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v3.25.1

Revenue recognition (Tables) | 3 Months Ended
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May 03, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table provides the Company’s total sales, disaggregated by brand, for the 13 weeks ended May 3, 2025 and May 4, 2024:
| 13 weeks ended May 3, 2025 |  | 13 weeks ended May 4, 2024
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by brand: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kay | $ | 579.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 579.1 |  |  | $ | 567.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 567.5 |
Zales | 283.2 |  |  | — |  |  | — |  |  | 283.2 |  |  | 256.7 |  |  | — |  |  | — |  |  | 256.7 |
Jared | 260.0 |  |  | — |  |  | — |  |  | 260.0 |  |  | 249.5 |  |  | — |  |  | — |  |  | 249.5 |
Blue Nile | 77.6 |  |  | — |  |  | — |  |  | 77.6 |  |  | 75.8 |  |  | — |  |  | — |  |  | 75.8 |
James Allen | 39.4 |  |  | — |  |  | — |  |  | 39.4 |  |  | 57.9 |  |  | — |  |  | — |  |  | 57.9 |
Diamonds Direct | 84.1 |  |  | — |  |  | — |  |  | 84.1 |  |  | 82.6 |  |  | — |  |  | — |  |  | 82.6 |
Banter by Piercing Pagoda | 82.2 |  |  | — |  |  | — |  |  | 82.2 |  |  | 83.6 |  |  | — |  |  | — |  |  | 83.6 |
Peoples | 40.8 |  |  | — |  |  | — |  |  | 40.8 |  |  | 39.2 |  |  | — |  |  | — |  |  | 39.2 |
International segment brands | — |  |  | 80.1 |  |  | — |  |  | 80.1 |  |  | — |  |  | 77.2 |  |  | — |  |  | 77.2 |
Other (1) | 4.1 |  |  | — |  |  | 11.0 |  |  | 15.1 |  |  | 7.2 |  |  | — |  |  | 13.6 |  |  | 20.8 |
Total sales | $ | 1,450.5 |  |  | $ | 80.1 |  |  | $ | 11.0 |  |  | $ | 1,541.6 |  |  | $ | 1,420.0 |  |  | $ | 77.2 |  |  | $ | 13.6 |  |  | $ | 1,510.8 |
(1) 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 3, 2025 and May 4, 2024:
| 13 weeks ended May 3, 2025 |  | 13 weeks ended May 4, 2024
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America (3) |  | International |  | Other |  | Consolidated
Sales by product: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bridal | $ | 656.6 |  |  | $ | 36.1 |  |  | $ | — |  |  | $ | 692.7 |  |  | $ | 646.0 |  |  | $ | 35.3 |  |  | $ | — |  |  | $ | 681.3 |
Fashion | 533.0 |  |  | 16.4 |  |  | — |  |  | 549.4 |  |  | 530.1 |  |  | 15.2 |  |  | — |  |  | 545.3 |
Watches | 47.8 |  |  | 21.7 |  |  | — |  |  | 69.5 |  |  | 42.7 |  |  | 20.8 |  |  | — |  |  | 63.5 |
Services (1) | 185.4 |  |  | 5.9 |  |  | — |  |  | 191.3 |  |  | 178.6 |  |  | 5.9 |  |  | — |  |  | 184.5 |
Other (2) | 27.7 |  |  | — |  |  | 11.0 |  |  | 38.7 |  |  | 22.6 |  |  | — |  |  | 13.6 |  |  | 36.2 |
Total sales | $ | 1,450.5 |  |  | $ | 80.1 |  |  | $ | 11.0 |  |  | $ | 1,541.6 |  |  | $ | 1,420.0 |  |  | $ | 77.2 |  |  | $ | 13.6 |  |  | $ | 1,510.8 |
(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. (3) Certain amounts have been reclassified between bridal and fashion to conform to the Company’s current product categorizations. The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended May 3, 2025 and May 4, 2024:
| 13 weeks ended May 3, 2025 |  | 13 weeks ended May 4, 2024
(in millions) | North America |  | International |  | Other |  | Consolidated |  | North America |  | International |  | Other |  | Consolidated
Sales by channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Store | $ | 1,125.3 |  |  | $ | 62.8 |  |  | $ | — |  |  | $ | 1,188.1 |  |  | $ | 1,094.3 |  |  | $ | 60.8 |  |  | $ | — |  |  | $ | 1,155.1 |
E-commerce | 321.4 |  |  | 17.3 |  |  | — |  |  | 338.7 |  |  | 321.5 |  |  | 16.4 |  |  | — |  |  | 337.9 |
Other (1) | 3.8 |  |  | — |  |  | 11.0 |  |  | 14.8 |  |  | 4.2 |  |  | — |  |  | 13.6 |  |  | 17.8 |
Total sales | $ | 1,450.5 |  |  | $ | 80.1 |  |  | $ | 11.0 |  |  | $ | 1,541.6 |  |  | $ | 1,420.0 |  |  | $ | 77.2 |  |  | $ | 13.6 |  |  | $ | 1,510.8 |
(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 3, 2025, February 1, 2025 and May 4, 2024 were as follows:
(in millions) | May 3, 2025 |  | February 1, 2025 |  | May 4, 2024
Other current assets | $ | 28.1 |  |  | $ | 28.4 |  |  | $ | 27.8 |
Other assets | 80.8 |  |  | 81.3 |  |  | 82.2 |
Total deferred ESP selling costs | $ | 108.9 |  |  | $ | 109.7 |  |  | $ | 110.0 |
Schedule of Deferred Revenue | Deferred revenue as of May 3, 2025, February 1, 2025 and May 4, 2024 was as follows:
(in millions) | May 3, 2025 |  | February 1, 2025 |  | May 4, 2024
ESP deferred revenue | $ | 1,171.9 |  |  | $ | 1,170.8 |  |  | $ | 1,153.7 |
Other deferred revenue (1) | 80.9 |  |  | 76.8 |  |  | 85.8 |
Total deferred revenue | $ | 1,252.8 |  |  | $ | 1,247.6 |  |  | $ | 1,239.5 |
Disclosed as: |  |  |  |  |
Current liabilities | $ | 366.7 |  |  | $ | 362.5 |  |  | $ | 360.6 |
Non-current liabilities | 886.1 |  |  | 885.1 |  |  | 878.9 |
Total deferred revenue | $ | 1,252.8 |  |  | $ | 1,247.6 |  |  | $ | 1,239.5 |
(1) Other deferred revenue primarily includes revenue collected from customers for custom orders and e-commerce orders, for which control has not yet transferred to the customer.
| 13 weeks ended |  |
(in millions) | May 3, 2025 |  | May 4, 2024 |  |  |  |
ESP deferred revenue, beginning of period | $ | 1,170.8 |  |  | $ | 1,158.7 |  |  |  |  |
Plans sold (1) | 135.0 |  |  | 121.9 |  |  |  |  |
Revenue recognized (2) | (133.9) |  |  | (126.9) |  |  |  |  |
ESP deferred revenue, end of period | $ | 1,171.9 |  |  | $ | 1,153.7 |  |  |  |  |
(1) Includes impact of foreign exchange translation. (2) The Company recognized sales of $87.6 million and $85.2 million during the 13 weeks ended May 3, 2025 and May 4, 2024, respectively, related to deferred revenue that existed at the beginning of the periods.

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