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Revenue recognition (Tables)

3 Months Ended

May 04, 2024

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 weeks ended May 4, 2024 and April 29, 2023:

			13 weeks ended May 4, 2024																								13 weeks ended April 29, 2023
(in millions)			North America						International						Other						Consolidated						North America						International						Other						Consolidated
Sales by banner:
Kay			$	567.5					$	—					$	—					$	567.5					$	602.2					$	—					$	—					$	602.2
Zales			256.7						—						—						256.7						295.4						—						—						295.4
Jared			249.5						—						—						249.5						274.0						—						—						274.0
Digital banners (1)			133.7						—						—						133.7						168.2																		168.2
Diamonds Direct			82.6						—						—						82.6						88.2						—						—						88.2
Banter by Piercing Pagoda			83.6						—						—						83.6						85.5						—						—						85.5
Peoples			39.2						—						—						39.2						38.2						—						—						38.2
International segment banners			—						77.2						—						77.2						—						93.0						—						93.0
Other (2)			7.2						—						13.6						20.8						9.5						—						13.8						23.3
Total sales			$	1,420.0					$	77.2					$	13.6					$	1,510.8					$	1,561.2					$	93.0					$	13.8					$	1,668.0

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

(2) Other primarily includes sales from the Company’s diamond sourcing operation, loose diamonds and Rocksbox.

The following table provides the Company’s total sales, disaggregated by major product, for the 13 weeks ended May 4, 2024 and April 29, 2023:

			13 weeks ended May 4, 2024																								13 weeks ended April 29, 2023
(in millions)			North America						International						Other						Consolidated						North America						International						Other						Consolidated
Sales by product:
Bridal			$	639.3					$	35.3					$	—					$	674.6					$	727.7					$	41.0					$	—					$	768.7
Fashion			536.8						15.2						—						552.0						571.4						15.6						—						587.0
Watches			42.7						20.8						—						63.5						44.8						30.1						—						74.9
Services (1)			178.6						5.9						—						184.5						175.8						6.3						—						182.1
Other (2)			22.6						—						13.6						36.2						41.5						—						13.8						55.3
Total sales			$	1,420.0					$	77.2					$	13.6					$	1,510.8					$	1,561.2					$	93.0					$	13.8					$	1,668.0

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

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

The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended May 4, 2024 and April 29, 2023:

			13 weeks ended May 4, 2024																								13 weeks ended April 29, 2023
(in millions)			North America						International						Other						Consolidated						North America						International						Other						Consolidated
Sales by channel:
Store			$	1,094.3					$	60.8					$	—					$	1,155.1					$	1,191.0					$	76.8					$	—					$	1,267.8
eCommerce			321.5						16.4						—						337.9						364.4						16.2						—						380.6
Other (1)			4.2						—						13.6						17.8						5.8						—						13.8						19.6
Total sales			$	1,420.0					$	77.2					$	13.6					$	1,510.8					$	1,561.2					$	93.0					$	13.8					$	1,668.0

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

Unamortized deferred selling costs

Unamortized deferred ESP selling costs as of May 4, 2024, February 3, 2024 and April 29, 2023 were as follows:

(in millions)			May 4, 2024						February 3, 2024						April 29, 2023
Other current assets			$	27.8					$	28.2					$	28.4
Other assets			82.2						83.0						84.1
Total deferred ESP selling costs			$	110.0					$	111.2					$	112.5

Schedule of Deferred Revenue

Deferred revenue as of May 4, 2024, February 3, 2024 and April 29, 2023 was as follows:

(in millions)			May 4, 2024						February 3, 2024						April 29, 2023
ESP deferred revenue			$	1,153.7					$	1,158.7					$	1,149.4
Other deferred revenue (1)			85.8						86.0						94.2
Total deferred revenue			$	1,239.5					$	1,244.7					$	1,243.6
Disclosed as:
Current liabilities			$	360.6					$	362.9					$	368.7
Non-current liabilities			878.9						881.8						874.9
Total deferred revenue			$	1,239.5					$	1,244.7					$	1,243.6

(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
(in millions)			May 4, 2024						April 29, 2023
ESP deferred revenue, beginning of period			$	1,158.7					$	1,159.5
Plans sold (1)			121.9						113.4
Revenue recognized (2)			(126.9)						(123.5)
ESP deferred revenue, end of period			$	1,153.7					$	1,149.4

(1) Includes impact of foreign exchange translation.

(2) The Company recognized sales of $85.2 million and $86.7 million during the 13 weeks ended May 4, 2024 and April 29, 2023, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

X

- Definition

Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 340
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479483/340-40-50-3

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- 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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- Definition

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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