SIGNET JEWELERS LTD SIG
Signet's Purpose is Inspiring Love, with the mission to enable individuals to "celebrate life and express love". The Company's new vision, announced in Fiscal 2026, is to "Create an influential community of distinct jewelry brands, designs, and experiences for every significant milestone, every special moment, every expression of self, every kind of love, every day." Signet aims to lead innovation and market share in the jewelry category, expanding its market presence and achieving profitable growth by fostering brand loyalty through emotional and engaging customer connections while fully leveraging the benefits of our scale.
Signet introduced the Grow Brand Love strategy in Fiscal 2026 in connection with our new vision. This transformative approach focuses on positioning the Company for balanced and sustainable organic growth by building on our strong core foundation to create shareholder value. Grow Brand Love emphasizes style and product innovation, captivating experiences, and brand loyalty while harnessing centralized core capabilities. This strategic framework launched with three imperatives: Shifting from Banners to Brand Mindset; Growing our Core Business and Expanding to Adjacent Categories; and Organizational Realignment to Accelerate Strategy Execution. The first year of Grow Brand Love returned the business to growth, a result we look to continue going forward. In Fiscal 2027, those imperatives will evolve into Shaping Distinct and Coveted Brands; Unlocking Portfolio Value; and Strengthening our Operating Model.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.81B | $6.70B | $7.17B | $7.84B | $7.83B | $5.23B | $6.14B | $6.25B | $6.25B | $6.41B |
| Cost of revenue | $4.12B | $4.08B | $4.35B | $4.79B | $4.70B | $3.49B | $3.90B | $4.02B | $4.06B | $4.05B |
| Gross profit | $2.69B | $2.63B | $2.83B | $3.05B | $3.12B | $1.73B | $2.22B | $2.16B | $2.19B | $2.36B |
| SG&A | $2.17B | $2.12B | $2.20B | $2.21B | $2.23B | $1.59B | $1.92B | $1.99B | $1.87B | $1.88B |
| Operating income | $393.1M | $110.7M | $621.5M | $604.9M | $903.4M | -$57.7M | $158.3M | -$764.6M | $579.9M | $763.2M |
| Interest expense | $4.0M | $9.8M | $18.7M | $13.5M | $16.9M | $32.0M | $35.6M | $39.7M | $52.7M | $49.4M |
| Pre-tax income | $398.1M | $124.2M | $639.8M | $451.2M | $884.4M | -$89.7M | $129.7M | -$802.6M | $527.2M | $713.8M |
| Income tax | $103.7M | $63.0M | $170.6M | $74.5M | $114.5M | $74.5M | $24.2M | $145.2M | $7.9M | $170.6M |
| Net income | $294.4M | $61.2M | $810.4M | $376.7M | $769.9M | -$15.2M | $105.5M | -$657.4M | $519.3M | $543.2M |
| EPS, basic | 7.13 | -0.81 | 17.28 | 7.34 | 14.01 | -0.94 | 1.40 | -12.62 | 7.72 | 7.13 |
| EPS, diluted | 7.08 | -0.81 | 15.01 | 6.64 | 12.22 | -0.94 | 1.40 | -12.62 | 7.44 | 7.08 |
| Shares, diluted (wtd. avg.) | $41.6M | $44.1M | $54.0M | $56.7M | $63.0M | $52.0M | $51.8M | $54.7M | $69.8M | $76.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $874.8M | $604.0M | $1.38B | $1.17B | $1.42B | $1.17B | $374.5M | $195.4M | $225.1M | $98.7M |
| Receivables | — | — | — | $14.5M | $18.3M | $11.6M | $34.4M | $19.5M | $692.5M | $1.86B |
| Inventory | $1.94B | $1.94B | $1.94B | $2.15B | $2.06B | $2.03B | $2.33B | $2.39B | $2.28B | $2.45B |
| Total current assets | $3.02B | $2.71B | $3.54B | $3.51B | $3.73B | $3.58B | $3.15B | $2.86B | $3.45B | $4.64B |
| Property, plant and equipment | $498.8M | $506.5M | $497.7M | $586.5M | $575.9M | $605.5M | $741.9M | $800.5M | $877.9M | $822.9M |
| Goodwill | $428.4M | $482.0M | $754.5M | $751.7M | $484.6M | $238.0M | $248.8M | $296.6M | $821.7M | $517.6M |
| Other intangibles | $286.4M | $307.2M | $402.8M | $407.4M | $314.2M | $179.0M | $263.8M | $265.0M | $481.5M | $417.0M |
| Total assets | $5.95B | $5.73B | $6.81B | $6.62B | $6.58B | $6.18B | $6.30B | $4.42B | $5.84B | $6.60B |
| Accounts payable | $772.1M | $767.0M | $735.1M | $879.0M | $899.8M | $812.6M | $227.9M | $153.7M | $237.0M | $255.7M |
| Short-term debt | — | $0 | $147.7M | $0 | — | $0 | $95.6M | $78.8M | $44.0M | $91.1M |
| Total current liabilities | $1.89B | $1.83B | $1.98B | $2.25B | $2.07B | $2.00B | $1.65B | $1.03B | $1.04B | $1.20B |
| Long-term debt | — | $0 | $0 | $147.4M | $147.1M | $146.7M | $515.9M | $649.6M | $688.2M | $1.32B |
| Total liabilities | $3.99B | $3.87B | $3.99B | $4.39B | $4.36B | $4.35B | $4.46B | $2.60B | $2.73B | $3.50B |
| Retained earnings | $3.99B | $3.75B | $3.83B | $3.14B | $2.88B | $2.19B | $2.24B | $2.28B | $4.40B | $4.00B |
| Total equity | $1.97B | $1.85B | $2.17B | $1.58B | $1.56B | $1.19B | $1.22B | $1.20B | $2.50B | $2.49B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $678.8M | $590.9M | $546.9M | $797.9M | $1.26B | $1.37B | $555.7M | $697.7M | $1.94B | $678.3M |
| Depreciation and amortisation | $147.5M | $148.2M | $161.9M | $164.5M | $163.5M | $176.0M | $178.0M | $183.6M | $203.4M | $188.8M |
| Stock-based compensation | $26.9M | $22.2M | $41.1M | $42.0M | $45.8M | $14.5M | $16.9M | $16.5M | $16.1M | $8.0M |
| Capital expenditure | $153.5M | $153.0M | $125.5M | $138.9M | $129.6M | $83.0M | $136.3M | $133.5M | $237.4M | $278.0M |
| Investing cash flow | -$157.5M | -$159.1M | -$75.8M | -$545.4M | -$642.7M | -$77.8M | -$140.8M | -$119.0M | -$569.4M | -$278.4M |
| Financing cash flow | -$264.8M | -$1.20B | -$259.7M | -$490.0M | -$366.6M | -$498.6M | -$237.0M | -$602.7M | -$1.25B | -$438.2M |
| Dividends paid | $51.9M | $48.6M | $39.9M | $36.6M | $19.0M | $19.4M | $77.4M | $79.0M | $76.5M | $75.6M |
| Buybacks | $205.2M | $138.0M | $139.3M | $376.1M | $311.8M | $0 | $0 | $485.0M | $460.0M | $1.00B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-224349.
Others in SIC 5944
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