Robert Bischoff's questions to SIGNET JEWELERS (SIG) leadership • Q2 2026
Question
Robert Bischoff, on behalf of Ike Boruchow at Wells Fargo, questioned why the Q3 guidance appears softer than the Q2 run rate and asked for details on the holiday comp plan. He also requested specifics on the performance of the lab-grown diamond business in Q2, including comps and margins.
Answer
Chief Operating & Financial Officer Joan Hilson explained the Q3 guide is measured, accounting for factors like incentive cost resets and pricing cool-downs, despite continued top-line momentum. CEO & Director J.K. Symancyk detailed the holiday plan, highlighting a threefold increase in LGD fashion inventory below $1,000 and a focus on the $250-$500 price point. Hilson added that the LGD business has a 14% penetration in fashion with strong margins and stabilizing prices.