inventory control lift Signet’s outlook for FY26 despite a cautious holiday season.
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.
International News
Precious Metals Find Support On Ceasefire Optimism AUGMONT BULLION REPORT
Gold Is Trading At Y Oversold Levels Near The Critical Support Zone Of $4,300, Silver Testing Key Support In The $66–$67 Range
- Price Movement – Gold and silver are consolidating near key support levels as markets digest a fragile Israel-Iran ceasefire alongside mounting concerns over inflation and the prospect of further interest rate hikes.
- Geopolitical Developments – President Trump confirmed that both parties are pursuing an immediate ceasefire, with final negotiations advancing. Israel and Iran announced a mutual halt to hostilities following a direct appeal from Washington. However, Tehran cautioned that it reserves the right to resume strikes if Israeli operations against Hezbollah in Lebanon continue.
- Macro-economic Signals – CME FedWatch data shows markets now pricing a greater than 70% probability of a Fed rate hike by December. Investors are closely watching May’s U.S. CPI and PPI releases, due Wednesday, for clearer signals on the Fed’s policy trajectory. The European Central Bank is also widely expected to deliver a rate increase this week.
Technical Triggers
- Gold is currently trading at deeply oversold levels near the critical support zone of $4,300 (approximately Rs. 1,54,000). A technical rebound of 3–4% is anticipated from current levels, driven by bottom-fishing activity. However, a sustained break below this support would shift the near-term bias decisively lower, exposing the $4,000–$4,100 range (approximately Rs. 1,50,000–Rs. 1,51,500) as the next downside target.
- Silver is similarly oversold, testing key support in the $66–$67 range (approximately Rs. 2,40,000–Rs. 2,42,000). As with gold, a 3–4% technical recovery is the base case on dip-buying, but a confirmed sustainability below this support would accelerate selling pressure toward $60 (approximately Rs. 2,20,000) in the short term.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4300/oz : $4500/oz : Rs 154,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $66/oz : $75/oz : Rs 240,000/kg : Rs 260,000/kg |
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