By Sabrina Escobar

Signet Jewelers stock was gaining Tuesday after the company reported higher second-quarter earnings than expected and raised its financial forecasts for the full year.

Signet, which owns Kay Jewelers, Zales, Jared Jewelers, and Blue Nile, said revenue increased 3% year over year to $1.54 billion. The consensus call among analysts was for $1.5 billion.

Adjusted earnings per share for the quarter ended Aug. 2 were $1.61, better than the $1.24 Wall Street had forecast.

Signet is projecting that full-year earnings will be better than expected as well. The company raised its forecast of adjusted earnings per share to a range of $8.04 to $9.57, up from its past forecast of $7.70 to $9.38.

It says revenue will range between $6.67 billion and $6.82 billion, compared with a previous call for $6.57 billion to $6.80 billion.

Third-quarter sales will range from $1.34 billion to $1.38 billion, Signet said. The midpoint of that range, $1.36 billion, is ahead of the $1.34 billion analysts were looking for.

The current outlook reflects in a "measured consumer environment, providing for variability in consumer spending over the holiday season," Signet said. It also takes current tariff rates into account, particularly levies on imports from India, where most natural diamonds are cut and polished.

Signet stock was 1.3% higher in early trading Tuesday. The shares are up about 10% this year.

Write to Sabrina Escobar at sabrina.escobar@barrons.com

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September 02, 2025 10:10 ET (14:10 GMT)

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