Segment and Geographic Information (Tables)

6 Months Ended

Jul. 31, 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 and six months ended July 31, 2026 and 2025.


	Three Months Ended July 31,						Six Months Ended July 31,
	2026			2025			2026			2025
Europe		32.2	%		33.5	%		33.3	%		33.4	%
Americas (excluding the United States)		11.8	%		11.6	%		11.9	%		11.3	%
Asia		8.2	%		6.8	%		7.9	%		6.6	%
Middle East		4.9	%		5.2	%		4.5	%		6.4	%
Total International Operations		57.1	%		57.1	%		57.6	%		57.7	%

Operating Segment Data

Operating Segment Data for the Three Months Ended July 31, 2026 and 2025 (in thousands):


	Net Sales
	2026			2025
Watch and Accessory Brands:
Owned brands category	$	42,399		$	42,120
Licensed brands category		100,693			92,419
Other (a)		(233	)		1,138
Total Watch and Accessory Brands		142,859			135,677
Company Stores		26,893			26,152
Consolidated total	$	169,752		$	161,829

(a) Other includes after-sales service revenue, certain unallocated corporate-level adjustments to net sales, gains and losses related to cash flow hedges and shipping revenue.


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

Net sales	$	142,859	$	26,893	$	169,752		$	135,677		$	26,152	$	161,829
Cost of sales		58,218		10,709		68,927			63,831			10,433		74,264
Gross profit (1)		84,641		16,184		100,825			71,846			15,719		87,565
Selling, general and administrative		74,391		11,556		85,947			72,015			11,543		83,558
Operating income/(loss) (2) (3)	$	10,250	$	4,628	$	14,878		$	(169	)	$	4,176	$	4,007
Other income, net						1,255								1,202
Interest expense						(108	)							(110	)
Income before income taxes					$	16,025							$	5,099

Depreciation and amortization	$	1,720	$	508	$	2,228		$	1,825		$	552	$	2,377

(1)

The Gross profit in the Watch and Accessory Brands segment for the three months ended July 31, 2026 included $3.2 million of IEEPA duty refunds received.

(2)

The operating income/(loss) in the Watch and Accessory Brands Segment included $13.9 million and $10.7 million of unallocated corporate expenses for the three months ended July 31, 2026 and 2025, respectively, and $14.6 million and $14.6 million of certain intercompany profits related to the Company's supply chain operations for the three months ended July 31, 2026 and 2025, respectively.

(3)

The operating income/(loss) in the Watch and Accessory Brands segment for the three months ended July 31, 2026 and 2025, included a pre-tax charge of $0.2 million and $2.1 million, respectively, related to the investigation of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income/(loss) in the Watch and Accessory Brands segment for the three months ended July 31, 2025, included a pre-tax charge of $0.9 million related to the Company's cost-savings initiative.

Operating Segment Data as of and for the Six Months Ended July 31, 2026 and 2025 (in thousands):


	Net Sales
	2026		2025
Watch and Accessory Brands:
Owned brands category	$	78,009	$	75,252
Licensed brands category		186,190		172,662
Other (a)		2,359		2,565
Total Watch and Accessory Brands		266,558		250,479
Company Stores		45,596		43,119
Consolidated total	$	312,154	$	293,598

(a) Other includes after-sales service revenue, certain unallocated corporate-level adjustments to net sales, gains and losses related to cash flow hedges and shipping revenue.


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

Net sales	$	266,558	$	45,596	$	312,154		$	250,479		$	43,119	$	293,598
Cost of sales		111,644		18,092		129,736			117,789			16,894		134,683
Gross profit (1)		154,914		27,504		182,418			132,690			26,225		158,915
Selling, general and administrative		138,057		22,468		160,525			132,868			21,749		154,617
Operating income/(loss) (2) (3)	$	16,857	$	5,036	$	21,893		$	(178	)	$	4,476	$	4,298
Other income, net						3,216								2,962
Interest expense						(210	)							(221	)
Income before income taxes					$	24,899							$	7,039

Depreciation and amortization	$	3,504	$	1,036	$	4,540		$	3,560		$	1,097	$	4,657

(1)

The Gross profit in the Watch and Accessory Brands segment for the six months ended July 31, 2026 included $3.2 million of IEEPA duty refunds received.

(2)

The operating income/(loss) in the Watch and Accessory Brands Segment included $25.4 million and $18.7 million of unallocated corporate expenses for the six months ended July 31, 2026 and 2025, respectively, and $27.5 million and $28.6 million of certain intercompany profits related to the Company's supply chain operations for the six months ended July 31, 2026 and 2025, respectively.

(3)

The operating income/(loss) in the Watch and Accessory Brands segment for the six months ended July 31, 2026 and 2025, included a pre-tax charge of $0.7 million and $2.1 million, respectively, related to the investigation of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income/(loss) in the Watch and Accessory Brands segment for the six months ended July 31, 2025, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative.


	Total Assets						Capital Expenditures
	July 31, 2026		January 31, 2026		July 31, 2025		July 31, 2026		July 31, 2025
Watch and Accessory Brands	$	690,395	$	690,068	$	687,465	$	2,028	$	1,896
Company Stores		52,949		52,553		61,254		319		930
Consolidated total	$	743,344	$	742,621	$	748,719	$	2,347	$	2,826

Geographic Segment Data

Geographic Location Data for the Three Months Ended July 31, 2026 and 2025 (in thousands):


	Net Sales
	2026		2025
United States	$	72,855	$	69,429
International		96,897		92,400
Consolidated total	$	169,752	$	161,829

United States and International net sales are net of intercompany sales of $73.3 million and $82.1 million for the three months ended July 31, 2026 and 2025, respectively.

Geographic Location Data as of and for the Six Months Ended July 31, 2026 and 2025 (in thousands):


	Net Sales
	2026		2025
United States	$	132,311	$	124,129
International		179,843		169,469
Consolidated total	$	312,154	$	293,598

United States and International net sales are net of intercompany sales of $151.7 million and $156.1 million for the six months ended July 31, 2026 and 2025, respectively.

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


	Long-Lived Assets
	July 31, 2026		January 31, 2026		July 31, 2025
United States	$	55,507	$	62,267	$	69,596
International		18,805		22,711		26,730
Consolidated total	$	74,312	$	84,978	$	96,326


	Operating Right-of-Use Assets
	July 31, 2026		January 31, 2026		July 31, 2025
United States	$	44,582	$	50,705	$	56,697
International		13,987		17,168		20,433
Consolidated total	$	58,569	$	67,873	$	77,130


	Property, Plant and Equipment, Net
	July 31, 2026		January 31, 2026		July 31, 2025
United States	$	10,925	$	11,562	$	12,899
International		4,818		5,543		6,297
Consolidated total	$	15,743	$	17,105	$	19,196

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details