Segment and Geographic Information (Tables)

3 Months Ended

Apr. 30, 2026

Summary of Net Sales in the International Locations

The following table summarizes the Company's net sales in the International locations by region as a percentage of the Company's total net sales for the three months ended April 30, 2026 and 2025.


	Three Months Ended April 30,
	2026			2025
Europe		34.7	%		33.6	%
Americas (excluding the United States)		11.9	%		10.9	%
Asia		7.5	%		6.3	%
Middle East		4.1	%		7.7	%
Total International Operations		58.2	%		58.5	%

Operating Segment Data

Operating Segment Data as of and for the Three Months Ended April 30, 2026 and 2025 (in thousands):


	Net Sales
	2026		2025
Watch and Accessory Brands:
Owned brands category	$	35,610	$	33,132
Licensed brands category		85,497		80,243
After-sales service and all other		2,592		1,427
Total Watch and Accessory Brands		123,699		114,802
Company Stores		18,703		16,967
Consolidated total	$	142,402	$	131,769


	Watch and Accessory Brands		Company Stores		Consolidated Total			Watch and Accessory Brands			Company Stores		Consolidated Total
	2026		2026		2026			2025			2025		2025

Net sales	$	123,699	$	18,703	$	142,402		$	114,802		$	16,967	$	131,769
Cost of sales		53,426		7,383		60,809			53,958			6,461		60,419
Gross profit		70,273		11,320		81,593			60,844			10,506		71,350
Selling, general and administrative		63,666		10,912		74,578			60,853			10,206		71,059
Operating income/(loss) (1) (2)	$	6,607	$	408	$	7,015		$	(9	)	$	300	$	291
Other income, net						1,961								1,760
Interest expense						(102	)							(111	)
Income before income taxes					$	8,874							$	1,940

Depreciation and amortization	$	1,784	$	528	$	2,312		$	1,735		$	545	$	2,280

(1)

The operating income/(loss) in the Watch and Accessory Brands Segment included $11.5 million and $8.0 million of unallocated corporate expenses for the three months ended April 30, 2026 and 2025, respectively, and $12.9 million and $14.0 million of certain intercompany profits related to the Company's supply chain operations for the three months ended April 30, 2026 and 2025, respectively.

(2)

The operating income in the Watch and Accessory Brands segment for the three months ended April 30, 2026, included a pre-tax charge of $0.5 million related to the investigation of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating (loss) in the Watch and Accessory Brands segment included a pre-tax charge of $0.6 million related to the Company's cost-savings initiative for the three months ended April 30, 2025.


	Total Assets						Capital Expenditures
	April 30, 2026		January 31, 2026		April 30, 2025		April 30, 2026		April 30, 2025
Watch and Accessory Brands	$	679,008	$	690,068	$	685,095	$	1,081	$	1,103
Company Stores		55,002		52,553		62,083		73		430
Consolidated total	$	734,010	$	742,621	$	747,178	$	1,154	$	1,533

Geographic Segment Data

Geographic Location Data as of and for the Three Months Ended April 30, 2026 and 2025 (in thousands):


	Net Sales
	2026		2025
United States	$	59,456	$	54,700
International		82,946		77,069
Consolidated total	$	142,402	$	131,769

United States and International net sales are net of intercompany sales of $78.5 million and $74.0 million for the three months ended April 30, 2026 and 2025, respectively.

Long-Lived Assets consist of Operating Right-of-Use Assets and Property, Plant and Equipment, Net.


	Long-Lived Assets
	April 30, 2026		January 31, 2026		April 30, 2025
United States	$	58,827	$	62,267	$	72,803
International		20,883		22,711		29,164
Consolidated total	$	79,710	$	84,978	$	101,967


	Operating Right-of-Use Assets
	April 30, 2026		January 31, 2026		April 30, 2025
United States	$	47,661	$	50,705	$	59,645
International		15,644		17,168		22,373
Consolidated total	$	63,305	$	67,873	$	82,018


	Property, Plant and Equipment, Net
	April 30, 2026		January 31, 2026		April 30, 2025
United States	$	11,166	$	11,562	$	13,158
International		5,239		5,543		6,791
Consolidated total	$	16,405	$	17,105	$	19,949