Signet Jewelers posts $6.8B in annual sales as higher unit prices offset flat volume

Signet Jewelers (NYSE:SIG) today revealed its financial results for the fourth quarter and full fiscal year ended January 31, 2026, demonstrating steady operational execution in a normalizing luxury market.

The world’s largest retailer of diamond jewelry reported full-year sales of $6.81 billion, a performance supported by a 1.3% increase in same-store sales compared to fiscal 2025.

A defining characteristic of Signet’s fiscal 2026 performance was the significant growth in Merchandise Average Unit Retail (AUR).

For the full year, AUR rose approximately 7%, while the fourth quarter saw a 5% increase across both the Bridal and Fashion categories.

This pricing strength allowed the company to maintain robust revenue levels even as the fourth quarter experienced a slight 0.7% decrease in same-store sales.

The growth in AUR reflects Signet’s successful move upmarket and its focus on high-value branded collections across its Kay, Zales, and Jared banners.

Profitability metrics also showed a dramatic year-over-year improvement on a GAAP basis.

Full-year operating income surged to $393.1 million, up from $110.7 million in fiscal 2025.

In the fourth quarter, GAAP diluted earnings per share (EPS) reached $6.08, compared to $2.30 in the prior-year period.

On an adjusted basis, fourth-quarter diluted EPS was $6.25, reflecting the company’s disciplined cost management and the continued realization of synergies from its data-driven marketing and supply chain initiatives.