Overview
- For the quarter ended Jan. 31, adjusted EPS was $6.25 on revenue of $2.35 billion, topping profit forecasts with sales roughly in line.
- Comparable sales declined 0.7% as gross margin narrowed to 42%, down 60 basis points year over year, reflecting cost and promotional pressure.
- Fiscal‑2027 guidance calls for adjusted EPS of $8.80 to $10.74 and revenue of $6.60 billion to $6.90 billion, a range below or at the low end of many analyst estimates.
- The outlook reflects uncertainty tied to commodity prices, tariff dynamics, and the planned integration of James Allen into Blue Nile’s platform.
- Shares saw sharp intraday swings, with reports of a roughly 7% drop in one readout and a more than 13% rally in another, as heavy trading and high short interest influenced moves.