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Revenue recognition (Tables)

9 Months Ended

Oct. 28, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table provides the Company’s total sales, disaggregated by banner, for the 13 and 39 weeks ended October 28, 2023 and October 29, 2022:

			13 weeks ended October 28, 2023																								13 weeks ended October 29, 2022
(in millions)			North America						International						Other						Consolidated						North America						International						Other						Consolidated
Sales by banner:
Kay			$	489.9					$	—					$	—					$	489.9					$	535.6					$	—					$	—					$	535.6
Zales			224.1						—						—						224.1						263.2						—						—						263.2
Jared			237.4						—						—						237.4						267.7						—						—						267.7
Digital banners (1) (2)			134.9						—						—						134.9						156.6																		156.6
Diamonds Direct			93.3						—						—						93.3						106.4						—						—						106.4
Banter by Piercing Pagoda			69.4						—						—						69.4						82.9						—						—						82.9
Peoples			36.2						—						—						36.2						40.0						—						—						40.0
International segment banners			—						94.0						—						94.0						—						95.3						—						95.3
Other (3)			5.9						—						6.8						12.7						12.4						—						22.6						35.0
Total sales			$	1,291.1					$	94.0					$	6.8					$	1,391.9					$	1,464.8					$	95.3					$	22.6					$	1,582.7
			39 weeks ended October 28, 2023																								39 weeks ended October 29, 2022
(in millions)			North America						International						Other						Consolidated						North America						International						Other						Consolidated
Sales by banner:
Kay			$	1,659.2					$	—					$	—					$	1,659.2					$	1,820.4					$	—					$	—					$	1,820.4
Zales			798.9						—						—						798.9						929.0						—						—						929.0
Jared			776.6						—						—						776.6						885.3						—						—						885.3
Digital banners (1) (2)			467.3																		467.3						338.5																		338.5
Diamonds Direct			274.6						—						—						274.6						325.7						—						—						325.7
Banter by Piercing Pagoda			234.2						—						—						234.2						302.1						—						—						302.1
Peoples			117.9						—						—						117.9						133.2						—						—						133.2
International segment banners			—						289.0						—						289.0						—						316.9						—						316.9
Other (3)			24.7						—						31.1						55.8						52.0						—						72.8						124.8
Total sales			$	4,353.4					$	289.0					$	31.1					$	4,673.5					$	4,786.2					$	316.9					$	72.8					$	5,175.9

(1) Includes sales from the Company’s digital banners, James Allen and Blue Nile.

(2) Includes Blue Nile sales since the date of acquisition on August 19, 2022. See Note 4 for further details.

(3) Other primarily includes sales from Signet’s diamond sourcing operation, loose diamonds and Rocksbox.

The following table provides the Company’s total sales, disaggregated by major product, for the 13 and 39 weeks ended October 28, 2023 and October 29, 2022:

			13 weeks ended October 28, 2023																								13 weeks ended October 29, 2022
(in millions)			North America						International						Other						Consolidated						North America (3)						International						Other						Consolidated
Sales by product:
Bridal			$	625.9					$	38.7					$	—					$	664.6					$	740.8					$	39.9					$	—					$	780.7
Fashion			431.8						16.4						—						448.2						495.0						16.4						—						511.4
Watches			39.5						32.5						—						72.0						45.1						33.0						—						78.1
Services (1)			163.5						6.4						—						169.9						155.3						6.0						—						161.3
Other (2)			30.4						—						6.8						37.2						28.6						—						22.6						51.2
Total sales			$	1,291.1					$	94.0					$	6.8					$	1,391.9					$	1,464.8					$	95.3					$	22.6					$	1,582.7
			39 weeks ended October 28, 2023																								39 weeks ended October 29, 2022
(in millions)			North America						International						Other						Consolidated						North America (3)						International						Other						Consolidated
Sales by product:
Bridal			$	2,044.6					$	124.2					$	—					$	2,168.8					$	2,283.9					$	139.2					$	—					$	2,423.1
Fashion			1,555.5						49.4						—						1,604.9						1,758.5						52.0						—						1,810.5
Watches			132.7						96.1						—						228.8						150.0						106.1						—						256.1
Services (1)			509.9						19.3						—						529.2						484.8						19.6						—						504.4
Other (2)			110.7						—						31.1						141.8						109.0						—						72.8						181.8
Total sales			$	4,353.4					$	289.0					$	31.1					$	4,673.5					$	4,786.2					$	316.9					$	72.8					$	5,175.9

(1) Services primarily includes sales from service plans, repairs and subscriptions.

(2) Other primarily includes sales from Signet’s diamond sourcing operation and other miscellaneous non-jewelry sales.

(3) Certain amounts have been reclassified between the bridal, fashion, and other categories to conform to the Company’s current product categorizations.

The following table provides the Company’s total sales, disaggregated by channel, for the 13 and 39 weeks ended October 28, 2023 and October 29, 2022:

			13 weeks ended October 28, 2023																								13 weeks ended October 29, 2022
(in millions)			North America						International						Other						Consolidated						North America						International						Other						Consolidated
Sales by channel:
Store			$	1,003.6					$	77.8					$	—					$	1,081.4					$	1,140.6					$	79.8					$	—					$	1,220.4
E-commerce			284.7						16.2						—						300.9						315.6						15.5						—						331.1
Other (1)			2.8						—						6.8						9.6						8.6						—						22.6						31.2
Total sales			$	1,291.1					$	94.0					$	6.8					$	1,391.9					$	1,464.8					$	95.3					$	22.6					$	1,582.7
			39 weeks ended October 28, 2023																								39 weeks ended October 29, 2022
(in millions)			North America						International						Other						Consolidated						North America						International						Other						Consolidated
Sales by channel:
Store			$	3,341.7					$	239.4					$	—					$	3,581.1					$	3,851.7					$	261.6					$	—					$	4,113.3
E-commerce			997.4						49.6						—						1,047.0						894.1						55.3						—						949.4
Other (1)			14.3						—						31.1						45.4						40.4						—						72.8						113.2
Total sales			$	4,353.4					$	289.0					$	31.1					$	4,673.5					$	4,786.2					$	316.9					$	72.8					$	5,175.9

(1) Other primarily includes sales from Signet’s diamond sourcing operation and loose diamonds.

Schedule of Deferred ESP Selling Costs

Unamortized deferred ESP selling costs as of October 28, 2023, January 28, 2023 and October 29, 2022 were as follows:

(in millions)			October 28, 2023						January 28, 2023						October 29, 2022
Other current assets			$	27.4					$	29.2					$	27.7
Other assets			81.3						85.4						85.5
Total deferred ESP selling costs			$	108.7					$	114.6					$	113.2

Schedule of Deferred Revenue

Deferred revenue as of October 28, 2023, January 28, 2023 and October 29, 2022 was as follows:

(in millions)			October 28, 2023						January 28, 2023						October 29, 2022
ESP deferred revenue			$	1,120.2					$	1,159.5					$	1,124.9
Other deferred revenue (1)			82.5						90.1						88.5
Total deferred revenue			$	1,202.7					$	1,249.6					$	1,213.4
Disclosed as:
Current liabilities			$	346.2					$	369.5					$	335.3
Non-current liabilities			856.5						880.1						878.1
Total deferred revenue			$	1,202.7					$	1,249.6					$	1,213.4

(1) Other deferred revenue primarily includes revenue collected from customers for custom orders and eCommerce orders, for which control has not yet transferred to the customer.

			13 weeks ended												39 weeks ended
(in millions)			October 28, 2023						October 29, 2022						October 28, 2023						October 29, 2022
ESP deferred revenue, beginning of period			$	1,138.9					$	1,131.5					$	1,159.5					$	1,116.5
Plans sold (1)			95.7						101.1						318.8						345.2
Revenue recognized (2)			(114.4)						(107.7)						(358.1)						(336.8)
ESP deferred revenue, end of period			$	1,120.2					$	1,124.9					$	1,120.2					$	1,124.9

(1) Includes impact of foreign exchange translation.

(2) The Company recognized sales of $67.7 million and $230.2 million during the 13 and 39 weeks ended October 28, 2023, respectively, and $60.7 million and $208.5 million during the 13 and 39 weeks ended October 29, 2022, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of noncurrent assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
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