Signet Jewelers Limited (NYSE:SIG) stock gained on Tuesday after posting first-quarter results and guidance.

Adjusted earnings per share came in at $1.56. This beat the analyst’s estimate of $1.36. Revenue reached $1.553 billion, slightly above expectations of $1.551 billion.

Average unit retail increased about 5%. Growth came from both the Bridal and Fashion segments.

Operating income declined to $36.9 million from $48.1 million a year ago. However, adjusted operating income rose to $78.6 million from $70.3 million. Adjusted operating margin rose to 5.1% from 4.6%.

Gross profit was $556.5 million, down from $598.8 million Y/Y.

Gross margin declined to 35.82% from 38.84% Y/Y, reflecting inventory write-downs related to the company’s shutting down the James Allen retail website in the second fiscal quarter, which ends in early August.

Balance Sheet Strength

Cash and cash equivalents stood at $602.8 million as of May 2, 2026. This was up from $264.1 million a year earlier. Total liquidity reached about $1.7 billion.

Inventory ended the year at $2.0 billion.

Dividend & Buyback

Signet’s board approved a quarterly cash dividend of $0.35 per share, payable Aug. 21, 2026, to shareholders of record ...