v3.26.1
SEGMENT DATA (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Aug. 02, 2026
USD ($)
Aug. 03, 2025
USD ($)
May 04, 2025
USD ($)
Aug. 02, 2026
USD ($)
numberOfPositions
Aug. 03, 2025
USD ($)
Feb. 01, 2026
USD ($)
Segment Reporting [Line Items]            
Revenue [1] $ 2,097.0 $ 2,167.2   $ 4,122.1 $ 4,150.8  
Cost of goods sold (775.2) (916.4)   (1,614.1) (1,738.3)  
Marketing expenses (126.1) (112.6)   (241.1) (211.5)  
(Loss) income before interest and taxes (190.9) 133.2   (66.6) (199.0)  
Restructuring and other items (423.5) [2] (45.0)   (430.4) (537.7) [3]  
Goodwill and other intangible asset impairments 439.0 0.0 $ 479.5 439.0 479.5  
Goodwill impairment 439.0     439.0    
Depreciation and amortization 57.3 68.7   119.9 136.4  
Inventories, net [4] 1,738.2 1,791.0   1,738.2 1,791.0 $ 1,583.5
All other assets 9,678.5 9,836.6   9,678.5 9,836.6 10,097.5
Total assets 11,416.7 11,627.6   11,416.7 11,627.6 11,681.0
Equity in net income of unconsolidated affiliates 14.0 12.2   $ 27.3 22.7  
Number of Reportable Segments | numberOfPositions       4    
IEEPA Tariff Refund            
Segment Reporting [Line Items]            
Benefit recorded in cost of goods sold 106.7     $ 106.7    
Operating Segments            
Segment Reporting [Line Items]            
Revenue 2,097.0 2,167.2   4,122.1 4,150.8  
Cost of goods sold (775.2) [5],[6] (916.4) [6]   1,614.1 [7],[8] 1,738.3 [8]  
Marketing expenses (78.0) [6],[9] (70.3) [6],[9]   (150.0) [8],[10] (131.4) [8],[10]  
Other segment items (768.6) [11] (792.4) [11]   1,515.2 [12] 1,523.1 [12]  
(Loss) income before interest and taxes 475.2 388.1   842.8 758.0  
EMEA Segment            
Segment Reporting [Line Items]            
Revenue 986.3 1,048.5   1,932.4 1,976.2  
Cost of goods sold (421.1) [6] (445.3) [6]   (817.3) [8] (836.8) [8]  
Marketing expenses (33.7) [6],[9] (31.2) [6],[9]   (69.2) [8],[10] (59.5) [8],[10]  
Other segment items (372.5) [11] (393.5) [11]   (734.5) [12] (752.0) [12]  
(Loss) income before interest and taxes 159.0 178.5   311.4 327.9  
Depreciation and amortization 23.8 31.9   52.6 62.9  
Inventories, net [4] 897.1 936.5   897.1 936.5 826.4
Americas Segment            
Segment Reporting [Line Items]            
Revenue 680.1 684.0   1,283.0 1,292.4  
Cost of goods sold (259.9) [5],[6] (378.2) [6]   (597.0) [7],[8] (707.0) [8]  
Marketing expenses (23.1) [6],[9] (22.1) [6],[9]   (44.3) [8],[10] (45.5) [8],[10]  
Other segment items (202.1) [11] (210.2) [11]   (395.8) [12] (405.6) [12]  
(Loss) income before interest and taxes 195.0 73.5   245.9 134.3  
Goodwill impairment       0.0 7.6  
Depreciation and amortization 9.4 9.2   18.9 18.9  
Inventories, net [4] 572.9 574.0   572.9 574.0 492.7
Equity in net income of unconsolidated affiliates 11.9 10.1   23.0 18.5  
APAC Segment            
Segment Reporting [Line Items]            
Revenue 343.7 335.2   730.7 686.9  
Cost of goods sold (94.2) [6] (92.9) [6]   (199.8) [8] (194.5) [8]  
Marketing expenses (21.2) [6],[9] (17.0) [6],[9]   (36.5) [8],[10] (26.4) [8],[10]  
Other segment items (180.7) [11] (174.0) [11]   (357.4) [12] (335.7) [12]  
(Loss) income before interest and taxes 47.6 51.3   137.0 130.3  
Goodwill impairment       0.0 418.4  
Depreciation and amortization 10.3 10.5   20.3 20.9  
Inventories, net [4] 268.2 280.5   268.2 280.5 $ 264.4
Equity in net income of unconsolidated affiliates 2.1 2.1   4.3 4.2  
Licensing Segment            
Segment Reporting [Line Items]            
Revenue 86.9 99.5   176.0 195.3  
Cost of goods sold 0.0 [6] 0.0 [6]   0.0 [8] 0.0 [8]  
Marketing expenses 0.0 [6],[9] 0.0 [6],[9]   0.0 [8],[10] 0.0 [8],[10]  
Other segment items (13.3) [11] (14.7) [11]   (27.5) [12] (29.8) [12]  
(Loss) income before interest and taxes 73.6 84.8   148.5 165.5  
Goodwill impairment       0.0    
Corporate and other            
Segment Reporting [Line Items]            
Marketing expenses (48.1) (42.3)   (91.1) (80.1)  
(Loss) income before interest and taxes (242.6) [9],[13] (209.9) [9],[13]   (479.0) [10],[14] (419.3) [10]  
Depreciation and amortization 12.6 14.8   25.7 31.4  
Restructuring and other items            
Segment Reporting [Line Items]            
Depreciation and amortization [15] $ 1.2 $ 2.3   $ 2.4 $ 2.3  
[1] Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2] Restructuring and other items for the thirteen weeks ended August 2, 2026 included (i) a noncash goodwill impairment charge of $439.0 million discussed further in Note 5, “Goodwill and Other Intangible Assets” and (ii) a net gain of $15.5 million related to the Growth Driver 5 Actions described in Note 14, “Exit Activity Costs,” consisting principally of a gain in connection with the sale of an owned warehouse and distribution center and severance.
(6)     Restructuring and other items for the thirteen weeks ended August 3, 2025 related to the Growth Driver 5 Actions described in Note 14, “Exit Activity Costs,” consisting principally of severance.
[3] Restructuring and other items for the twenty-six weeks ended August 3, 2025 included (i) noncash goodwill and other intangible asset impairment charges of $479.5 million discussed further in Note 5, “Goodwill and Other Intangible Assets” and (ii) costs of $58.2 million incurred related to the Growth Driver 5 Actions described in Note 14, “Exit Activity Costs,” consisting principally of severance.
[4] Inventories, net includes the impact of changes in foreign currency exchange rates.
[5] Cost of goods sold for the thirteen weeks ended August 2, 2026 included a benefit of $106.7 million related to tariff refunds received during the second quarter of 2026 which was included in the Americas segment.
[6] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[7] Cost of goods sold for the twenty-six weeks ended August 2, 2026 included a benefit of $106.7 million related to tariff refunds received during the second quarter of 2026 which was included in the Americas segment.
[8] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[9] In addition to the marketing expenses incurred by the Company’s reportable segments, there was $48.1 million and $42.3 million of global brand marketing expense, including marketing expenses benefiting the Company’s licensees, recorded in Corporate and other for the thirteen weeks ended August 2, 2026 and August 3, 2025, respectively. Total marketing expenses incurred by the Company for the thirteen weeks ended August 2, 2026 and August 3, 2025 were $126.1 million and $112.6 million, respectively.
[10] In addition to the marketing expenses incurred by the Company’s reportable segments, there was $91.1 million and $80.1 million of global brand marketing expense, including marketing expenses benefiting the Company’s licensees, recorded in Corporate and other for the twenty-six weeks ended August 2, 2026 and August 3, 2025, respectively. Total marketing expenses incurred by the Company for the twenty-six weeks ended August 2, 2026 and August 3, 2025 were $241.1 million and $211.5 million, respectively.
[11] Other segment items include (i) all other segment SG&A expenses other than marketing expense, including direct and indirect costs to operate the segment’s retail store, digital commerce, licensing and wholesale businesses, warehousing and distribution costs, depreciation and amortization, and other costs, and (ii) equity in net income of unconsolidated affiliates.
[12] Other segment items include (i) all other segment SG&A expenses other than marketing expense, including direct and indirect costs to operate the segment’s retail store, digital commerce, licensing and wholesale businesses, warehousing and distribution costs, depreciation and amortization, and other costs, and (ii) equity in net income of unconsolidated affiliates.
[13] Corporate and other includes costs that are not specific to any particular segment, primarily consisting of (i) global brand costs, which include centrally managed marketing, design, and merchandising costs; (ii) corporate expenses, which include centrally managed information technology costs, including network, infrastructure and global systems; expenses for senior corporate management; and expenses for corporate support functions including finance, human resources, legal and information security; and (iii) intangible asset amortization.
[14] Corporate and other includes costs that are not specific to any particular segment, primarily consisting of (i) global brand costs, which include centrally managed marketing, design, and merchandising costs; (ii) corporate expenses, which include centrally managed information technology costs, including network, infrastructure and global systems; expenses for senior corporate management; and expenses for corporate support functions including finance, human resources, legal and information security; and (iii) intangible asset amortization.
[15] Restructuring and other items included accelerated depreciation related to the Growth Driver 5 Actions described in Note 14, “Exit Activity Costs.”