Recent Updates — SIG
Signet Jewelers Limited entered into an Accelerated Share Repurchase (ASR) Agreement with JPMorgan Chase Bank on September 10, 2026, to repurchase $125 million of its common shares. The company paid $125 million to JPMorgan on September 11, 2026, and received an initial delivery of approximately 1,023,000 common shares on the same date. Final settlement is expected between September 25, 2026, and December 2, 2026, with the total number of shares repurchased based on the volume-weighted average price during the calculation period less a discount. Upon completion, approximately $575 million in share repurchase authorization will remain under its 2017 Share Repurchase Program. Signet Jewelers Limited operates in the retail jewelry industry, owning and operating chains such as Kay Jewelers, Zales, and Jared.
Signet Jewelers Limited reported second quarter fiscal 2027 results with sales of $1.5 billion, reflecting a same-store sales increase of 2.2%. Diluted earnings per share were $1.33, compared to a loss of $0.22 in the prior year period, while adjusted diluted EPS rose to $2.19 from $1.61. The company raised its full-year adjusted EPS guidance by over 10% to a range of $10.45 to $12.15. Signet also announced an expansion of its share repurchase authorization by approximately $385 million to a total of $700 million and declared a quarterly cash dividend of $0.35 per share for the third quarter, payable November 20, 2026, with a record date of October 23, 2026. Additionally, Signet entered into an amended credit card program agreement with Bread Financial through December 2035. Signet Jewelers Limited operates approximately 2,500 retail jewelry stores under brands including Kay Jewelers and Zales.
On July 2, 2026, André Branch resigned as a director of the Board of Signet Jewelers Limited, effective immediately. The resignation was not due to any disagreement with the company's operations, policies, or practices. Consequently, the Board intends to reduce its size from 11 to 10 members. Signet Jewelers operates in the retail jewelry industry, designing and selling jewelry and accessories.
Signet Jewelers Limited entered into an Accelerated Share Repurchase (ASR) Agreement with Goldman Sachs & Co. LLC to repurchase $50 million of its common shares. The company expects to receive an initial delivery of approximately 480,000 common shares on June 8, 2026, and expects final settlement to occur between June 12, 2026, and July 17, 2026.