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Segment Information (Tables)

9 Months Ended

Nov. 01, 2025

Segment Reporting [Abstract]

Schedule of Summarized Segment Information

Segment information is summarized as follows (in thousands):

			Three Months Ended Nov 1, 2025
			Europe						Americas Retail						Americas Wholesale						Asia						Licensing						Total
Product sales1			$	404,063					$	170,037					$	126,147					$	60,073					$	—					$	760,320
Net royalties			—						—						—						—						31,107						31,107
Net revenue			404,063						170,037						126,147						60,073						31,107						791,427
Less2:
Cost of sales3			162,186						63,534						75,819						29,347						—						330,886
Store occupancy expense			52,434						40,759						—						11,743						—						104,936
Advertising expense4			10,787						4,791						1,454						1,023						1,695						19,750
Selling and merchandise expense			38,183						9,357						6,324						5,787						—						59,651
Store selling expense			43,673						39,223						—						5,524						—						88,420
General and administrative expense			29,966						11,467						8,616						5,121						155						55,325
Distribution expense			18,272						1,280						3,813						1,865						—						25,230
Other segment items5			14,818						8,579						1,349						2,391						904						28,041
Total segment earnings (loss) from operations			33,744						(8,953)						28,772						(2,728)						28,353						79,188
Reconciliation of segment earnings from operations to earnings before income tax expense:
Asset impairment charges6																																	(4,828)
Net losses on lease modifications																																	(231)
Interest expense																																	(7,809)
Interest income																																	1,760
Other income, net																																	21,246
Unallocated corporate overhead expense4																																	(50,946)
Earnings before income tax expense																																	$	38,380

			Nine Months Ended Nov 1, 2025
			Europe						Americas Retail						Americas Wholesale						Asia						Licensing						Total
Product sales1			$	1,147,046					$	506,045					$	302,772					$	173,943					$	—					$	2,129,806
Net royalties			—						—						—						—						82,359						82,359
Net revenue			1,147,046						506,045						302,772						173,943						82,359						2,212,165
Less2:
Cost of sales3			471,409						191,133						181,951						81,961						—						926,454
Store occupancy expense			149,879						120,694						—						35,918						—						306,491
Advertising expense4			30,579						15,595						3,229						4,075						3,740						57,218
Selling and merchandise expense			112,787						28,474						15,725						15,238						—						172,224
Store selling expense			127,037						116,913						—						17,910						—						261,860
General and administrative expense			89,674						36,145						24,719						14,711						451						165,700
Distribution expense			51,968						4,052						9,667						4,577						—						70,264
Other segment items5			42,477						25,148						3,828						7,877						1,740						81,070
Total segment earnings (loss) from operations			71,236						(32,109)						63,653						(8,324)						76,428						170,884
Reconciliation of segment earnings from operations to earnings before income tax expense:
Asset impairment charges6																																	(13,183)
Net gains on lease modifications																																	5
Interest expense																																	(23,518)
Interest income																																	6,782
Other income, net																																	24,701
Unallocated corporate overhead expense4																																	(149,745)
Earnings before income tax expense																																	$	15,926

			Three Months Ended Nov 2, 2024
			Europe						Americas Retail						Americas Wholesale						Asia						Licensing						Total
Product sales1			$	368,429					$	172,751					$	98,849					$	65,478					$	—					$	705,507
Net royalties			—						—						—						—						33,011						33,011
Net revenue			368,429						172,751						98,849						65,478						33,011						738,518
Less2:
Cost of sales3			147,883						63,449						58,960						28,957						—						299,249
Store occupancy expense			46,019						39,689						—						12,649						—						98,357
Advertising expense4			9,687						6,320						1,215						1,561						2,031						20,814
Selling and merchandise expense			36,505						8,261						2,626						7,486						—						54,878
Store selling expense			38,355						37,887						—						6,647						—						82,889
General and administrative expense			26,194						13,512						6,523						4,839						282						51,350
Distribution expense			17,536						1,690						2,335						1,705						—						23,266
Other segment items5			13,774						9,430						1,780						2,915						402						28,301
Total segment earnings (loss) from operations			32,476						(7,487)						25,410						(1,281)						30,296						79,414
Reconciliation of segment loss from operations to loss before income tax expense:
Asset impairment charges6																																	(1,091)
Net gains on lease modifications																																	718
Interest expense																																	(8,131)
Interest income																																	2,613
Other expense, net																																	(45,826)
Unallocated corporate overhead expense4																																	(36,765)
Loss before income tax expense																																	$	(9,068)

			Nine Months Ended Nov 2, 2024
			Europe						Americas Retail						Americas Wholesale						Asia						Licensing						Total
Product sales1			$	1,035,532					$	498,441					$	245,381					$	192,566					$	—					$	1,971,920
Net royalties			—						—						—						—						91,101						91,101
Net revenue			1,035,532						498,441						245,381						192,566						91,101						2,063,021
Less2:
Cost of sales3			426,053						183,688						146,221						81,887						—						837,849
Store occupancy expense			132,561						112,740						—						36,941						—						282,242
Advertising expense4			24,717						14,299						2,215						4,289						5,392						50,912
Selling and merchandise expense			104,358						25,439						9,462						21,692						—						160,951
Store selling expense			111,840						109,168						—						20,323						—						241,331
General and administrative expense			77,881						36,842						19,590						13,707						833						148,853
Distribution expense			49,570						4,954						7,617						4,506						—						66,647
Other segment items5			39,121						26,496						4,759						7,985						766						79,127
Total segment earnings (loss) from operations			69,431						(15,185)						55,517						1,236						84,110						195,109
Reconciliation of segment earnings from operations to earnings before income tax expense:
Asset impairment charges6																																	(4,509)
Net gains on lease modifications																																	718
Gain on sale of assets7																																	13,781
Interest expense																																	(22,212)
Interest income																																	9,218
Loss on extinguishment of debt																																	(1,952)
Other expense, net																																	(49,932)
Unallocated corporate overhead expense4																																	(134,935)
Earnings before income tax expense																																	$	5,286

______________________________________________________________________

Notes:

1All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.

2The significant expense categories and amounts align with the segment-level information that is regularly provided to the Company’s CODM. All intercompany expenses are eliminated in consolidation and are not reviewed when evaluating segment performance.

3Cost of sales represents the cost of product sales excluding store occupancy expense, buying department expense and retail occupancy distribution expense.

4During the three and nine months ended November 1, 2025, the Company incurred a total of $25.3 million and $76.3 million in advertising expenses, with $19.8 million and $57.2 million allocated within the Company’s segments and $5.5 million and $19.1 million included in unallocated corporate overhead expenses, respectively. During the three and nine months ended November 2, 2024, the Company incurred a total of $25.7 million and $68.6 million in advertising expenses, with $20.8 million and $50.9 million allocated within the Company’s segments and $4.9 million and $17.7 million included in unallocated corporate overhead expenses, respectively.

5Other segment items for each reportable segment include buying department expense, retail occupancy distribution expense, design expense, gain (loss) on equity method investment and stock compensation.

6During the three and nine months ended November 1, 2025 and November 2, 2024, the Company recognized asset impairment charges related primarily to impairment of property and equipment related to certain retail locations resulting from under-performance and expected store closures. Refer to Note 16 - Fair Value Measurements for more information regarding these asset impairment charges.

7During the nine months ended November 2, 2024, the Company recorded a gain on the sale of assets related to the U.S. distribution center.

Depreciation and amortization by segment are summarized as follows (in thousands):

			Three Months Ended												Nine Months Ended
			Nov 1, 2025						Nov 2, 2024						Nov 1, 2025						Nov 2, 2024
Europe			$	10,524					$	8,723					$	29,202					$	26,071
Americas Retail			5,027						4,966						15,362						13,480
Americas Wholesale			559						1,026						1,711						3,098
Asia			997						1,123						3,111						3,209
Corporate overhead			1,809						1,695						5,376						5,256
Total depreciation and amortization			$	18,916					$	17,533					$	54,762					$	51,114

Capital expenditures by segment are summarized as follows (in thousands):

			Three Months Ended												Nine Months Ended
			Nov 1, 2025						Nov 2, 2024						Nov 1, 2025						Nov 2, 2024
Europe			$	3,020					$	7,830					$	23,068					$	21,962
Americas Retail			3,965						4,871						11,795						19,503
Americas Wholesale			4,382						4,218						13,426						10,889
Asia			469						2,248						2,917						4,491
Corporate overhead			5,054						2,907						9,071						6,707
Total capital expenditures			$	16,890					$	22,074					$	60,277					$	63,552

Schedule of Net Revenue by Country

The below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):

			Three Months Ended												Nine Months Ended
			Nov 1, 2025						Nov 2, 2024						Nov 1, 2025						Nov 2, 2024
Net Product Sales:
U.S.			$	217,895					$	198,955					$	594,947					$	542,794
Italy			78,860						72,519						221,531						208,240
Germany			56,970						52,326						154,850						137,615
Spain			40,408						37,385						119,875						107,501
South Korea			35,159						39,097						101,720						118,788
Canada			30,010						33,244						87,847						95,134
Other countries			301,018						271,981						849,036						761,848
Total product sales			760,320						705,507						2,129,806						1,971,920
Net royalties			31,107						33,011						82,359						91,101
Net revenue			$	791,427					$	738,518					$	2,212,165					$	2,063,021

X

- 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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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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