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 | | International | | Other | | | | Total | 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, net | | | | | | | | | 4.0 | | | Other non-operating income, net | | | | | | | | | 1.0 | | | Income before income taxes | | | | | | | | | $ | 398.1 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal 2025 | | (in millions) | North
America | | International | | Other | | | | Total | 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, net | | | | | | | | | 9.8 | | | Other non-operating income, net | | | | | | | | | 3.7 | | | Income before income taxes | | | | | | | | | $ | 124.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal 2024 | | (in millions) | North
America | | International | | Other | | | | Total | 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, net | | | | | | | | | 18.7 | | | 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 2026 | | Fiscal 2025 | | Fiscal 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, 2026 | | February 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 unallocated | 286.5 | | | 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.
|