v3.26.1
Segment information
 3 Months Ended
May 02, 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), Blue Nile, James Allen, Diamonds Direct, and Banter by Piercing Pagoda. 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 the 13 weeks ended May 2, 2026 and May 3, 2025 is presented in the tables below.
13 weeks ended May 2, 2026
(in millions)North AmericaInternationalOtherTotal
Sales$1,463.0 $87.5 $3.1 $1,553.6 
Merchandise expense(577.1)(37.8)(2.6)
Services expense(46.7)(2.4)
Other cost of sales(269.7)(24.1)(4.0)
SG&A(467.0)(29.9)
Other segment operating (expense) income, net(1.1)0.1 0.1 
Total segment operating income (loss)$101.4 $(6.6)$(3.4)$91.4 
Restructuring and related charges (1)
(40.2)
Asset impairments (1)
(1.5)
Corporate and unallocated expenses(12.8)
Interest income, net3.6 
Other non-operating income, net0.3 
Income before income taxes$40.8 
13 weeks ended May 3, 2025
(in millions)North AmericaInternationalOtherTotal
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)
Other segment operating expense, net(1.1)(0.8)(0.2)
Total segment operating income (loss)$97.1 $(7.0)$(3.9)$86.2 
Restructuring and related charges (1)
(19.0)
Asset impairments (1)
(3.2)
Corporate and unallocated expenses(15.9)
Interest income, net0.8 
Other non-operating expense, net(3.3)
Income before income taxes$45.6 
(1)     Restructuring and related charges and asset impairment charges during the 13 weeks ended May 2, 2026 and May 3, 2025 were incurred primarily as a result of the Company’s Grow Brand Love strategy initiatives. Restructuring and related charges during the 13 weeks ended May 2, 2026 include $32.7 million of inventory write-downs related to the planned disposal of inventory in connection with the discontinuance of James Allen and Rocksbox as separately operated brands and the decommissioning of their respective websites. See Note 16 for additional information.
The following tables provide the Company’s total depreciation and amortization and total capital expenditures, by reportable segment, for the 13 weeks ended May 2, 2026 and May 3, 2025:
13 weeks ended
(in millions)May 2, 2026May 3, 2025
Depreciation and amortization:
North America segment
$32.3 $34.5 
International segment
2.3 2.4 
Other segment
0.1 0.1 
Total depreciation and amortization$34.7 $37.0 
Capital expenditures:
North America segment
$23.5 $35.2 
International segment
1.0 1.4 
Total capital expenditures$24.5 $36.6 
The following tables provide the Company’s total assets and total long-lived assets, by reportable segment, as of May 2, 2026, January 31, 2026 and May 3, 2025:
(in millions)May 2, 2026January 31, 2026May 3, 2025
Total assets:
North America segment$4,931.1 $5,098.5 $4,871.1 
International segment482.3 483.4 385.8 
Other segment77.0 83.7 92.0 
Corporate and unallocated238.5 286.5 103.0 
Total assets$5,728.9 $5,952.1 $5,451.9 
Total long-lived assets (1):
North America segment$1,471.9 $1,478.6 $1,441.6 
International segment168.4 164.1 151.9 
Other segment2.5 2.7 2.9 
Total long-lived assets$1,642.8 $1,645.4 $1,596.4 
(1)    Includes property, plant and equipment, net; and operating lease right-of-use assets.