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Segment information
 6 Months Ended
Aug. 03, 2024
Segment Reporting [Abstract]  
Segment information Segment information
Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s CODM utilizes segment sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. Signet aggregates operating segments with similar economic and operating characteristics. Signet manages its business as three reportable segments: North America, International, and Other. Signet’s sales are derived from the retailing of jewelry, watches, other products and services as generated through the management of its reportable segments. 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 The Galleria Of Jewelry and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and digital banners, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewellers.
The International reportable segment operates stores in the UK, Republic of Ireland and Channel Islands, as well as online. Its stores operate in malls and off-mall locations (i.e. high street) principally under the H. Samuel and Ernest Jones banners.
The Other reportable segment primarily consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
13 weeks ended26 weeks ended
(in millions)August 3, 2024July 29, 2023August 3, 2024July 29, 2023
Sales:
North America segment
$1,397.6 $1,501.1 $2,817.6 $3,062.3 
International segment
86.5 102.0 163.7 195.0 
Other segment
6.9 10.5 20.5 24.3 
Total sales
$1,491.0 $1,613.6 $3,001.8 $3,281.6 
Operating (loss) income:
North America segment (1)
$(77.2)$117.1 $6.0 $241.8 
International segment (2)
(4.2)(7.0)(17.2)(13.9)
Other segment
(2.6)(1.0)(5.7)(1.7)
Corporate and unallocated expenses(16.9)(18.9)(34.2)(34.3)
Total operating (loss) income
(100.9)90.2 (51.1)191.9 
Interest income, net2.4 1.8 11.0 7.4 
Other non-operating income (expense), net1.6 0.3 1.8 (0.1)
(Loss) income before income taxes$(96.9)$92.3 $(38.3)$199.2 
(1)    Operating (loss) income during the 13 and 26 weeks ended August 3, 2024 includes $166.2 million and $168.2 million, respectively, of asset impairment charges primarily related to goodwill and indefinite-lived intangible assets; $0.9 million and $1.1 million, respectively, of integration-related expenses, primarily severance and retention, incurred for the integration of Blue Nile; and $0.2 million and $0.8 million, respectively, of restructuring charges.
Operating income during the 13 and 26 weeks ended July 29, 2023 includes $4.8 million and $12.6 million, respectively, of acquisition and integration-related expenses, primarily severance and retention, and exit and disposal costs, and system decommissioning costs incurred for the integration of Blue Nile; $3.8 million and $5.6 million, respectively, of net asset impairment charges; and $4.2 million of restructuring charges. Operating income during the 26 weeks ended July 29, 2023 includes a $3.0 million credit to income related to the adjustment of a prior litigation accrual.
See Note 12, Note 18 and Note 20 for additional information.
(2)    Operating loss during the 13 and 26 weeks ended August 3, 2024 includes $1.0 million and $5.0 million, respectively, of restructuring charges and $1.2 million and $2.5 million, respectively, of net losses from the previously announced divestiture of the UK prestige watch business. Operating loss during the 26 weeks ended August 3, 2024 includes $0.4 million of net asset impairment charges primarily related to planned store closures.
    See Note 18 for additional information.