v3.26.1
Segment information
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment information Segment information
Signet’s chief executive officer (“CEO”) is the Company’s chief operating decision maker (“CODM”). The CODM regularly reviews segment sales and segment operating income, after the elimination of any inter-segment transactions, to determine resource allocations between segments. Signet’s sales are primarily derived from the retailing of jewelry, watches, services and other products as generated through the management of its segments. Segment operating income, which excludes the impact of certain items management believes are not necessarily reflective of normal operating performance, is utilized by the CODM to assess segment profitability. Segment operating income is also used by the CODM to monitor and assess segment results compared to prior periods, forecasted results, and Signet’s annual operating plan.
The Company aggregates operating segments with similar economic and operating characteristics. Signet manages its business as three reportable segments: North America, International, and Other. The Company allocates certain support center costs between operating segments, and the remainder of the unallocated costs are included with the corporate and unallocated expenses presented.
The North America reportable segment operates across the US and Canada. Its US stores operate nationally in malls and off-mall locations, as well as online, principally as Kay (Kay Jewelers and Kay Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared
Jewelers and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and Digital brands, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewellers.
The International reportable segment operates stores in the UK and Republic of Ireland as well as online. Its stores operate in shopping malls and off-mall locations (i.e. high street) under the H.Samuel and Ernest Jones brands.
The Other reportable segment primarily consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
Financial information for each of Signet’s reportable segments for Fiscal 2026, Fiscal 2025 and Fiscal 2024 is presented in the tables below.
Fiscal 2026
(in millions)North
America		InternationalOtherTotal
Sales (1)
$6,363.6 $410.4 $39.6 $6,813.6 
Merchandise expense (2)
(2,508.9)(168.6)(41.4)
Services expense (2)
(174.4)(9.2)
Other cost of sales (2)
(1,117.7)(95.1)(3.7)
SG&A (2)
(1,998.2)(116.3)
Other segment operating expense, net(4.1)(0.3)(0.3)
Total segment operating income (loss)$560.3 $20.9 $(5.8)$575.4 
Asset impairments (3)
(91.3)
Restructuring and related charges (4)
(26.5)
Loss on divestitures (5)
(4.1)
Corporate and unallocated expenses(60.4)
Interest income, net4.0 
Other non-operating income, net1.0 
Income before income taxes$398.1 
Fiscal 2025
(in millions)North
America		InternationalOtherTotal
Sales (1)
$6,299.1 $373.2 $31.5 $6,703.8 
Merchandise expense (2)
(2,499.7)(158.3)(38.3)
Services expense (2)
(166.3)(9.4)
Other cost of sales (2)
(1,108.6)(93.2)(3.8)
SG&A (2)
(1,964.7)(103.1)
Other segment operating (expense) income, net(8.6)0.3 (0.2)
Total segment operating income (loss)$551.2 $9.5 $(10.8)$549.9 
Asset impairments (3)
(369.2)
Restructuring and related charges (4)
(12.1)
Loss on divestitures, net (5)
(2.6)
Leadership transition costs (6)
(2.4)
Integration-related expenses (7)
(1.1)
Corporate and unallocated expenses(51.8)
Interest income, net9.8 
Other non-operating income, net3.7 
Income before income taxes$124.2 
Fiscal 2024
(in millions)North
America		InternationalOtherTotal
Sales (1)
$6,703.8 $430.7 $36.6 $7,171.1 
Merchandise expense (2)
(2,701.6)(192.5)(41.5)
Services expense (2)
(167.2)(12.1)
Other cost of sales (2)
(1,116.0)(110.4)(3.0)
SG&A (2)
(2,004.0)(113.6)
Other segment operating expense, net(5.6)(0.1)(0.3)
Total segment operating income (loss)$709.4 $2.0 $(8.2)$703.2 
Integration-related expenses (7)
(22.0)
Gain on divestitures, net (5)
12.3 
Restructuring and related charges (4)
(7.5)
Asset impairments (3)
(7.1)
Litigation charges (8)
3.0 
Corporate and unallocated expenses(60.4)
Interest income, net18.7 
Other non-operating expense, net(0.4)
Income before income taxes$639.8 
(1)    Includes sales of $213.2 million, $197.8 million and $196.0 million generated by Canadian operations in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively.
(2)    See Note 1 for information on the nature of expenses included within cost of sales and SG&A.
(3)    Fiscal 2026 and 2025 asset impairment charges related primarily to goodwill and indefinite-lived assets.
Fiscal 2024 primarily includes asset impairment charges related to long-lived assets.
See Note 14 and Note 16 for additional information.
(4)    Fiscal 2026 restructuring and related charges were incurred primarily as a result of the Company’s Grow Brand Love strategy initiatives.
Fiscal 2025 and Fiscal 2024 restructuring and related charges were incurred primarily as a result of the Company’s rationalization of store footprint and reorganization of certain centralized functions.
See Note 25 for additional information.
(5)    Fiscal 2026 and 2025 includes charges associated with the previously announced divestiture of the UK prestige watch business.
Fiscal 2024 includes gain on sale of certain retail operations of the UK prestige watch business, net of transaction costs.
See Note 4 for additional information.
(6)    Leadership transition costs primarily include professional fees incurred for the search for the Company’s CEO, as well as severance and related costs incurred as part of other leadership transitions.
(7)    Integration-related expenses include expenses related to the integration of Blue Nile, primarily severance and retention, exit and disposal costs, and system decommissioning costs.
(8)    Fiscal 2024 includes a credit to income related to the adjustment to the litigation accrual recognized in Fiscal 2023.
The following tables provide the Company’s total depreciation and amortization and total capital expenditures, by reportable segment, for Fiscal 2026, Fiscal 2025 and Fiscal 2024:
(in millions)Fiscal 2026Fiscal 2025Fiscal 2024
Depreciation and amortization:
North America segment
$137.2 $137.5 $151.1 
International segment
9.8 10.3 10.4 
Other segment
0.5 0.4 0.4 
Total depreciation and amortization$147.5 $148.2 $161.9 
Capital expenditures:
North America segment
$140.0 $143.2 $108.2 
International segment
13.4 9.0 17.0 
Other segment
0.1 0.8 0.3 
Total capital expenditures$153.5 $153.0 $125.5 
The following tables provide the Company’s total assets and total long-lived assets, by reportable segment, as of January 31, 2026 and February 1, 2025.
(in millions)January 31, 2026February 1, 2025
Total assets:
North America segment
$5,098.5 $5,045.8 
International segment
483.4 381.0 
Other segment
83.7 93.2 
Corporate and unallocated286.5 206.6 
Total assets
$5,952.1 $5,726.6 
Total long-lived assets (1):
North America segment
$1,478.6 $1,466.5 
International segment
164.1 139.4 
Other segment
2.7 3.0 
Total long-lived assets
$1,645.4 $1,608.9 
(1)    Includes property, plant and equipment, net; and operating lease right-of-use assets.