Signet Jewelers Limited (NYSE: SIG) reported preliminary fourth quarter fiscal 2026 sales in the range of $2.34 billion to $2.35 billion, with same-store sales declining 0.7% to 0.9% compared to the prior year quarter, according to a company statement.

For the full fiscal year 2026, the jewelry retailer expects sales of approximately $6.8 billion with same-store sales increasing 1.2% to 1.3% compared to fiscal 2025. The company projects free cash flow of more than $500 million for the year.

"We saw sequential improvement each month in the quarter on a one- and two-year comp basis, along with a return to positive comps across peak holiday selling days," said CEO J.K. Symancyk. The company operates approximately 2,600 stores under brands including Kay Jewelers, Zales, and Jared.

Fourth quarter operating income is expected to range from $313 million to $318 million, while adjusted operating income is projected between $322 million and $327 million. For the full year, operating income is anticipated at $388 million to $393 million, with adjusted operating income ranging from $510 million to $515 million.

The company reported merchandise average unit retail increased approximately 4% to 5% in the fourth quarter and 6% to 7% for the full year compared to prior year periods. CFO Joan Hilson noted the results included "a pivot to broader promotions to meet consumer expectations resulting in a modest gross merchandise margin decline."

Signet will participate in investor conferences March 9-11, 2026, with management presenting at 4:15 PM Eastern Time on March 9. The company plans to provide fiscal 2027 guidance and strategic priorities during upcoming presentations.