v3.25.1
Segment information (Tables)
 3 Months Ended
May 03, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, By Segment
Financial information for each of Signet’s reportable segments for the 13 weeks ended May 3, 2025 and May 4, 2024 is presented in the tables below.
13 weeks ended May 3, 2025
(in millions)North AmericaInternationalOtherCorporate and UnallocatedConsolidated
Sales$1,450.5 $80.1 $11.0 $— $1,541.6 
Merchandise expense(557.4)(34.4)(13.8)
Services expense(43.4)(2.3)
Other cost of sales(267.3)(23.3)(0.9)
SG&A(484.2)(26.3)(15.5)
Other segment operating expense, net(1.1)(0.8)(0.2)(0.4)
Total segment operating income (loss)$97.1 $(7.0)$(3.9)$(15.9)$70.3 
Restructuring charges (1)
(19.0)
Asset impairments (1)
(3.2)
Interest income, net0.8 
Other non-operating expense, net(3.3)
Income before taxes$45.6 
13 weeks ended May 4, 2024
(in millions)North AmericaInternationalOtherCorporate and UnallocatedConsolidated
Sales$1,420.0 $77.2 $13.6 $— $1,510.8 
Merchandise expense(553.6)(30.7)(15.8)
Services expense(42.3)(2.6)
Other cost of sales(267.8)(24.7)(0.9)
SG&A(471.6)(26.5)(17.1)
Other segment operating income (expense), net0.5 0.3 — (0.2)
Total segment operating income (loss)$85.2 $(7.0)$(3.1)$(17.3)$57.8 
Asset impairments (1)
(1.9)
Restructuring charges (1)
(4.6)
Loss on divestitures, net (2)
(1.3)
Integration-related charges (3)
(0.2)
Interest income, net8.6 
Other non-operating income, net0.2 
Income before taxes$58.6 
(1)     Restructuring and asset impairment charges during the 13 weeks ended May 3, 2025 were incurred primarily as a result of the Company’s Grow Brand Love strategy initiatives. Restructuring and asset impairment charges during the 13 weeks ended May 4, 2024 were incurred primarily as a result of the Company’s rationalization of its store footprint and reorganization of certain centralized functions.
See Note 18 for additional information.
(2)    Includes charges associated with the previously announced divestiture of the UK prestige watch business.
(3)    Includes severance and retention expenses related to the integration of Blue Nile.
The following tables provide the Company’s total depreciation and amortization and total capital expenditures, by reportable segment, for the 13 weeks ended May 3, 2025 and May 4, 2024:
13 weeks ended
(in millions)May 3, 2025May 4, 2024
Depreciation and amortization:
North America segment
$34.5 $34.0 
International segment
2.4 2.5 
Other segment
0.1 0.1 
Total depreciation and amortization$37.0 $36.6 
Capital expenditures:
North America segment
$35.2 $22.7 
International segment
1.4 0.5 
Other segment
— 0.1 
Total capital expenditures$36.6 $23.3 
The following tables provide the Company’s total assets and total long-lived assets, by reportable segment, as of May 3, 2025, February 1, 2025 and May 4, 2024:
(in millions)May 3, 2025February 1, 2025May 4, 2024
Total assets:
North America segment$4,871.1 $5,045.8 $5,380.3 
International segment385.8 381.0 406.9 
Other segment92.0 93.2 91.9 
Corporate and unallocated103.0 206.6 272.1 
Total assets$5,451.9 $5,726.6 $6,151.2 
Total long-lived assets (1):
North America segment$1,243.0 $1,258.0 $1,594.5 
International segment36.2 34.7 34.6 
Other segment2.9 3.0 2.7 
Total long-lived assets$1,282.1 $1,295.7 $1,631.8 
(1)    Includes property, plant and equipment, net; goodwill; and intangible assets, net.