v3.25.2
SEGMENT DATA (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Aug. 03, 2025
May 04, 2025
Aug. 04, 2024
May 05, 2024
Aug. 03, 2025
Aug. 04, 2024
Feb. 02, 2025
Segment Reporting Information [Line Items]              
Revenue [1] $ 2,167.2   $ 2,074.3   $ 4,150.8 $ 4,026.2  
Cost of goods sold (916.4)   (828.4)   (1,738.3) (1,581.6)  
Marketing expenses (112.6) [2],[3]   (113.5) [2],[3]   (211.5) [4],[5] (220.9) [2],[3]  
Income (loss) before interest and taxes 133.2   173.9   (199.0) 379.0  
Other gain 0.0   0.0   0.0 (10.0)  
Goodwill and other intangible asset impairments 0.0   0.0   479.5 0.0  
Goodwill and other intangible asset impairments   $ 426.0     426.0    
Depreciation and amortization 68.7   69.8   136.4 141.9  
Inventories, net [6] 1,791.0   1,582.8   1,791.0 1,582.8 $ 1,508.7
All other assets 9,836.6   9,654.9   9,836.6 9,654.9 9,524.5
Total assets 11,627.6   11,237.7   11,627.6 11,237.7 11,033.2
Equity in net income of unconsolidated affiliates 12.2   10.9   22.7 24.1  
Operating Segments              
Segment Reporting Information [Line Items]              
Revenue 2,167.2   2,074.3   4,150.8 4,026.2  
Cost of goods sold (916.4) [3]   (828.4) [3]   (1,738.3) [5] (1,581.6) [5]  
Marketing expenses (70.3) [2],[3]   (67.3) [2],[3]   (131.4) [4],[5] (137.2) [4],[5]  
Other segment items (792.4) [7]   (770.2) [7]   (1,523.1) [8] (1,501.3) [8]  
Income (loss) before interest and taxes 388.1   408.4   758.0 806.1  
EMEA              
Segment Reporting Information [Line Items]              
Revenue 1,048.5   1,014.2   1,976.2 1,897.1  
Cost of goods sold (445.3) [3]   (418.8) [3]   (836.8) [5] (775.8) [5]  
Marketing expenses (31.2) [2],[3]   (30.2) [2],[3]   (59.5) [4],[5] (60.5) [4],[5]  
Other segment items (393.5) [7]   (384.2) [7]   (752.0) [8] (730.3) [8]  
Income (loss) before interest and taxes 178.5   181.0   327.9 330.5  
Goodwill and other intangible asset impairments         0.0    
Depreciation and amortization 31.9   30.4   62.9 61.7  
Inventories, net [6] 936.5   822.3   936.5 822.3 783.7
Americas              
Segment Reporting Information [Line Items]              
Revenue 684.0   617.5   1,292.4 1,186.7  
Cost of goods sold (378.2) [3]   (313.0) [3]   (707.0) [5] (595.5) [5]  
Marketing expenses (22.1) [2],[3]   (22.5) [2],[3]   (45.5) [4],[5] (47.5) [4],[5]  
Other segment items (210.2) [7]   (202.0) [7]   (405.6) [8] (396.9) [8]  
Income (loss) before interest and taxes 73.5   80.0   134.3 146.8  
Goodwill and other intangible asset impairments   7.6     7.6    
Depreciation and amortization 9.2   10.6   18.9 22.0  
Inventories, net [6] 574.0   481.4   574.0 481.4 475.1
Equity in net income of unconsolidated affiliates 10.1   8.9   18.5 19.7  
APAC              
Segment Reporting Information [Line Items]              
Revenue 335.2   339.8   686.9 742.3  
Cost of goods sold (92.9) [3]   (96.6) [3]   (194.5) [5] (210.3) [5]  
Marketing expenses (17.0) [2],[3]   (14.6) [2],[3]   (26.4) [4],[5] (29.2) [4],[5]  
Other segment items (174.0) [7]   (167.2) [7]   (335.7) [8] (339.5) [8]  
Income (loss) before interest and taxes 51.3   61.4   130.3 163.3  
Goodwill and other intangible asset impairments   $ 418.4     418.4    
Depreciation and amortization 10.5   10.9   20.9 22.0  
Inventories, net [6] 280.5   279.1   280.5 279.1 $ 249.9
Equity in net income of unconsolidated affiliates 2.1   2.0   4.2 4.4  
Licensing              
Segment Reporting Information [Line Items]              
Revenue 99.5   102.8   195.3 200.1  
Cost of goods sold 0.0 [3]   0.0 [3]   0.0 [5] 0.0 [5]  
Marketing expenses 0.0 [2],[3]   0.0 [2],[3]   0.0 [4],[5] 0.0 [4],[5]  
Other segment items (14.7) [7]   (16.8) [7]   (29.8) [8] (34.6) [8]  
Income (loss) before interest and taxes 84.8   86.0   165.5 165.5  
Goodwill and other intangible asset impairments         0.0    
Corporate and other              
Segment Reporting Information [Line Items]              
Marketing expenses (42.3)   (46.2)   (80.1) (83.7)  
Income (loss) before interest and taxes (209.9) [2],[9]   (219.2) [2],[9]   (419.3) [4],[10] (421.8) [4],[10]  
Depreciation and amortization 14.8   17.9   31.4 36.2  
Restructuring and other costs              
Segment Reporting Information [Line Items]              
Income (loss) before interest and taxes (45.0) [11]   (15.3) [11]   (537.7) [12] (5.3) [13]  
Goodwill and other intangible asset impairments         479.5    
Depreciation and amortization 2.3 [14]   0.0   2.3 [14] 0.0  
Goodwill [Member] | Fair Value, Nonrecurring [Member]              
Segment Reporting Information [Line Items]              
Goodwill and other intangible asset impairments         426.0    
Heritage Brands Intimates Transaction              
Segment Reporting Information [Line Items]              
Disposal Group, Including Discontinued Operation, Earnout       $ 10.0   10.0  
Growth Driver 5 Actions              
Segment Reporting Information [Line Items]              
Exit activity costs incurred 45.0   15.3   58.2 15.3  
Growth Driver 5 Actions | Severance, termination benefits and other employee costs [Member]              
Segment Reporting Information [Line Items]              
Exit activity costs incurred $ 42.7   $ 15.3   $ 55.9 $ 15.3  
[1] Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2] In addition to the marketing expenses incurred by the Company’s reportable segments, there was $42.3 million and $46.2 million of global brand marketing expense, including marketing expenses benefiting the Company’s licensees, recorded in Corporate and other for the thirteen weeks ended August 3, 2025 and August 4, 2024, respectively. Total marketing expenses incurred by the Company for the thirteen weeks ended August 3, 2025 and August 4, 2024 were $112.6 million and $113.5 million, respectively.
[3] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[4] In addition to the marketing expenses incurred by the Company’s reportable segments, there was $80.1 million and $83.7 million of global brand marketing expense, including marketing expenses benefiting the Company’s licensees, recorded in Corporate and other for the twenty-six weeks ended August 3, 2025 and August 4, 2024, respectively. Total marketing expenses incurred by the Company for the twenty-six weeks ended August 3, 2025 and August 4, 2024 were $211.5 million and $220.9 million, respectively.
[5] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[6] Inventories, net includes the impact of changes in foreign currency exchange rates.
[7] Other segment items include (i) all other segment SG&A expenses other than marketing expense, including direct and indirect costs to operate the segment’s retail store, digital commerce, licensing and wholesale businesses, warehousing and distribution costs, depreciation and amortization, and other costs, and (ii) equity in net income of unconsolidated affiliates.
[8] Other segment items include (i) all other segment SG&A expenses other than marketing expense, including direct and indirect costs to operate the segment’s retail store, digital commerce, licensing and wholesale businesses, warehousing and distribution costs, depreciation and amortization, and other costs, and (ii) equity in net income of unconsolidated affiliates.
[9] Corporate and other includes costs that are not specific to any particular segment, primarily consisting of (i) global brand costs, which include centrally managed marketing, design, and merchandising costs; and (ii) corporate expenses, which include centrally managed information technology costs, including network, infrastructure and global systems; expenses for senior corporate management; and expenses for corporate support functions including finance, human resources, legal and information security; and intangible asset amortization.
[10] Corporate and other includes costs that are not specific to any particular segment, primarily consisting of (i) global brand costs, which include centrally managed marketing, design, and merchandising costs; and (ii) corporate expenses, which include centrally managed information technology costs, including network, infrastructure and global systems; expenses for senior corporate management; and expenses for corporate support functions including finance, human resources, legal and information security; and intangible asset amortization.
[11] Restructuring and other costs for the thirteen weeks ended August 3, 2025 and August 4, 2024 related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs,” consisting principally of severance.
[12] Restructuring and other costs for the twenty-six weeks ended August 3, 2025 included (i) noncash impairment charges of $479.5 million related to goodwill and other intangible assets discussed further in Note 6, “Goodwill and Other Intangible Assets” and (ii) costs of $58.2 million incurred related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs,” consisting principally of severance.
[13] Restructuring and other net costs for the twenty-six weeks ended August 4, 2024 included (i) costs of $15.3 million incurred related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs,” consisting principally of severance and (ii) a gain of $10.0 million in connection with the Heritage Brands intimates transaction discussed further in Note 5, “Divestitures.”
[14] Restructuring and other costs for the thirteen and twenty-six weeks ended August 3, 2025 included accelerated depreciation related to the Growth Driver 5 Actions described in Note 15, “Exit Activity Costs.”