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Segment and Geographic Information | 3 Months Ended
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Apr. 30, 2026
Segment Reporting [Abstract] |
Segment and Geographic Information | NOTE 16 – SEGMENT AND GEOGRAPHIC INFORMATION The Company follows accounting guidance related to disclosures about segments of an enterprise and related information. This guidance requires disclosure of segment data based on how management makes decisions about allocating resources to segments and measuring their performance. The Company conducts its business in two operating segments: Watch and Accessory Brands and Company Stores. The Company’s Watch and Accessory Brands segment includes the designing, manufacturing and distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment includes the Company’s retail outlet business. The Chief Executive Officer of the Company is the Company's chief operating decision maker ("CODM") and regularly reviews operating results for each of the two operating segments to assess performance and makes operating decisions about the allocation of the Company’s resources. The Company’s CODM evaluates operating results based on gross profit, defined as net sales less cost of sales, and operating income, defined as gross profit less selling, general and administrative expenses. The CODM uses gross profit and operating income in the budgeting and forecasting process. The CODM considers budget-to-current forecast and prior forecast-to-current forecast variances for gross profit and operating income for evaluating performance of the segments and making decisions about allocating capital and other resources to each segment. The Company divides its business into two major geographic locations: United States operations and International, which includes the results of all non-U.S. Company operations. The allocation of geographic revenue is based upon the location of the customer. The following table summarizes the Company's net sales in the International locations by region as a percentage of the Company's total net sales for the three months ended April 30, 2026 and 2025.
|  | Three Months Ended April 30, |
|  | 2026 |  |  | 2025 |
Europe |  |  | 34.7 | % |  |  | 33.6 | %
Americas (excluding the United States) |  |  | 11.9 | % |  |  | 10.9 | %
Asia |  |  | 7.5 | % |  |  | 6.3 | %
Middle East |  |  | 4.1 | % |  |  | 7.7 | %
Total International Operations |  |  | 58.2 | % |  |  | 58.5 | %
Operating Segment Data as of and for the Three Months Ended April 30, 2026 and 2025 (in thousands):
|  | Net Sales |
|  | 2026 |  |  | 2025 |
Watch and Accessory Brands: |  |  |  |  |  |
Owned brands category |  | $ | 35,610 |  |  | $ | 33,132 |
Licensed brands category |  |  | 85,497 |  |  |  | 80,243 |
After-sales service and all other |  |  | 2,592 |  |  |  | 1,427 |
Total Watch and Accessory Brands |  |  | 123,699 |  |  |  | 114,802 |
Company Stores |  |  | 18,703 |  |  |  | 16,967 |
Consolidated total |  | $ | 142,402 |  |  | $ | 131,769 |
|  | Watch and Accessory Brands |  | Company Stores |  | Consolidated Total |  |  | Watch and Accessory Brands |  | Company Stores |  | Consolidated Total |
|  | 2026 |  | 2026 |  | 2026 |  |  | 2025 |  | 2025 |  | 2025 |
Net sales |  | $ | 123,699 |  | $ | 18,703 |  | $ | 142,402 |  |  | $ | 114,802 |  | $ | 16,967 |  | $ | 131,769 |
Cost of sales |  |  | 53,426 |  |  | 7,383 |  |  | 60,809 |  |  |  | 53,958 |  |  | 6,461 |  |  | 60,419 |
Gross profit |  |  | 70,273 |  |  | 11,320 |  |  | 81,593 |  |  |  | 60,844 |  |  | 10,506 |  |  | 71,350 |
Selling, general and administrative |  |  | 63,666 |  |  | 10,912 |  |  | 74,578 |  |  |  | 60,853 |  |  | 10,206 |  |  | 71,059 |
Operating income/(loss) (1) (2) |  | $ | 6,607 |  | $ | 408 |  | $ | 7,015 |  |  | $ | (9 | ) | $ | 300 |  | $ | 291 |
Other income, net |  |  |  |  |  |  | 1,961 |  |  |  |  |  |  |  | 1,760 |
Interest expense |  |  |  |  |  |  | (102 | ) |  |  |  |  |  |  | (111 | )
Income before income taxes |  |  |  |  |  | $ | 8,874 |  |  |  |  |  |  | $ | 1,940 |
Depreciation and amortization |  | $ | 1,784 |  | $ | 528 |  | $ | 2,312 |  |  | $ | 1,735 |  | $ | 545 |  | $ | 2,280 |
(1) The operating income/(loss) in the Watch and Accessory Brands Segment included $11.5 million and $8.0 million of unallocated corporate expenses for the three months ended April 30, 2026 and 2025, respectively, and $12.9 million and $14.0 million of certain intercompany profits related to the Company's supply chain operations for the three months ended April 30, 2026 and 2025, respectively. (2) The operating income in the Watch and Accessory Brands segment for the three months ended April 30, 2026, included a pre-tax charge of $0.5 million related to the investigation of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating (loss) in the Watch and Accessory Brands segment included a pre-tax charge of $0.6 million related to the Company's cost-savings initiative for the three months ended April 30, 2025.
|  | Total Assets |  |  | Capital Expenditures |
|  | April 30, 2026 |  |  | January 31, 2026 |  |  | April 30, 2025 |  |  | April 30, 2026 |  |  | April 30, 2025 |
Watch and Accessory Brands |  | $ | 679,008 |  |  | $ | 690,068 |  |  | $ | 685,095 |  |  | $ | 1,081 |  |  | $ | 1,103 |
Company Stores |  |  | 55,002 |  |  |  | 52,553 |  |  |  | 62,083 |  |  |  | 73 |  |  |  | 430 |
Consolidated total |  | $ | 734,010 |  |  | $ | 742,621 |  |  | $ | 747,178 |  |  | $ | 1,154 |  |  | $ | 1,533 |
Geographic Location Data as of and for the Three Months Ended April 30, 2026 and 2025 (in thousands):
|  | Net Sales |  |
|  | 2026 |  |  | 2025 |  |
United States |  | $ | 59,456 |  |  | $ | 54,700 |  |
International |  |  | 82,946 |  |  |  | 77,069 |  |
Consolidated total |  | $ | 142,402 |  |  | $ | 131,769 |  |
United States and International net sales are net of intercompany sales of $78.5 million and $74.0 million for the three months ended April 30, 2026 and 2025, respectively. Long-Lived Assets consist of Operating Right-of-Use Assets and Property, Plant and Equipment, Net.
|  | Long-Lived Assets |
|  | April 30, 2026 |  |  | January 31, 2026 |  |  | April 30, 2025 |
United States |  | $ | 58,827 |  |  | $ | 62,267 |  |  | $ | 72,803 |
International |  |  | 20,883 |  |  |  | 22,711 |  |  |  | 29,164 |
Consolidated total |  | $ | 79,710 |  |  | $ | 84,978 |  |  | $ | 101,967 |
|  | Operating Right-of-Use Assets |
|  | April 30, 2026 |  |  | January 31, 2026 |  |  | April 30, 2025 |
United States |  | $ | 47,661 |  |  | $ | 50,705 |  |  | $ | 59,645 |
International |  |  | 15,644 |  |  |  | 17,168 |  |  |  | 22,373 |
Consolidated total |  | $ | 63,305 |  |  | $ | 67,873 |  |  | $ | 82,018 |
|  | Property, Plant and Equipment, Net |
|  | April 30, 2026 |  |  | January 31, 2026 |  |  | April 30, 2025 |
United States |  | $ | 11,166 |  |  | $ | 11,562 |  |  | $ | 13,158 |
International |  |  | 5,239 |  |  |  | 5,543 |  |  |  | 6,791 |
Consolidated total |  | $ | 16,405 |  |  | $ | 17,105 |  |  | $ | 19,949 |

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- Definition The entire disclosure for reporting segments including data and tables. 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