Signet Jewelers Limited

signetjewelers.com

What Do They Do?

Sells bridal and fashion jewelry and watches to shoppers through specialty retail brands, stores and online channels.

How Do They Make Money?

Shoppers pay for merchandise when they receive it in a store or online, and for repairs when they pick them up. They pay for extended service plans when buying the merchandise; the plans cover repairs during ownership.

revenue

Segment	Share	How money arrives
Bridal Sold outright	42% FY2023: 44%	Sold outright
Fashion Sold outright	39% FY2023: 39%	Sold outright
Watches Sold outright	5.1% FY2023: 4.9%	Sold outright
Service sales	12% FY2023: 9.0%
Other Sold outright	2.4% FY2023: 2.8%	Sold outright

Who Are Their Customers?

Shoppers buy jewelry in Signet’s stores and websites, with online orders available for delivery to a home or local store; Signet also performs repairs and custom design for retail and business customers.

Do Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2026 and turned 8 cents into free cash flow.

Operating income, FY2026

6% of revenue

▲ +255% vs FY2025 ($110.7M, 2%)

Net income, FY2026

4% of revenue

▲ +381% vs FY2025 ($61.2M, 1%)

Free cash flow, FY2026

8% of revenue

▲ +20% vs FY2025 ($437.9M, 7%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2027, the three months to Aug 1, 2026

Revenue: ▼ 0%; vs $1.5B in Q2 FY2026
Net income: ▲ Now profitable; vs −$9.1M in Q2 FY2026

Bridal share of revenue vs 43.4% in Q2 FY2026

Jun 2, 2026 Raises full-year adjusted EPS guidance The company raised its full-year guidance midpoint after first-quarter performance and second-quarter momentum, and increased the adjusted EPS range to reflect additional share repurchases.

Shrinking. Revenue fell 13% in 4 years, from $7.8B in FY2022 to $6.8B in FY2026, about 3% a year.

Brand portfolio The older report lists Rocksbox, James Allen and Blue Nile as separate banners; the latest report plans to fold Rocksbox into Kay and use James Allen as a Blue Nile collection, while ending the James Allen website.

Revenue over time

Bridal Fashion Watches Service sales Other

$10B$5B$0

FY2022 FY2023 FY2024 FY2025 FY2026

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