Signet Jewelers reported a 2.0% year-on-year increase in revenue for the first quarter of Fiscal 2026, with total sales reaching $1.54 billion. Same store sales rose 2.5%, marking a recovery from an 8.9% decline in the same period last year. The company cited changes to its pricing and product mix across its largest brands—Kay, Zales, and Jared, which saw sequential sales increases.Gross margin rose by $26 million to $598.8 million, primarily due to higher product margins and more efficient use of fixed costs. The gross margin rate increased by 100 basis points to 38.8%.Profitability and Operational EfficiencyDespite the revenue growth,…

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