v3.26.1
Common shares, treasury shares, and dividends
 12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Common shares, treasury shares, and dividends Common shares, treasury shares and dividends
Common shares
Signet’s common shares have a par value of 18 cents. There have been no issuances of common shares in Fiscal 2026, Fiscal 2025, or Fiscal 2024.
Treasury shares
Signet may from time to time repurchase common shares under various share repurchase programs authorized by Signet’s Board. Repurchases may be made in the open market, through block trades, through accelerated share repurchase agreements or otherwise. The timing, manner, price and amount of any repurchases will be determined by the Company at its discretion, and will be subject to economic and market conditions, stock prices, applicable legal requirements and other factors. The repurchase programs are funded through Signet’s existing cash reserves and liquidity sources. Repurchased shares are held as treasury shares and used by Signet primarily for issuance of share-based compensation awards (refer to Note 24), or for general corporate purposes.
Treasury shares primarily represent the cost of shares that the Company purchased in the market under the applicable authorized repurchase program and shares forfeited under the Omnibus Incentive Plan.
The Board authorized repurchases to be made under the 2017 Share Repurchase Program (the “2017 Program”). During Fiscal 2024 and Fiscal 2025, the Board authorized increases in the remaining amount of shares authorized for repurchase under the 2017 Program by $263 million and $200 million, respectively, bringing the total authorization to approximately $2.1 billion as of January 31, 2026. Since inception of the 2017 Program, the Company has repurchased approximately $1.6 billion of shares, with $517.9 million of shares authorized for repurchase remaining as of January 31, 2026.
The share repurchase activity during Fiscal 2026, Fiscal 2025 and Fiscal 2024 was as follows:
Fiscal 2026Fiscal 2025Fiscal 2024
(in millions, except per share amounts)Shares
repurchased
Amount
repurchased (1)
Average
repurchase
price per
share (1)
Shares
repurchased
Amount
repurchased (1)
Average
repurchase
price per
share (1)
Shares
repurchased
Amount
repurchased (1)
Average
repurchase
price per
share (1)
2017 Program
3.1 $205.2 $66.09 1.6 $138.0 $85.04 1.9 $139.3 $73.06 
(1)    Includes amounts paid for commissions.
Shares were reissued in the amounts of 2.8 million, 1.0 million and 0.7 million, net of taxes and forfeitures, in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, to satisfy awards outstanding under existing share-based compensation plans. During Fiscal 2026, Fiscal 2025 and Fiscal 2024, there were no retirements of common shares previously held as treasury shares in the consolidated balance sheets.
Dividends on common shares
Dividends declared on the common shares during Fiscal 2026, Fiscal 2025 and Fiscal 2024 were as follows:
Fiscal 2026Fiscal 2025Fiscal 2024
(in millions, except per share amounts)Cash dividend
per share		Total
dividends		Cash dividend
per share		Total
dividends		Cash dividend
per share		Total
dividends
First quarter
$0.32 $13.4 $0.29 $12.9 $0.23 $10.4 
Second quarter
0.32 13.3 0.29 12.9 0.23 10.3 
Third quarter
0.32 13.2 0.29 12.6 0.23 10.2 
Fourth quarter (1)
0.32 13.1 0.29 12.5 0.23 10.2 
Total
$1.28 $53.0 $1.16 $50.9 $0.92 $41.1 
(1)    Signet’s common dividend policy results in the quarterly dividend payment date being a quarter in arrears from the declaration date. As of January 31, 2026 and February 1, 2025, there was $13.7 million and $12.5 million, respectively, of accrued dividends recorded in accrued expenses and other current liabilities in the consolidated balance sheets. Accrued dividends as of January 31, 2026 includes $0.6 million of accrued dividends on RSUs. See Note 24 for additional information.
Dividends on Preferred Shares
Dividends declared on the Preferred Shares during Fiscal 2025 and Fiscal 2024 were as follows:
Fiscal 2025Fiscal 2024
(in millions)
Total dividends (1)
Total dividends
First quarter$6.2 $8.2 
Second quarter
2.8 8.2 
Third quarter
1.3 8.2 
Fourth quarter— 8.3 
Total
$10.3 $32.9 
(1)    Dividends on the Preferred Shares during the first and third quarter of Fiscal 2025 includes $2.1 million and $1.3 million, respectively, of accrued dividends paid in connection with the redemptions further described in Note 6.
The Company’s Preferred Shares were fully redeemed in Fiscal 2025, as further described in Note 6. There were no cumulative undeclared dividends on the Preferred Shares that reduced net income (loss) attributable to common shareholders during Fiscal 2025 and Fiscal 2024. In addition, deemed dividends of $1.3 million related to accretion of issuance costs associated with the Preferred Shares were recognized in Fiscal 2025 (Fiscal 2024: $1.7 million).