Signet Jewelers jumps 14% after raising profit outlook despite flat sales forecast

Signet Jewelers' stock surged 14% following its sixth consecutive earnings beat and an upgraded full-year profit forecast, even as it kept its sales guidance flat. The company reported strong second-quarter earnings per share of $2.19, beating estimates, with same-store sales up 2.2% across all major brands. Signet also expanded its share buyback program and raised its adjusted operating income outlook, signaling confidence in margin growth despite steady sales projections. Investors will watch closely for holiday quarter performance and margin sustainability amid shifting gold prices and tariffs.