Signet Jewelers Limited (SIG) 10-Q 9 Jun 22 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Apr. 30, 2022	Jun. 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2022
Document Transition Report	false
Entity File Number	1-32349
Entity Registrant Name	SIGNET JEWELERS LIMITED
Entity Incorporation, State or Country Code	D0
Entity Address, Address Line One	Clarendon House
Entity Address, Address Line Two	2 Church Street
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM11
Entity Address, Country	BM
City Area Code	441
Local Phone Number	296 5872
Title of 12(b) Security	Common Shares of $0.18 each
Trading Symbol	SIG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,514,362
Amendment flag	false
Document fiscal year focus	2023
Document fiscal period focus	Q1
Entity Central Index Key	0000832988
Current Fiscal Year End Date	--01-28

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Income Statement [Abstract]
Sales	$ 1,838.3	$ 1,688.8
Cost of sales	(1,114.6)	(1,010.4)
Gross margin	723.7	678.4
Selling, general and administrative expenses	(533.1)	(512)
Other operating income (expense)	(190.4)	2.3
Operating income	0.2	168.7
Interest expense, net	(4.4)	(3.9)
Other non-operating income (expense)	(134.5)	0.1
Income (loss) before income taxes	(138.7)	164.9
Income taxes	55.2	(26.5)
Net income (loss)	(83.5)	138.4
Dividends on redeemable convertible preferred shares	(8.6)	(8.6)
Net income (loss) attributable to common shareholders	$ (92.1)	$ 129.8
Earnings (loss) per common share:
Basic (usd per share)	$ (1.89)	$ 2.49
Diluted (usd per share)	$ (1.89)	$ 2.23
Weighted average common shares outstanding:
Basic (shares)	48.8	52.1
Diluted (shares)	48.8	62

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Pre-tax amount
Foreign currency translation adjustments	$ (16.8)	$ 6.7
Available-for-sale securities:
Unrealized loss	(0.3)	(0.1)
Cash flow hedges:
Unrealized gain (loss)	1.2	(0.1)
Reclassification adjustment for losses (gains) to earnings	0	0.2
Pension plan:
Actuarial gain (loss)	(0.5)	0
Reclassification adjustment for amortization of actuarial losses to earnings	0.9	0.2
Reclassification adjustment for amortization of net prior service costs to earnings	0.1	0
Reclassification adjustment for pension settlement loss to earnings	131.9	0
Total other comprehensive income	116.5	6.9
Tax (expense) benefit
Foreign currency translation adjustments	0	0
Available-for-sale securities:
Unrealized loss	0	0
Cash flow hedges:
Unrealized gain (loss)	(0.2)	0
Reclassification adjustment for losses (gains) to earnings	0	0
Pension plan:
Actuarial gain (loss)	0.1	0
Reclassification adjustment for amortization of actuarial losses to earnings	(0.2)	0
Reclassification adjustment for amortization of net prior service costs to earnings	0	0
Reclassification adjustment for pension settlement loss to earnings	(25)	0
Total other comprehensive income	(25.3)	0
After-tax amount
Net income (loss)	(83.5)	138.4
Foreign currency translation adjustments	(16.8)	6.7
Available-for-sale securities:
Unrealized loss	(0.3)	(0.1)
Cash flow hedges:
Unrealized gain (loss)	1	(0.1)
Reclassification adjustment for losses (gains) to earnings	0	0.2
Pension plan:
Actuarial gain (loss)	(0.4)	0
Reclassification adjustment for amortization of actuarial losses to earnings	0.7	0.2
Reclassification adjustment for amortization of net prior service costs to earnings	0.1	0
Reclassification adjustment for pension settlement loss to earnings	106.9	0
Total other comprehensive income	91.2	6.9
Total comprehensive income	$ 7.7	$ 145.3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Current assets:
Cash and cash equivalents	$ 927.6	$ 1,418.3	$ 1,298.4
Accounts receivable, net	17.1	19.9	78.9
Other current assets	209.9	208.6	187.1
Income taxes	144.7	23.2	58.4
Inventories	2,216.2	2,060.4	2,019
Total current assets	3,515.5	3,730.4	3,641.8
Non-current assets:
Property, plant and equipment, net of accumulated depreciation and amortization of $1,265.9 (January 29, 2022 and May 1, 2021: $1,248.9 and $1,208.7, respectively)	561.1	575.9	544.5
Operating lease right-of-use assets	1,141.8	1,206.6	1,301.2
Goodwill	486.4	484.6	244.9
Intangible assets, net	313.5	314.2	190.6
Other assets	232.4	226.1	241
Deferred tax assets	35.6	37.3	16.8
Total assets	6,286.3	6,575.1	6,180.8
Current liabilities:
Accounts payable	880.7	899.8	700.1
Accrued expenses and other current liabilities	610.6	501.6	517.2
Deferred revenue	336.9	341.3	310
Operating lease liabilities	287.2	300	345.7
Income taxes	24.4	28	24.5
Total current liabilities	2,139.8	2,070.7	1,897.5
Non-current liabilities:
Long-term debt	147.1	147.1	146.8
Operating lease liabilities	948.1	1,005.1	1,087.3
Other liabilities	103.7	117.6	108.9
Deferred revenue	867.1	857.6	797.7
Deferred tax liabilities	171.1	160.9	171.1
Total liabilities	4,376.9	4,359	4,209.3
Commitments and contingencies
Series A redeemable convertible preferred shares of $.01 par value: authorized 500 shares, 0.625 shares outstanding (January 29, 2022 and May 1, 2021: 0.625 shares outstanding, respectively)	652.6	652.1	650.9
Shareholders’ equity:
Common shares of $.18 par value: authorized 500 shares, 46.5 shares outstanding (January 29, 2022 and May 1, 2021: 49.9 and 52.7 outstanding, respectively)	12.6	12.6	12.6
Additional paid-in capital	236.8	231.2	252.2
Other reserves	0.4	0.4	0.4
Treasury shares at cost: 23.5 shares (January 29, 2022 and May 1, 2021: 20.1 and 17.3 shares, respectively)	(1,474.2)	(1,206.7)	(965.2)
Retained earnings	2,740.9	2,877.4	2,304.2
Accumulated other comprehensive loss	(259.7)	(350.9)	(283.6)
Total shareholders’ equity	1,256.8	1,564	1,320.6
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	$ 6,286.3	$ 6,575.1	$ 6,180.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Accumulated depreciation	$ 1,265.9	$ 1,248.9	$ 1,208.7
Common shares, par value (usd per share)	$ 0.18	$ 0.18	$ 0.18
Common shares, authorized (shares)	500,000,000	500,000,000	500,000,000
Common shares, outstanding (shares)	46,500,000	49,900,000	52,700,000
Treasury shares, shares (shares)	23,500,000	20,100,000	17,300,000
Series A Redeemable Convertible Preferred Stock
Preferred shares, par value (usd per share)	$ 0.01	$ 0.01	$ 0.01
Preferred shares, authorized (shares)	500,000,000	500,000,000	500,000,000
Preferred shares, outstanding (shares)	625,000	625,000	625,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Cash flows from operating activities
Net income (loss)	$ (83.5)	$ 138.4
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	40	42.1
Amortization of unfavorable contracts	(0.5)	(1.4)
Share-based compensation	10.5	8
Deferred taxation	(14.9)	9.5
Pension settlement loss	131.9	0
Other non-cash movements	5.1	2
Changes in operating assets and liabilities, net of acquisitions:
Decrease in accounts receivable	2.8	9.8
(Increase) decrease in other assets and other receivables	(7.3)	44
(Increase) decrease in inventories	(167.3)	19.3
Decrease in accounts payable	(23.6)	(122.2)
Increase in accrued expenses and other liabilities	105.1	18
Change in operating lease assets and liabilities	(4.4)	(31.2)
Increase in deferred revenue	5.4	34.4
Change in income tax receivable and payable	(125.6)	(8.4)
Pension plan contributions	(9.2)	(1.2)
Net cash (used in) provided by operating activities	(135.5)	161.1
Investing activities
Purchase of property, plant and equipment	(20.8)	(11.3)
Purchase of available-for-sale securities	0	(1)
Proceeds from sale of available-for-sale securities	0.5	1.9
Acquisitions, net of cash acquired	(1.9)	(14.4)
Net cash used in investing activities	(22.2)	(24.8)
Financing activities
Dividends paid on common shares	(9)	0
Dividends paid on redeemable convertible preferred shares	(8.2)	0
Repurchase of common shares	(268.2)	0
Other financing activities	(40.2)	(13.7)
Net cash used in financing activities	(325.6)	(13.7)
Cash and cash equivalents at beginning of period	1,418.3	1,172.5
(Decrease) increase in cash and cash equivalents	(483.3)	122.6
Effect of exchange rate changes on cash and cash equivalents	(7.4)	3.3
Cash and cash equivalents at end of period	$ 927.6	$ 1,298.4

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common shares at par value	Additional paid-in capital	Other reserves	Treasury shares	Retained earnings	Accumulated other comprehensive loss
Beginning Balance at Jan. 30, 2021	$ 1,190.3	$ 12.6	$ 258.8	$ 0.4	$ (980.2)	$ 2,189.2	$ (290.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	138.4					138.4
Other comprehensive income (loss)	6.9						6.9
Dividends declared: Preferred shares	(8.6)					(8.6)
Net settlement of equity-based awards	(14.4)		(14.6)		15	(14.8)
Share-based compensation expense	8		8
Ending Balance at May. 01, 2021	1,320.6	12.6	252.2	0.4	(965.2)	2,304.2	(283.6)
Beginning Balance at Jan. 29, 2022	1,564	12.6	231.2	0.4	(1,206.7)	2,877.4	(350.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(83.5)					(83.5)
Other comprehensive income (loss)	91.2						91.2
Dividends declared: Common shares	(9.3)					(9.3)
Dividends declared: Preferred shares	(8.6)					(8.6)
Repurchase of common shares	(268.2)		50		(318.2)
Net settlement of equity-based awards	(39.3)		(54.9)		50.7	(35.1)
Share-based compensation expense	10.5		10.5
Ending Balance at Apr. 30, 2022	$ 1,256.8	$ 12.6	$ 236.8	$ 0.4	$ (1,474.2)	$ 2,740.9	$ (259.7)

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Statement of Stockholders' Equity [Abstract]
Common stock, dividends (usd per share)	$ 0.20	$ 0
Preferred stock, dividends (usd per share)	$ 13.14	$ 13.14

Organization and Principal Acco

Organization and Principal Accounting Policies	3 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Principal Accounting Policies	Organization and principal accounting policies Signet Jewelers Limited (“Signet” or the “Company”), a holding company incorporated in Bermuda, is the world’s largest retailer of diamond jewelry. The Company operates through its 100% owned subsidiaries with sales primarily in the United States (“US”), United Kingdom (“UK”) and Canada. Signet manages its business as three reportable segments: North America, International, and Other. The “Other” reportable segment primarily consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones. See Note 5 for additional discussion of the Company’s reportable segments. Signet’s business is seasonal, with the fourth quarter historically accounting for approximately 35-40% of annual sales as well as accounts for a substantial portion of the annual operating profit. Risks and Uncertainties - COVID-19 In December 2019, a novel coronavirus (“COVID-19”) was identified in Wuhan, China. During Fiscal 2021, the Company experienced significant disruption to its business, specifically in its retail store operations through temporary closures during the first half of the year. By the end of the third quarter of Fiscal 2021, the Company had re-opened substantially all of its stores. However, during the fourth quarter of Fiscal 2021, both the UK and certain Canadian provinces re-established mandated temporary closure of non-essential businesses. The UK stores began to reopen in April 2021, while the Canadian stores began reopening in the second quarter of Fiscal 2022. The full extent and duration of the impact of COVID-19 on the Company’s operations and financial performance remains unknown and depends on future developments that are uncertain and unpredictable, including the duration and possible resurgence of COVID-19 (including through variants), the success of the vaccine rollout globally, its impact on the Company’s global supply chain, and the uncertainty of customer behavior and potential shifts in discretionary spending. The Company will continue to evaluate the impact of COVID-19 on its business, results of operations and cash flows throughout Fiscal 2023, including the potential impacts on various estimates and assumptions inherent in the preparation of the condensed consolidated financial statements. Basis of preparation The condensed consolidated financial statements of Signet are prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with US generally accepted accounting principles (“US GAAP”) have been condensed or omitted from this report, as is permitted by such rules and regulations. Intercompany transactions and balances have been eliminated in consolidation. Signet has reclassified certain prior year amounts to conform to the current year presentation. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes included in Signet’s Annual Report on Form 10-K for the fiscal year ended January 29, 2022 filed with the SEC on March 17, 2022. Use of estimates The preparation of these condensed consolidated financial statements, in conformity with US GAAP and SEC regulations for interim reporting, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are primarily made in relation to the valuation of inventories, deferred revenue, derivatives, employee benefits, income taxes, contingencies, leases, asset impairments for goodwill, indefinite-lived intangible and long-lived assets and the depreciation and amortization of long-lived assets. Fiscal year The Company’s fiscal year ends on the Saturday nearest to January 31 st . Fiscal 2023 and Fiscal 2022 refer to the 52 week periods ending January 28, 2023 and ended January 29, 2022, respectively. Within these condensed consolidated financial statements, the first quarter of the relevant fiscal years 2023 and 2022 refer to the 13 weeks ended April 30, 2022 and May 1, 2021, respectively. Foreign currency translation The financial position and operating results of certain foreign operations, including certain subsidiaries operating in the UK as part of the International segment and Canada as part of the North America segment, are consolidated using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange on the balance sheet date, and revenues and expenses are translated at the monthly average rates of exchange during the period. Resulting translation gains or losses are included in the accompanying condensed consolidated statements of shareholders’ equity as a component of accumulated other comprehensive income (loss) (“AOCI”). Gains or losses resulting from foreign currency transactions are included in other operating income, net within the condensed consolidated statements of operations. See Note 9 for additional information regarding the Company’s foreign currency translation.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements	New accounting pronouncements The following section provides a description of new accounting pronouncements ("Accounting Standard Update" or "ASU") issued by the Financial Accounting Standards Board ("FASB") that are applicable to the Company. New accounting pronouncements recently adopted There were no new accounting pronouncements adopted during Fiscal 2023 that have a material impact on the Company’s financial position or results of operations. New accounting pronouncements issued but not yet adopted There are no new accounting pronouncements issued that are expected to have a material impact to the Company in future periods.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Apr. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue recognition The following table provides the Company’s total sales, disaggregated by banner, for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by banner: Kay $ 667.3 $ — $ — $ 667.3 $ 676.8 $ — $ — $ 676.8 Zales 347.7 — — 347.7 370.8 — — 370.8 Jared 314.1 — — 314.1 284.1 — — 284.1 Banter by Piercing Pagoda 119.0 — — 119.0 148.8 — — 148.8 Diamonds Direct 106.3 — — 106.3 — — — — James Allen 93.3 — — 93.3 101.5 — — 101.5 Peoples 45.4 — — 45.4 34.6 — — 34.6 International segment banners — 110.0 — 110.0 — 57.4 — 57.4 Other (1) 11.9 — 23.3 35.2 1.4 — 13.4 14.8 Total sales $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 $ 1,618.0 $ 57.4 $ 13.4 $ 1,688.8 (1) Other includes primarily sales from Signet’s diamond sourcing initiative and Rocksbox. The following table provides the Company’s total sales, disaggregated by major product, for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by product: Bridal $ 787.3 $ 50.1 $ — $ 837.4 $ 726.7 $ 28.8 $ — $ 755.5 Fashion 658.2 17.7 — 675.9 661.4 9.7 — 671.1 Watches 51.5 35.2 — 86.7 46.9 17.2 — 64.1 Services (1) 166.0 7.0 — 173.0 145.9 1.7 — 147.6 Other (2) 42.0 — 23.3 65.3 37.1 — 13.4 50.5 Total sales $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 $ 1,618.0 $ 57.4 $ 13.4 $ 1,688.8 (1) Services primarily includes sales from service plans, repairs and subscriptions. (2) Other primarily includes sales from Signet’s diamond sourcing initiative and other miscellaneous non-jewelry sales. The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by channel: Store $ 1,396.5 $ 89.9 $ — $ 1,486.4 $ 1,299.6 $ 29.5 $ — $ 1,329.1 E-commerce 300.4 20.1 — 320.5 318.4 27.9 — 346.3 Other (1) 8.1 — 23.3 31.4 — — 13.4 13.4 Total sales $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 $ 1,618.0 $ 57.4 $ 13.4 $ 1,688.8 (1) Other primarily includes sales from Signet’s diamond sourcing initiative. Extended service plans (“ESP”) The Company recognizes revenue related to ESP sales in proportion to when the expected costs will be incurred. The deferral periods for ESP sales are determined from patterns of claims costs, including estimates of future claims costs expected to be incurred. Management reviews the trends in claims to assess whether changes are required to the revenue and cost recognition rates utilized. A significant change in estimates related to the time period or pattern in which warranty-related costs are expected to be incurred could materially impact revenues. All direct costs associated with the sale of these plans are deferred and amortized in proportion to the revenue recognized and disclosed as either other current assets or other assets in the condensed consolidated balance sheets. These direct costs primarily include sales commissions and credit card fees. Deferred selling costs Unamortized deferred selling costs as of April 30, 2022, January 29, 2022 and May 1, 2021 were as follows: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Other current assets $ 27.9 $ 28.4 $ 26.4 Other assets 87.3 87.8 86.1 Total deferred selling costs $ 115.2 $ 116.2 $ 112.5 Amortization of deferred ESP selling costs is included within selling, general and administrative expenses in the condensed consolidated statements of operations. Amortization of deferred ESP selling costs w as $10.8 million d uring the 13 weeks ended April 30, 2022 and $9.9 million during the 13 weeks ended May 1, 2021. Deferred revenue Deferred revenue as of April 30, 2022, January 29, 2022 and May 1, 2021 was as follows: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 ESP deferred revenue $ 1,125.9 $ 1,116.5 $ 1,049.4 Other deferred revenue (1) 78.1 82.4 58.3 Total deferred revenue $ 1,204.0 $ 1,198.9 $ 1,107.7 Disclosed as: Current liabilities $ 336.9 $ 341.3 $ 310.0 Non-current liabilities 867.1 857.6 797.7 Total deferred revenue $ 1,204.0 $ 1,198.9 $ 1,107.7 (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) April 30, 2022 May 1, 2021 ESP deferred revenue, beginning of period $ 1,116.5 $ 1,028.9 Plans sold (1) 123.8 124.1 Revenue recognized (2) (114.4) (103.6) ESP deferred revenue, end of period $ 1,125.9 $ 1,049.4 (1) Includes impact of foreign exchange translation. (2) The Company recognized sale s o f $79.2 million and $72.6 million during the 13 weeks ended April 30, 2022 and May 1, 2021, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

Acquisitions

Acquisitions	3 Months Ended
	Apr. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Rocksbox On March 29, 2021, the Company acquired all of the outstanding shares of Rocksbox Inc. (“Rocksbox”), a jewelry rental subscription business, for cash consideration of $14.6 million, net of cash acquired. The acquisition was driven by Signet's "Inspiring Brilliance" strategy and its initiatives to accelerate growth in its services offerings. Net assets acquired primarily consist of goodwill and intangible assets (see Note 15 for details). The results of Rocksbox subsequent to the acquisition date are reported as a component of the North America segment. Pro forma results of operations have not been presented, as the impact on the Company’s consolidated financial results was not material. Diamonds Direct On November 17, 2021, the Company acquired all of the outstanding shares of Diamonds Direct USA Inc., a Delaware corporation (“Diamonds Direct”) for cash consideration of $503.1 million, net of cash acquired of $14.2 million and including the final additional payment of $1.9 million made in the first quarter of Fiscal 2023. Diamonds Direct is an off-mall, destination jeweler in the US, with a highly productive, efficient operating model with demonstrated growth and profitability which is expected to immediately contribute to Signet’s “Inspiring Brilliance” strategy to accelerate growth and expand the Company’s market in accessible luxury and bridal. Diamonds Direct’s strong value proposition, extensive bridal offering and customer-centric, high-touch shopping experience is a destination for younger, luxury-oriented bridal shoppers. The information included herein has been prepared based on the allocation of the purchase price using estimates of the fair value and useful lives of assets acquired and liabilities assumed which were determined by management using a combination of income and cost approaches, including the relief from royalty method and comparable market prices. The purchase price allocation is subject to further adjustment until all pertinent information regarding the assets and liabilities acquired are fully evaluated by the Company. The following table presents the estimated fair value of the assets acquired and liabilities assumed from Diamonds Direct at the date of acquisition: (in millions) Inventories $ 229.1 Property, plant and equipment 32.3 Right-of-use assets 56.9 Intangible assets 126.0 Other assets 6.7 Identifiable assets acquired 451.0 Accounts payable 46.8 Deferred revenue 26.1 Operating lease liabilities 57.6 Deferred taxes 33.6 Other liabilities 27.6 Liabilities assumed 191.7 Identifiable net assets acquired 259.3 Goodwill 243.8 Net assets acquired $ 503.1 The Company recorded acquired intangible assets of $126.0 million, consisting entirely of an indefinite-lived trade name. Goodwill is calculated as the excess of the purchase price over the estimated fair values of the assets acquired and the liabilities assumed in the acquisition, and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The amount allocated to goodwill associated with the Diamonds Direct acquisition is primarily the result of expected synergies resulting from combining the activities such as marketing and digital effectiveness, expansion of connected commence capabilities, and sourcing savings. The Company allocated goodwill to its North America reportable segment. None of the goodwill associated with this transaction is deductible for income tax purposes. The results of Diamonds Direct subsequent to the acquisition date are reported as a component of the North America reportable segment. Pro forma results of operations have not been presented, as the impact on the Company’s consolidated financial results was not material.

Segment Information

Segment Information	3 Months Ended
	Apr. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment information Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker 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 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, James Allen, Banter by Piercing Pagoda, which primarily operates through mall-based kiosks, and Rocksbox. Its Canadian stores operate as Peoples Jewellers. The International reportable segment operates stores in the UK, Republic of Ireland and Channel Islands. Its stores operate in shopping 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 ended (in millions) April 30, 2022 May 1, 2021 Sales: North America segment $ 1,705.0 $ 1,618.0 International segment 110.0 57.4 Other segment 23.3 13.4 Total sales $ 1,838.3 $ 1,688.8 Operating income (loss): North America segment (1) $ 24.8 $ 212.0 International segment (6.4) (19.7) Other segment 3.0 (0.9) Corporate and unallocated expenses (21.2) (22.7) Total operating income 0.2 168.7 Interest expense, net (4.4) (3.9) Other non-operating income (expense) (134.5) 0.1 Income (loss) before income taxes $ (138.7) $ 164.9 (1) Operating income during the 13 weeks ended April 30, 2022 includes $4.4 million of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct acquisition and $190.0 million related to pre-tax litigation charges. See Note 21 for additional information. Operating income during the 13 weeks ended May 1, 2021 includes $1.1 million of acquisition-related expenses in connection with the Rocksbox acquisition; a $0.7 million credit to restructuring expense, primarily related adjustments previously recognize restructuring liabilities; and $1.5 million of net asset impairments.

Redeemable Preferred Shares

Redeemable Preferred Shares	3 Months Ended
	Apr. 30, 2022
Temporary Equity [Abstract]
Redeemable Preferred Shares	Redeemable preferred shares On October 5, 2016, the Company issued 625,000 shares of Series A Redeemable Convertible Preference Shares (“Preferred Shares”) to certain affiliates of Leonard Green & Partners, L.P., for an aggregate purchase price of $625.0 million, or $1,000 per share (the “Stated Value”) pursuant to the investment agreement dated August 24, 2016. Preferred shareholders are entitled to a cumulative dividend at the rate of 5% per annum, payable quarterly in arrears either in cash or by increasing the stated value of the Preferred Shares. The Company has declared all Preferred Share dividends in Fiscal 2022 and Fiscal 2023 payable in cash. Refer to Note 7 for additional discussion of the Company’s dividends on Preferred Shares. (in millions, except conversion rate and conversion price) April 30, 2022 January 29, 2022 May 1, 2021 Conversion rate 12.2297 12.2297 12.2297 Conversion price $ 81.7682 $ 81.7682 $ 81.7682 Potential impact of preferred shares if-converted to common shares 8.0 8.0 8.0 Liquidation preference (1) $ 665.0 $ 665.1 $ 665.0 (1) Includes the stated value of the Preferred Shares plus any declared but unpaid dividends In connection with the issuance of the Preferred Shares, the Company incurred direct and incremental expenses of $13.7 million. These direct and incremental expenses originally reduced the Preferred Shares carrying value and will be accreted through retained earnings as a deemed dividend from the date of issuance through the first possible known redemption date in November 2024. Accumulated accretion recorded in the condensed consolidated balance sheets was $9.4 million as of April 30, 2022 (January 29, 2022 and May 1, 2021: $9.0 million and $7.7 million, respectively). Accretion of $0.4 million was recorded to Preferred Shares in the condensed consolidated balance sheets during the 13 weeks ended April 30, 2022 ($0.4 million for the 13 weeks ended May 1, 2021).

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ equity Dividends on Common Shares As a result of COVID-19, Signet’s Board of Directors (the “Board”) elected to temporarily suspend the dividend program on common shares, effective in the first quarter of Fiscal 2021. The Board elected to reinstate the dividend program on common shares beginning in second quarter of Fiscal 2022. Dividends declared on the common shares during the 13 weeks ended April 30, 2022 and May 1, 2021 were as follows: Fiscal 2023 Fiscal 2022 (in millions, except per share amounts) Dividends Total dividends Dividends Total dividends First quarter (1) $ 0.20 $ 9.3 $ — $ — (1) Signet’s dividend policy results in the common share dividend payment date being a quarter in arrears from the declaration date. As a result, as of April 30, 2022, $9.3 million was recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheet reflecting the cash dividends on common shares declared for the first quarter of Fiscal 2023. There were no dividends declared or accrued as of May 1, 2021. Dividends on Preferred Shares Dividends declared on the Preferred Shares during the 13 weeks ended April 30, 2022 and May 1, 2021 were as follows: Fiscal 2023 Fiscal 2022 (in millions, except per share amounts) Dividends Total dividends Dividends Total dividends First quarter (1) $ 13.14 $ 8.2 $ 13.14 $ 8.2 (1) Signet’s dividend policy results in the preferred share dividend payment date being a quarter in arrears from the declaration date. As a result, as of April 30, 2022 and May 1, 2021, $8.2 million and $8.2 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the dividends on the Preferred Shares declared for the first quarter of Fiscal 2023 and Fiscal 2022, respectively. There were no cumulative undeclared dividends on the Preferred Shares that reduced net income (loss) attributable to common shareholders during the 13 weeks ended April 30, 2022 or May 1, 2021. See Note 6 for additional discussion of the Company’s Preferred Shares. Share repurchases On August 23, 2021, the Board authorized a reinstatement of repurchases under the 2017 Share Repurchase Program (the “2017 Program”). During Fiscal 2022, the Board also authorized an increase in the remaining amount of shares authorized for repurchase under the 2017 Program by $559.4 million, bringing the total authorization to $1.2 billion as of January 29, 2022. The 2017 Program had $145.0 million of shares authorized for repurchase remaining as of April 30, 2022. In June 2022, the Board authorized an additional increase of the 2017 Program by $500 million, bringing the total authorization to $1.7 billion. On January 21, 2022, the Company entered into an accelerated share repurchase agreement (“ASR”) with a large financial institution to repurchase the Company’s common shares for an aggregate amount of $250 million. On January 24, 2022, the Company made a prepayment of $250 million and took delivery of 2.5 million shares based on a price of $80 per share, which is 80% of the total prepayment amount. On March 14, 2022, the Company received an additional 0.8 million shares, representing the remaining 20% of the total prepayment and final settlement of the ASR. The number of shares received at final settlement was based on the average of the daily volume-weighted average prices of the Company’s common stock during the term of the ASR. The ASR was accounted for as a purchase of common shares and a forward purchase contract. The share repurchase activity during the 13 weeks ended April 30, 2022 and May 1, 2021 were as follows: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions, except per share amounts Amount authorized Shares repurchased Amount repurchased (1)(2) Average repurchase price per share (2) Shares repurchased Amount repurchased Average repurchase price per share 2017 Program $ 1,159.4 4.3 $ 318.2 $ 73.42 — $ — N/A (1) The amount repurchased in Fiscal 2023 includes $50 million related to the forward purchase contract in the ASR. (2) Includes amounts paid for commissions.

Earnings (Loss) Per Common Shar

Earnings (Loss) Per Common Share (“EPS”)	3 Months Ended
	Apr. 30, 2022
Earnings Per Share [Abstract]
Earnings (Loss) Per Common Share (“EPS”)	Earnings (loss) per common share ( “ EPS ” ) Basic EPS is computed by dividing net income (loss) attributable to common shareholders by the weighted average number of common shares outstanding for the period. The computation of basic EPS is outlined in the table below: 13 weeks ended (in millions, except per share amounts) April 30, 2022 May 1, 2021 Numerator: Net income (loss) attributable to common shareholders $ (92.1) $ 129.8 Denominator: Weighted average common shares outstanding 48.8 52.1 EPS – basic $ (1.89) $ 2.49 The dilutive effect of share awards represents the potential impact of outstanding awards issued under the Company’s share-based compensation plans, including restricted shares, restricted stock units, performance-based restricted stock units and stock options issued under the Omnibus Plan and stock options issued under the Share Saving Plans. The dilutive effect of performance share units represents the number of contingently issuable shares that would be issuable if the end of the period was the end of the contingency period, and is based on the actual achievement of performance metrics through the end of the current interim period. The dilutive effect of preferred shares represents the potential impact for common shares that would be issued upon conversion. Potential common share dilution related to share awards and preferred shares is determined using the treasury stock and if-converted methods, respectively. Under the if-converted method, the preferred shares are assumed to be converted at the beginning of the period, and the resulting common shares are included in the denominator of the diluted EPS calculation for the entire period being presented, only in the periods in which such effect is dilutive. Additionally, in periods in which preferred shares are dilutive, cumulative dividends and accretion for issuance costs associated with the preferred shares are added back to net income (loss) attributable to common shareholders. See Note 6 for additional discussion of the Company’s preferred shares. The computation of diluted EPS is outlined in the table below: 13 weeks ended (in millions, except per share amounts) April 30, 2022 May 1, 2021 Numerator: Net income (loss) attributable to common shareholders $ (92.1) $ 129.8 Add: Dividends on Preferred Shares — 8.6 Numerator for diluted EPS $ (92.1) $ 138.4 Denominator: Basic weighted average common shares outstanding 48.8 52.1 Plus: Dilutive effect of share awards — 1.9 Plus: Dilutive effect of preferred shares — 8.0 Diluted weighted average common shares outstanding 48.8 62.0 EPS – diluted $ (1.89) $ 2.23 The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be anti-dilutive: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Share awards 2.4 — Potential impact of preferred shares 8.0 — Total anti-dilutive shares 10.4 —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (loss) The following tables present the changes in AOCI by component and the reclassifications out of AOCI, net of tax: Pension plan (in millions) Foreign Gains (losses) on available-for-sale securities, net Gains (losses) Actuarial Prior Accumulated Balance at January 29, 2022 $ (244.3) $ 0.2 $ 0.4 $ (103.3) $ (3.9) $ (350.9) Other comprehensive income (loss) (“OCI”) before reclassifications (16.8) (0.3) 1.0 (0.4) — (16.5) Amounts reclassified from AOCI to earnings — — — 104.1 3.6 107.7 Net current period OCI (16.8) (0.3) 1.0 103.7 3.6 91.2 Balance at April 30, 2022 $ (261.1) $ (0.1) $ 1.4 $ 0.4 $ (0.3) $ (259.7) The amounts reclassified from AOCI to earnings were as follows: Amounts reclassified from AOCI 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Statement of operations caption Losses on cash flow hedges: Foreign currency contracts $ — $ 0.1 Cost of sales (see Note 16) Commodity contracts — 0.1 Cost of sales (see Note 16) Total before income tax — 0.2 Income taxes — — Net of tax — 0.2 Defined benefit pension plan items: Amortization of unrecognized actuarial losses 0.9 0.2 Other non-operating income (expense) Amortization of unrecognized net prior service costs 0.1 — Other non-operating income (expense) Pension settlement loss 131.9 — Other non-operating income (expense) Total before income tax 132.9 0.2 Income taxes (25.2) — Net of tax 107.7 0.2 Total reclassifications, net of tax $ 107.7 $ 0.4

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income taxes 13 weeks ended April 30, 2022 May 1, 2021 Estimated annual effective tax rate before discrete items 20.6 % 18.6 % Discrete items recognized 19.2 % (2.5) % Effective tax rate recognized in statements of operations 39.8 % 16.1 % During the 13 weeks ended April 30, 2022, the Company’s effective tax rate was higher than the US federal income tax rate, primarily as a result of the discrete tax benefits related to litigation charges of $47.7 million, the reclassification of the pension settlement loss out of AOCI of $25.0 million and the excess tax benefit for share-based compensation which vested during the year of $13.0 million. The Company’s effective tax rate for the same period during the prior year was lower than the US federal income tax rate primarily due to the favorable impact of foreign rate differences and benefits from global reinsurance arrangements. As of April 30, 2022, there has been no material change in the amounts of unrecognized tax benefits, or the related accrued interest and penalties (where appropriate), in respect of uncertain tax positions identified and recorded as of January 29, 2022.

Credit Transactions

Credit Transactions	3 Months Ended
	Apr. 30, 2022
Receivables [Abstract]
Credit Transactions	Credit transactions Credit card outsourcing programs The Company has entered into various agreements with Comenity Bank (“Comenity”) and Genesis Financial Solutions (“Genesis”) through its subsidiaries Sterling Jewelers Inc. (“Sterling”) and Zale Delaware, Inc. (“Zale”), to outsource its private label credit card programs. Under the original agreements, Comenity provided credit services to all prime credit customers for the Sterling banners, and to all credit card customers for the Zale banners. In May 2021, both the Sterling and Zale agreements with Comenity and Genesis were amended and restated to provide credit services to prime and non-prime customers. The non-prime portion of the Sterling credit card portfolio was previously outsourced to CarVal Investors (“CarVal”), Castlelake, L.P. (“Castlelake”) and Genesis (collectively with CarVal and Castlelake, the “Investors”). Under agreements with the Investors, Signet remained the issuer of non-prime credit with investment funds managed by the Investors purchasing forward receivables at a discount rate determined in accordance with their respective agreements. Prior to March 2022 as described below, Signet held the newly issued non-prime credit receivables on its balance sheet for two business days prior to selling the receivables to the respective counterparty in accordance with the agreements. In March 2021, the Company provided notice to the Investors of its intent not to extend the respective agreements with such Investors beyond the expiration date of June 30, 2021. Effective July 1, 2021, all new prime and non-prime account origination will occur in accordance with the Comenity and Genesis agreements described above. Fiscal 2023 amended and restated agreements In March 2022, the Company entered into amended and restated receivable purchase agreements with the Investors regarding the purchase of add-on receivables on such Investors’ existing accounts. Under the amended and restated agreements, The Bank of Missouri will be the issuer for the add-on receivables on these existing accounts and the Investors will purchase the receivables from The Bank of Missouri. In conjunction with the above agreements in March 2022, the Company entered into agreements with the Investors to transfer all existing cardholder accounts previously originated by Signet to The Bank of Missouri. Therefore, the Company will no longer originate any credit receivables with customers. The following table presents the components of Signet’s accounts receivable: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Customer in-house finance receivables, net $ — $ — $ 61.5 Accounts receivable, trade 17.1 18.3 9.5 Accounts receivable, held for sale — 1.6 7.9 Accounts receivable, net $ 17.1 $ 19.9 $ 78.9 During Fiscal 2021, the various agreements with the Investors discussed in Note 11 pertaining to the purchase of non-prime forward flow receivables were terminated and new agreements were executed which were effective until June 30, 2021. Those new agreements provided that the Investors continued to purchase add-on non-prime receivables created on existing customer accounts but Signet retained all forward flow non-prime receivables created for new customers beginning in the second quarter of Fiscal 2021. Upon expiration of the amended agreements in June 2021, Signet sold all existing customer in-house finance receivables to CarVal and Castlelake during the second quarter of Fiscal 2022. As a result of the amended and restated agreements entered into with Comenity, Genesis, and the Investors during the second quarter of Fiscal 2022, Signet no longer retains any customer in-house finance receivables. As described in Note 11, Signet is no longer the issuer of non-prime credit for add-on purchases on existing accounts. Therefore, the Company no longer holds these non-prime credit receivables. Prior to the March 2022 amendments, receivables originated by the Company but pending transfer to the Investors as of period end were classified as “held for sale” and included in accounts receivable in the condensed consolidated balance sheets. As of January 29, 2022 and May 1, 2021, the accounts receivable held for sale were recorded at fair value. Accounts receivable, trade primarily includes amounts receivable relating to accounts receivable from the Company’s diamond sourcing initiative in the Other reportable segment. Customer in-house finance receivables As discussed above, the Company began retaining certain customer in-house finance receivables beginning in the second quarter of Fiscal 2021 through the date of the portfolio sale in June 2021. The allowance for credit losses related to these receivables was an estimate of expected credit losses, measured over the estimated life of its credit card receivables that considers forecasts of future economic conditions in addition to information about past events and current conditions. To estimate its allowance for credit losses, the Company segregated its credit card receivables into credit quality categories using the customers’ FICO scores. The following three industry standard FICO score categories were used: • 620 to 659 (“Near Prime”) • 580 to 619 (“Subprime”) • Less than 580 (“Deep Subprime”) The vintage year was Fiscal 2021 for all customer in-house finance receivables presented below. The following table disaggregates the Company’s customer in-house finance receivables by credit quality: (in millions) May 1, 2021 Near Prime $ 46.0 Subprime 26.2 Deep Subprime 10.7 Total at amortized cost $ 82.9 The following table is a rollforward of the Company’s allowance for credit losses on customer in-house finance receivables: 13 weeks ended (in millions) May 1, 2021 Beginning balance $ 25.5 Provision for credit losses (1.2) Write-offs (2.9) Ending balance $ 21.4 Additions to the allowance for credit losses were made by recording charges to bad debt expense (credit losses) within selling, general and administrative expenses within the condensed consolidated statements of operations. The following table disaggregates the Company’s customer in-house finance receivables by past due status: (in millions) May 1, 2021 Current $ 69.2 1 - 30 days past due 5.4 31 - 60 days past due 1.9 61 - 90 days past due 1.9 Greater than 90 days past due 4.5 Total at amortized cost $ 82.9 Interest income related to the Company’s customer in-house finance receivables is included within other operating income (expense) in the condensed consolidated statements of operations. Accrued interest was included within the same line item as the respective principal amount of the customer in-house finance receivables in the condensed consolidated balance sheets. The accrual of interest was discontinued at the time the receivable is determined to be uncollectible and written-off. The Company recognized $4.0 million of interest income on its customer in-house finance receivables during the 13 weeks ended May 1, 2021. Interest income recognition ceased at the date of the sale of the portfolio as noted above.

Accounts Receivable, Net

Accounts Receivable, Net	3 Months Ended
	Apr. 30, 2022
Receivables [Abstract]
Accounts Receivable, Net	Credit transactions Credit card outsourcing programs The Company has entered into various agreements with Comenity Bank (“Comenity”) and Genesis Financial Solutions (“Genesis”) through its subsidiaries Sterling Jewelers Inc. (“Sterling”) and Zale Delaware, Inc. (“Zale”), to outsource its private label credit card programs. Under the original agreements, Comenity provided credit services to all prime credit customers for the Sterling banners, and to all credit card customers for the Zale banners. In May 2021, both the Sterling and Zale agreements with Comenity and Genesis were amended and restated to provide credit services to prime and non-prime customers. The non-prime portion of the Sterling credit card portfolio was previously outsourced to CarVal Investors (“CarVal”), Castlelake, L.P. (“Castlelake”) and Genesis (collectively with CarVal and Castlelake, the “Investors”). Under agreements with the Investors, Signet remained the issuer of non-prime credit with investment funds managed by the Investors purchasing forward receivables at a discount rate determined in accordance with their respective agreements. Prior to March 2022 as described below, Signet held the newly issued non-prime credit receivables on its balance sheet for two business days prior to selling the receivables to the respective counterparty in accordance with the agreements. In March 2021, the Company provided notice to the Investors of its intent not to extend the respective agreements with such Investors beyond the expiration date of June 30, 2021. Effective July 1, 2021, all new prime and non-prime account origination will occur in accordance with the Comenity and Genesis agreements described above. Fiscal 2023 amended and restated agreements In March 2022, the Company entered into amended and restated receivable purchase agreements with the Investors regarding the purchase of add-on receivables on such Investors’ existing accounts. Under the amended and restated agreements, The Bank of Missouri will be the issuer for the add-on receivables on these existing accounts and the Investors will purchase the receivables from The Bank of Missouri. In conjunction with the above agreements in March 2022, the Company entered into agreements with the Investors to transfer all existing cardholder accounts previously originated by Signet to The Bank of Missouri. Therefore, the Company will no longer originate any credit receivables with customers. The following table presents the components of Signet’s accounts receivable: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Customer in-house finance receivables, net $ — $ — $ 61.5 Accounts receivable, trade 17.1 18.3 9.5 Accounts receivable, held for sale — 1.6 7.9 Accounts receivable, net $ 17.1 $ 19.9 $ 78.9 During Fiscal 2021, the various agreements with the Investors discussed in Note 11 pertaining to the purchase of non-prime forward flow receivables were terminated and new agreements were executed which were effective until June 30, 2021. Those new agreements provided that the Investors continued to purchase add-on non-prime receivables created on existing customer accounts but Signet retained all forward flow non-prime receivables created for new customers beginning in the second quarter of Fiscal 2021. Upon expiration of the amended agreements in June 2021, Signet sold all existing customer in-house finance receivables to CarVal and Castlelake during the second quarter of Fiscal 2022. As a result of the amended and restated agreements entered into with Comenity, Genesis, and the Investors during the second quarter of Fiscal 2022, Signet no longer retains any customer in-house finance receivables. As described in Note 11, Signet is no longer the issuer of non-prime credit for add-on purchases on existing accounts. Therefore, the Company no longer holds these non-prime credit receivables. Prior to the March 2022 amendments, receivables originated by the Company but pending transfer to the Investors as of period end were classified as “held for sale” and included in accounts receivable in the condensed consolidated balance sheets. As of January 29, 2022 and May 1, 2021, the accounts receivable held for sale were recorded at fair value. Accounts receivable, trade primarily includes amounts receivable relating to accounts receivable from the Company’s diamond sourcing initiative in the Other reportable segment. Customer in-house finance receivables As discussed above, the Company began retaining certain customer in-house finance receivables beginning in the second quarter of Fiscal 2021 through the date of the portfolio sale in June 2021. The allowance for credit losses related to these receivables was an estimate of expected credit losses, measured over the estimated life of its credit card receivables that considers forecasts of future economic conditions in addition to information about past events and current conditions. To estimate its allowance for credit losses, the Company segregated its credit card receivables into credit quality categories using the customers’ FICO scores. The following three industry standard FICO score categories were used: • 620 to 659 (“Near Prime”) • 580 to 619 (“Subprime”) • Less than 580 (“Deep Subprime”) The vintage year was Fiscal 2021 for all customer in-house finance receivables presented below. The following table disaggregates the Company’s customer in-house finance receivables by credit quality: (in millions) May 1, 2021 Near Prime $ 46.0 Subprime 26.2 Deep Subprime 10.7 Total at amortized cost $ 82.9 The following table is a rollforward of the Company’s allowance for credit losses on customer in-house finance receivables: 13 weeks ended (in millions) May 1, 2021 Beginning balance $ 25.5 Provision for credit losses (1.2) Write-offs (2.9) Ending balance $ 21.4 Additions to the allowance for credit losses were made by recording charges to bad debt expense (credit losses) within selling, general and administrative expenses within the condensed consolidated statements of operations. The following table disaggregates the Company’s customer in-house finance receivables by past due status: (in millions) May 1, 2021 Current $ 69.2 1 - 30 days past due 5.4 31 - 60 days past due 1.9 61 - 90 days past due 1.9 Greater than 90 days past due 4.5 Total at amortized cost $ 82.9 Interest income related to the Company’s customer in-house finance receivables is included within other operating income (expense) in the condensed consolidated statements of operations. Accrued interest was included within the same line item as the respective principal amount of the customer in-house finance receivables in the condensed consolidated balance sheets. The accrual of interest was discontinued at the time the receivable is determined to be uncollectible and written-off. The Company recognized $4.0 million of interest income on its customer in-house finance receivables during the 13 weeks ended May 1, 2021. Interest income recognition ceased at the date of the sale of the portfolio as noted above.

Inventories

Inventories	3 Months Ended
	Apr. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories The following table summarizes the details of the Company’s inventory: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Raw materials $ 107.2 $ 75.8 $ 72.9 Merchandise inventories 2,109.0 1,984.6 1,946.1 Total inventories $ 2,216.2 $ 2,060.4 $ 2,019.0

Leases

Leases	3 Months Ended
	Apr. 30, 2022
Leases [Abstract]
Leases	Leases The Company deferred substantially all of its rent payments due in the months of April 2020 and May 2020. As of April 30, 2022, the Company had approximately $12 million of deferred rent payments remaining primarily in the UK. This remaining deferred rent is expected to be substantially repaid by the end of Fiscal 2023. The Company has not recorded any provision for interest or penalties which may arise as a result of these deferrals, as management does not believe payment for any such interest or penalties to be probable. In April 2020, the FASB granted guidance (hereinafter, the practical expedient) permitting an entity to choose to forgo the evaluation of the enforceable rights and obligations of the original lease contract, specifically in situations where rent concessions have been agreed to with landlords as a result of COVID-19. Instead, the entity may account for COVID-19 related rent concessions, whatever their form (e.g. rent deferral, abatement or other) either: a) as if they were part of the enforceable rights and obligations of the parties under the existing lease contract; or b) as lease modifications. In accordance with this practical expedient, the Company elected not to account for any concessions granted by landlords as a result of COVID-19 as lease modifications. Rent abatements under the practical expedient would be recorded as a negative variable lease cost. The Company negotiated with substantially all of its landlords and has received certain concessions in the form of rent deferrals and other lease or rent modifications. In addition, the Company recorded lease expense during the deferral periods in accordance with its existing policies. Total lease costs consist of the following: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Operating lease cost $ 97.4 $ 105.6 Short-term lease cost 12.7 0.8 Variable lease cost 29.4 30.6 Sublease income (0.6) (0.7) Total lease cost $ 138.9 $ 136.3

Goodwill and Intangibles

Goodwill and Intangibles	3 Months Ended
	Apr. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Goodwill and intangibles Goodwill and other indefinite-lived intangible assets, such as indefinite-lived trade names, are evaluated for impairment annually. Additionally, if events or conditions indicate the carrying value of a reporting unit or an indefinite-lived intangible asset may be greater than its fair value, the Company would evaluate the asset for impairment at that time. Impairment testing compares the carrying amount of the reporting unit or other intangible assets with its fair value. When the carrying amount of the reporting unit or other intangible assets exceeds its fair value, an impairment charge is recorded. Fiscal 2022 During the 13 weeks ended May 1, 2021, the Company did not identify any events or conditions that would indicate that it was more likely than not that the carrying values of the reporting units and indefinite-lived trade names exceed their fair values. In connection with the acquisition of Rocksbox on March 29, 2021, the Company recognized $11.6 million of definite-lived intangible assets and $4.6 million of goodwill, which are reported in the North America reportable segment. The weighted-average amortization period of the definite-lived intangibles assets acquired is eight years. In connection with the acquisition of Diamonds Direct on November 17, 2021, the Company recognized $126.0 million of indefinite-lived intangible assets related to the Diamonds Direct trade name and $243.8 million of goodwill, which are reported in the North America reportable segment. Refer to Note 4 for additional information. Fiscal 2023 During the 13 weeks ended April 30, 2022, the Company did not identify any events or conditions that would indicate that it was more likely than not that the carrying values of the reporting units and indefinite-lived trade names exceed their fair values. Goodwill The following table summarizes the Company’s goodwill by reportable segment: (in millions) North America Balance at January 29, 2022 (1) $ 484.6 Acquisitions (2) 1.8 Balance at April 30, 2022 (1) $ 486.4 (1) The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of April 30, 2022 and January 29, 2022. (2) The change in goodwill during the period primarily represents an increase related to the finalization of the purchase price consideration of Diamonds Direct. Refer to Note 4 for additional information. Intangibles Definite-lived intangible assets include trade names, technology and customer relationship assets. Indefinite-lived intangible assets consist of trade names. Both definite and indefinite-lived assets are recorded within intangible assets, net, on the condensed consolidated balance sheets. Intangible liabilities, net, consists of unfavorable contracts and is recorded within accrued expenses and other current liabilities and other liabilities on the condensed consolidated balance sheets. The following table provides additional detail regarding the composition of intangible assets and liabilities: April 30, 2022 January 29, 2022 May 1, 2021 (in millions) Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Intangible assets, net: Definite-lived intangible assets $ 15.8 $ (5.9) $ 9.9 $ 15.8 $ (5.3) $ 10.5 $ 17.1 $ (4.6) $ 12.5 Indefinite-lived intangible assets (1) 303.6 — 303.6 303.7 — 303.7 178.1 — 178.1 Total intangible assets, net $ 319.4 $ (5.9) $ 313.5 $ 319.5 $ (5.3) $ 314.2 $ 195.2 $ (4.6) $ 190.6 Intangible liabilities, net $ (38.0) $ 31.3 $ (6.7) $ (38.0) $ 30.8 $ (7.2) $ (38.0) $ 29.0 $ (9.0) (1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Diamonds Direct trade name of $126.0 million and the impact of foreign currency translation.

Derivatives

Derivatives	3 Months Ended
	Apr. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Derivative transactions are used by Signet for risk management purposes to address risks inherent in Signet’s business operations and sources of financing. The main risks arising from Signet’s operations are market risk including foreign currency risk, commodity risk, liquidity risk and interest rate risk. Signet uses derivative financial instruments to manage and mitigate certain of these risks under policies reviewed and approved by the Board. Signet does not enter into derivative transactions for speculative purposes. Market risk Signet generates revenues and incurs expenses in US dollars, Canadian dollars and British pounds. As a portion of the International segment purchases and purchases made by the Canadian operations of the North America segment are denominated in US dollars, Signet enters into forward foreign currency exchange contracts and foreign currency swaps to manage this exposure to the US dollar. Signet holds a fluctuating amount of British pounds and Canadian dollars reflecting the cash generative characteristics of operations. Signet’s objective is to minimize net foreign exchange exposure to the condensed consolidated statements of operations on non-US dollar denominated items through managing cash levels, non-US dollar denominated intra-entity balances and foreign currency swaps. In order to manage the foreign exchange exposure and minimize the level of funds denominated in British pounds and Canadian dollars, dividends are paid regularly by subsidiaries to their immediate holding companies and excess British pounds and Canadian dollars are sold in exchange for US dollars. Signet’s policy is to reduce the impact of precious metal commodity price volatility on operating results through the use of outright forward purchases of, or by entering into options to purchase, precious metals within treasury guidelines approved by the Board. In particular, when price and volume warrants such actions, Signet undertakes hedging of its requirements for gold through the use of forward purchase contracts, options and net zero premium collar arrangements (a combination of forwards and option contracts). Liquidity risk Signet’s objective is to ensure that it has access to, or the ability to generate, sufficient cash from either internal or external sources in a timely and cost-effective manner to meet its commitments as they become due and payable. Signet manages liquidity risks as part of its overall risk management policy. Management produces forecasting and budgeting information that is reviewed and monitored by the Board. Cash generated from operations and external financing are the main sources of funding, which supplement Signet’s resources in meeting liquidity requirements. The primary external sources of funding are an asset-based credit facility and senior unsecured notes as described in Note 18. Interest rate risk Signet has exposure to movements in interest rates associated with cash and borrowings. Signet may enter into various interest rate protection agreements in order to limit the impact of movements in interest rates. Credit risk and concentrations of credit risk Credit risk represents the loss that would be recognized at the reporting date if counterparties failed to perform as contracted. Signet does not anticipate non-performance by counterparties of its financial instruments. Signet does not require collateral or other security to support cash investments or financial instruments with credit risk; however, it is Signet’s policy to only hold cash and cash equivalent investments and to transact financial instruments with financial institutions with a certain minimum credit rating. As of April 30, 2022, management does not believe Signet is exposed to any significant concentrations of credit risk that arise from cash and cash equivalent investments, derivatives or accounts receivable. Commodity and foreign currency risks The following types of derivative financial instruments are utilized by Signet to mitigate certain risk exposures related to changes in commodity prices and foreign exchange rates: Forward foreign currency exchange contracts (designated) — These contracts, which are principally in US dollars, are entered into to limit the impact of movements in foreign exchange rates on forecasted foreign currency purchases. The total notional amount of these foreign currency contracts outstanding as of April 30, 2022 was $18.8 million (January 29, 2022 and May 1, 2021: $11.2 million and $19.0 million, respectively). These contracts have been designated as cash flow hedges and will be settled over the next 11 months (January 29, 2022 and May 1, 2021: 10 months and 12 months, respectively). Forward foreign currency exchange contracts (undesignated) — Foreign currency contracts not designated as cash flow hedges are used to limit the impact of movements in foreign exchange rates on recognized foreign currency payables and to hedge currency flows through Signet’s bank accounts to mitigate Signet’s exposure to foreign currency exchange risk in its cash and borrowings. The total notional amount of these foreign currency contracts outstanding as of April 30, 2022 was $95.5 million (January 29, 2022 and May 1, 2021: $93.8 million and $108.8 million, respectively). Commodity forward purchase contracts and net zero premium collar arrangements (designated) — These contracts are entered into to reduce Signet’s exposure to significant movements in the price of the underlying precious metal raw materials. Trading for these contracts was suspended during Fiscal 2022 due to the commodity price environment and there were no commodity derivative contracts outstanding as of April 30, 2022, January 29, 2022, and May 1, 2021. The bank counterparties to the derivative instruments expose Signet to credit-related losses in the event of their non-performance. However, to mitigate that risk, Signet only contracts with counterparties that meet certain minimum requirements under its counterparty risk assessment process. As of April 30, 2022, Signet believes that this credit risk did not materially change the fair value of the foreign currency or commodity contracts. The following table summarizes the fair value and presentation of derivative instruments in the condensed consolidated balance sheets: Fair value of derivative assets (in millions) Balance sheet location April 30, 2022 January 29, 2022 May 1, 2021 Derivatives designated as hedging instruments: Foreign currency contracts Other current assets $ 1.2 $ 0.3 $ 0.1 Derivatives not designated as hedging instruments: Foreign currency contracts Other current assets — — 0.1 Total derivative assets $ 1.2 $ 0.3 $ 0.2 Fair value of derivative liabilities (in millions) Balance sheet location April 30, 2022 January 29, 2022 May 1, 2021 Derivatives designated as hedging instruments: Foreign currency contracts Other current liabilities $ — $ — $ (0.3) Derivatives not designated as hedging instruments: Foreign currency contracts Other current liabilities (2.8) (1.3) (0.5) Total derivative liabilities $ (2.8) $ (1.3) $ (0.8) Derivatives designated as cash flow hedges The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Foreign currency contracts $ 1.7 $ 0.5 $ (0.6) Commodity contracts — — (0.4) Gains (losses) recorded in AOCI $ 1.7 $ 0.5 $ (1.0) The following tables summarize the effect of derivative instruments designated as cash flow hedges on OCI and the condensed consolidated statements of operations: Foreign currency contracts 13 weeks ended (in millions) Statement of operations caption April 30, 2022 May 1, 2021 Gains (losses) recorded in AOCI, beginning of period $ 0.5 $ (0.7) Current period gains (losses) recognized in OCI 1.2 — Losses (gains) reclassified from AOCI to earnings Cost of sales (1) — 0.1 Gains (losses) recorded in AOCI, end of period $ 1.7 $ (0.6) Commodity contracts 13 weeks ended (in millions) Statement of operations caption April 30, 2022 May 1, 2021 Gains (losses) recorded in AOCI, beginning of period $ — $ (0.4) Current period gains (losses) recognized in OCI — (0.1) Losses (gains) reclassified from AOCI to earnings Cost of sales (1) — 0.1 Gains (losses) recorded in AOCI, end of period $ — $ (0.4) (1) Refer to the condensed consolidated statements of operations for total amounts of each financial statement caption impacted by cash flow hedges. There were no discontinued cash flow hedges during the 13 weeks ended April 30, 2022 and May 1, 2021 as all forecasted transactions are expected to occur as originally planned. As of April 30, 2022, based on current valuations, the Company expects approximately $1.4 million of net pre-tax derivative gains to be reclassified out of AOCI into earnings within the next 12 months. Derivatives not designated as hedging instruments The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the condensed consolidated statements of operations: 13 weeks ended (in millions) Statement of operations caption April 30, 2022 May 1, 2021 Foreign currency contracts Other operating income (expense) $ (4.8) $ 0.9

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Apr. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair value measurementThe estimated fair value of Signet’s financial instruments held or issued to finance Signet’s operations is summarized below. Certain estimates and judgments were required to develop the fair value amounts. The fair value amounts shown below are not necessarily indicative of the amounts that Signet would realize upon disposition nor do they indicate Signet’s intent or ability to dispose of the financial instrument. Assets and liabilities that are carried at fair value are required to be classified and disclosed in one of the following three categories: Level 1—quoted market prices in active markets for identical assets and liabilities Level 2—observable market based inputs or unobservable inputs that are corroborated by market data Level 3—unobservable inputs that are not corroborated by market data Signet determines fair value based upon quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. The methods Signet uses to determine fair value on an instrument-specific basis are detailed below: April 30, 2022 January 29, 2022 May 1, 2021 (in millions) Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Assets: US Treasury securities $ 4.4 $ 4.4 $ — $ 4.5 $ 4.5 $ — $ 5.1 $ 5.1 $ — Foreign currency contracts 1.2 — 1.2 0.3 — 0.3 0.2 — 0.2 US government agency securities 2.0 — 2.0 2.0 — 2.0 3.1 — 3.1 Corporate bonds and notes 5.2 — 5.2 5.8 — 5.8 6.2 — 6.2 Total assets $ 12.8 $ 4.4 $ 8.4 $ 12.6 $ 4.5 $ 8.1 $ 14.6 $ 5.1 $ 9.5 Liabilities: Foreign currency contracts $ (2.8) $ — $ (2.8) $ (1.3) $ — $ (1.3) $ (0.8) $ — $ (0.8) Total liabilities $ (2.8) $ — $ (2.8) $ (1.3) $ — $ (1.3) $ (0.8) $ — $ (0.8) Investments in US Treasury securities are based on quoted market prices for identical instruments in active markets, and therefore were classified as Level 1 measurements in the fair value hierarchy. Investments in US government agency securities and corporate bonds and notes are based on quoted prices for similar instruments in active markets, and therefore were classified as Level 2 measurements in the fair value hierarchy. The fair value of derivative financial instruments has been determined based on market value equivalents at the balance sheet date, taking into account the current interest rate environment, foreign currency forward rates or commodity forward rates, and therefore were classified as Level 2 measurements in the fair value hierarchy. See Note 16 for additional information related to the Company’s derivatives. The carrying amounts of cash and cash equivalents, accounts receivable, other current assets, accounts payable, accrued expenses and other current liabilities, and income taxes approximate fair value because of the short-term maturity of these amounts. The fair values of long-term debt instruments, excluding revolving credit facilities, were determined using quoted market prices in inactive markets based upon current observable market interest rates and therefore were classified as Level 2 measurements in the fair value hierarchy. The carrying value of the ABL Revolving Facility (as defined in Note 18) approximates fair value based on the nature of the instrument and variable interest rate, which are primarily Level 2 inputs. The following table provides a summary of the carrying amount and fair value of outstanding debt: April 30, 2022 January 29, 2022 May 1, 2021 (in millions) Carrying Fair Value Carrying Fair Value Carrying Fair Value Long-term debt: Senior notes (Level 2) $ 147.1 $ 147.2 $ 147.1 $ 150.0 $ 146.8 $ 150.8

Loans, Overdrafts and Long-term

Loans, Overdrafts and Long-term Debt	3 Months Ended
	Apr. 30, 2022
Debt Disclosure [Abstract]
Loans, Overdrafts and Long-term Debt	Loans, overdrafts and long-term debt (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Debt: Senior unsecured notes due 2024, net of unamortized discount $ 147.7 $ 147.7 $ 147.6 Gross debt $ 147.7 $ 147.7 $ 147.6 Less: Unamortized debt issuance costs (0.6) (0.6) (0.8) Total long-term debt $ 147.1 $ 147.1 $ 146.8 Senior unsecured notes due 2024 On May 19, 2014, Signet UK Finance plc (“Signet UK Finance”), a wholly owned subsidiary of the Company, issued $400 million aggregate principal amount of its 4.70% senior unsecured notes due in 2024 (the “Senior Notes”). The Senior Notes were issued under an effective registration statement previously filed with the SEC. The Senior Notes are jointly and severally guaranteed, on a full and unconditional basis, by the Company and by certain of the Company’s wholly owned subsidiaries. On September 5, 2019, Signet UK Finance announced the commencement of a tender offer to purchase any and all of its outstanding Senior Notes (the “Tender Offer”). Signet UK Finance tendered $239.6 million of the Senior Notes, representing a purchase price of $950.00 per $1,000.00 in principal, leaving $147.8 million of the Senior Notes outstanding after the Tender Offer. Asset-based credit facility On September 27, 2019, the Company entered into a senior secured asset-based credit facility consisting of (i) a revolving credit facility in an aggregate committed amount of $1.5 billion (as amended to the date hereto, the “ABL Revolving Facility”) and (ii) a first-in last-out term loan facility in an aggregate principal amount of $100.0 million (the “FILO Term Loan Facility” and, together with the ABL Revolving Facility, the “ABL Facility”). During the fourth quarter of Fiscal 2021, the Company fully repaid the FILO Term Loan Facility. On July 28, 2021, the Company entered into the Second Amendment to the Credit Agreement (the “Second Amendment”) to amend the ABL Facility. The Second Amendment extended the maturity of the ABL Facility from September 27, 2024 to July 28, 2026 and allows the Company to increase the size of the ABL Facility by up to $600 million. The Company had available borrowing capacity of $1.2 billion on the ABL Revolving Facility as of April 30, 2022.

Warranty Reserve

Warranty Reserve	3 Months Ended
	Apr. 30, 2022
Other Liabilities Disclosure [Abstract]
Warranty Reserve	Warranty reserve The North America segment provides a product lifetime diamond guarantee as long as six-month inspections are performed and certified by an authorized store representative. Provided the customer has complied with the six-month inspection policy, the Company will replace, at no cost to the customer, any stone that chips, breaks or is lost from its original setting during normal wear. Management estimates the warranty accrual based on the lag of actual claims experience and the costs of such claims, inclusive of labor and material. A similar product lifetime guarantee is also provided on color gemstones. The warranty reserve for diamond and gemstone guarantees, included in accrued expenses and other current liabilities and other non-current liabilities, is as follows: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Warranty reserve, beginning of period $ 36.0 $ 37.3 Warranty expense 4.7 0.7 Utilized (1) (3.0) (2.5) Warranty reserve, end of period $ 37.7 $ 35.5 (1) Includes impact of foreign exchange translation. (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Disclosed as: Current liabilities $ 10.6 $ 10.2 $ 10.2 Other liabilities - non-current 27.1 25.8 25.3 Total warranty reserve $ 37.7 $ 36.0 $ 35.5

Other operating and non-operati

Other operating and non-operating income (expense)	3 Months Ended
	Apr. 30, 2022
Other Income and Expenses [Abstract]
Other operating and non-operating income (expense)	Other operating and non-operating income (expense) The following table provides the components of other operating income (expense) for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Litigation charges (1) $ (190.0) $ — Interest income from customer in-house finance receivables (2) — 4.0 Other (0.4) (1.7) Other operating income (expense) $ (190.4) $ 2.3 (1) See Note 21 for additional information. (2) See Note 12 for additional information. The following table provides the components of other non-operating income (expense) for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Pension settlement (1) $ (131.9) $ — Other (2.6) 0.1 Other non-operating income (expense) $ (134.5) $ 0.1 (1) See Note 22 for additional information.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and contingencies Legal proceedings Employment practices In March 2008, a group of private plaintiffs (the “Claimants”) filed a class and collective action lawsuit for an unspecified amount against Sterling Jewelers, Inc. (“SJI”), a subsidiary of Signet, in the US District Court for the Southern District of New York (“SDNY”), alleging that US store-level employment practices as to compensation and promotions discriminate on the basis of gender in purported violation of Title VII of the Civil Rights Act of 1964 (“Title VII”) and the Equal Pay Act (“EPA”). In June 2008, the SDNY referred the matter to private arbitration with the American Arbitration Association (“AAA”) where the Claimants sought to proceed on a class-wide basis. On February 2, 2015, the arbitrator issued a Class Determination Award in which she certified a class (estimated to include approximately 70,000 class members at the time) for the Claimants’ disparate impact claims for declaratory and injunctive relief under Title VII. On February 29, 2016, the arbitrator granted Claimants’ Motion for Conditional Certification of Claimants’ EPA Claims and Authorization of Notice, and notice to EPA collective action members was issued on May 3, 2016. The opt-in period for the EPA collective action closed on August 1, 2016, and the number of valid opt-in EPA Claimants is believed to be approximately 9,124. SJL challenged the arbitrator’s Class Determination Award with the SDNY. Although the SDNY vacated the Class Determination Award on January 15, 2018, on appeal the US Court of Appeals for the Second Circuit (“Second Circuit”) held that the SDNY erred and remanded the case to the SDNY to decide whether the Arbitrator erred in certifying an opt-out, as opposed to a mandatory, class for declaratory and injunctive relief. On January 27, 2021 the SDNY ordered the case remanded to the AAA for further proceedings in arbitration on a class-wide basis. Subsequently, the arbitrator retired, and the parties selected a new arbitrator to oversee the proceedings moving forward. On October 8, 2021, the newly selected arbitrator issued an amended case management plan and scheduled the arbitration hearing to begin on September 5, 2022. SJI denies the allegations of the Claimants and has been defending the case vigorously. On June 8, 2022, SJI and the Claimants reached a settlement agreement, which is subject to preliminary and final approval after notice to the class. The proposed settlement provides for the dismissal of the arbitration with prejudice and includes payments totaling approximately $175 million. As a result of the proposed settlement, the Company recorded a pre-tax charge of $190 million within other operating expense in the condensed consolidated statement of operations during the first quarter ended April 30, 2022. The settlement charge includes the payments to the Claimants, estimated employer payroll taxes, class administration fees and Claimants’ counsel attorney fees and costs. If the agreement is approved, the Company expects to fund the settlement in the third quarter of Fiscal 2023. On May 4, 2017, without any findings of liability or wrongdoing, SJI entered into a Consent Decree with the Equal Employment Opportunity Commission (“EEOC”) settling a previously disclosed lawsuit that alleged that SJI engaged in intentional and disparate impact gender discrimination with respect to pay and promotions of female retail store employees since January 1, 2003. On May 4, 2017 the US District Court for the Western District of New York (“WDNY”) approved and entered the Consent Decree jointly proposed by the EEOC and SJI. The Consent Decree resolves all of the EEOC’s claims against SJI in this litigation, and imposes certain obligations on SJI including the appointment of an employment practices expert to review specific policies and practices, as well as obligations relative to training, notices, reporting and record-keeping. The Consent Decree does not require an outside third-party to monitor or require any monetary payment. The duration of the Consent Decree initially was three years and three months, set to expire on August 4, 2020, but on March 11, 2020, the WDNY approved a limited extension until November 4, 2021 of a few aspects of the Consent Decree terms regarding SJI’s compensation practices, and incorporating its implementation of a new retail team member compensation program into the overall Consent Decree framework. On October 11, 2021, SJI and the EEOC agreed to a tolling stipulation, which was submitted on October 22, 2021 and entered by the WDNY on November 4, 2021, and which extended certain deadlines of the Consent Decree until December 4, 2021. SJI and the EEOC have agreed to additional extensions of the tolling stipulation while the parties negotiate the terms of an amended Consent Decree for the limited purpose of completing certain statistical analyses on SJI’s initial pay and merit increase practices for its retail store employees that the employment practices expert was required to conduct during the term of the Consent Decree. Previously settled matters Shareholder actions As previously reported, on March 16, 2020, the Company entered into an agreement to settle a consolidated class action filed against the Company and certain former executives filed by various shareholders of the Company (the “Consolidated Action”). As a result of the settlement, the Company recorded a charge of $33.2 million during the fourth quarter of Fiscal 2020 in other operating income, net, which includes administration costs of $0.6 million and was recorded net of expected recoveries from the Company’s insurance carriers of $207.4 million. The settlement was fully funded in the second quarter of Fiscal 2021, and the Company contributed approximately $35 million of the $240 million settlement payment, net of insurance proceeds and including the impact of foreign currency. The Court granted final approval of the settlement on July 21, 2020. Four additional actions were filed against the Company and certain former executives largely based on the same allegations as the Consolidated Action. Soon thereafter these four actions were filed, the Court entered orders staying these actions until entry of final judgment in the Consolidated Action. On June 27, 2020, the Company and plaintiffs in the four stayed actions (the “Opt-Out Plaintiffs”) reached a settlement in principle, which was finalized on July 10, 2020 requiring the Opt-Out Plaintiffs to rejoin the Consolidated Action. The Company recorded pre-tax charges related to the settlement of $7.5 million (net of expected insurance recovery) and $1.7 million during Fiscal 2021 and Fiscal 2022, respectively. The final amount owed to the Opt-Out Plaintiffs was paid during the first quarter of Fiscal 2023.

Retirement Plans

Retirement Plans	3 Months Ended
	Apr. 30, 2022
Retirement Benefits [Abstract]
Retirement Plans	Retirement plans Signet operates a defined benefit pension plan in the UK (the “Pension Scheme”) which ceased to admit new employees effective April 2004. The Pension Scheme provides benefits to participating eligible employees. Beginning in Fiscal 2014, a change to the benefit structure was implemented and members’ benefits that accumulate after that date were based upon career average salaries, whereas previously, all benefits were based on salaries at retirement. In September 2017, the Company approved an amendment to freeze benefit accruals under the Pension Scheme in an effort to reduce anticipated future pension expense. As a result of this amendment, the Company froze the pension plan for all participants with an effective date of October 2019 as elected by the plan participants. All future benefit accruals under the plan have thus ceased as of that date. On July 29, 2021, Signet Group Limited (“SGL”), a wholly-owned subsidiary of the Company, entered into an agreement (the “Agreement”) with Signet Pension Trustee Limited (the “Trustee”), as trustee of the Pension Scheme, to facilitate the Trustee entering into a bulk purchase annuity policy ("BPA") securing accrued liabilities under the Pension Scheme with Rothesay Life Plc ("Rothesay") and subsequently, to wind up the Pension Scheme. The BPA is held by the Trustee as an asset of the Pension Scheme (the "buy-in") in anticipation of Rothesay subsequently (and in accordance with the terms of the BPA) issuing individual annuity contracts to each of the 1,909 Pension Scheme members (or their eligible beneficiaries) ("Transferred Participants") covering their accrued benefits (a full “buy-out”), following which the BPA will terminate and the Trustee will wind up the Pension Scheme (collectively, the “Transactions”). Under the terms of the Agreement, SGL has contributed £14.0 million to date (approximately $18.9 million) to the Pension Scheme to enable the Trustee to pay for any and all costs incurred by the Trustee as part of the Transactions. The initial contribution of £7.0 million (approximately $9.7 million) was paid on August 4, 2021, and the Trustee transferred substantially all Plan assets into the BPA on August 9, 2021. SGL contributed an additional £7.0 million (approximately $9.2 million) to the Pension Scheme on March 23, 2022 to faciliate the Trustee funding the balancing premium to Rothesay. SGL is expected to contribute up to an additional £2.0 million (approximately $2.7 million) to the Pension Scheme to enable the Trustee to pay the remaining costs of the Transactions and wind up the Pension Scheme. On April 22, 2022, the Trustee entered into a Deed Poll agreement with Rothesay and a Deed of Assignment with SGL to facilitate the assignment of individual policies for a significant portion of the Transferred Participants (“Assigned Participants”). The Deed Poll and Deed of Assignment, collectively, irrevocably relieve SGL and the Trustee of its obligations under the policies to the Assigned Participants. In addition, during the first quarter of Fiscal 2023, certain Transferred Participants elected to take a voluntary wind-up lump sum distribution and thus no further liability exists for this group. In the first quarter of Fiscal 2023, as a result of the Deed Poll and Deed of Assignment, as well as the voluntary lump sum distributions, the Company has determined that a transfer of all remaining risks has occurred with respect to these groups of participants. Thus, management concluded that the Company triggered settlement accounting and performed a remeasurement of the Pension Scheme, which resulted in a non-cash, pre-tax settlement charge of $131.9 million recorded within other non-operating income (expense) within the condensed consolidated statements of operations during the first quarter of Fiscal 2023. This charge relates to the pro-rata recognition of previously unrecognized actuarial losses and prior service costs out of AOCI and into earnings associated with the Assigned Participants, as well as the voluntary lump sum distributions noted above. The Company expects to settle the remaining obligations and wind up the Pension Scheme by the end of Fiscal 2023. The components of net periodic pension benefit cost for the Pension Scheme are as follows: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Components of net periodic benefit (cost) income: Interest cost $ (0.9) $ (1.0) Expected return on plan assets 0.6 1.3 Amortization of unrecognized actuarial losses (0.9) (0.2) Amortization of unrecognized net prior service costs (0.1) — Pension settlement loss (131.9) — Total net periodic benefit (cost) income $ (133.2) $ 0.1 All components of net periodic benefit cost are charged to other non-operating income (expense), in the condensed consolidated statements of operations.

Organization and Principal Ac_2

Organization and Principal Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Preparation	Basis of preparation The condensed consolidated financial statements of Signet are prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with US generally accepted accounting principles (“US GAAP”) have been condensed or omitted from this report, as is permitted by such rules and regulations. Intercompany transactions and balances have been eliminated in consolidation. Signet has reclassified certain prior year amounts to conform to the current year presentation. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes included in Signet’s Annual Report on Form 10-K for the fiscal year ended January 29, 2022 filed with the SEC on March 17, 2022.
Use of Estimates	Use of estimates The preparation of these condensed consolidated financial statements, in conformity with US GAAP and SEC regulations for interim reporting, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are primarily made in relation to the valuation of inventories, deferred revenue, derivatives, employee benefits, income taxes, contingencies, leases, asset impairments for goodwill, indefinite-lived intangible and long-lived assets and the depreciation and amortization of long-lived assets.
Fiscal Year	Fiscal year The Company’s fiscal year ends on the Saturday nearest to January 31 st . Fiscal 2023 and Fiscal 2022 refer to the 52 week periods ending January 28, 2023 and ended January 29, 2022, respectively. Within these condensed consolidated financial statements, the first quarter of the relevant fiscal years 2023 and 2022 refer to the 13 weeks ended April 30, 2022 and May 1, 2021, respectively.
Foreign Currency Translation	Foreign currency translation The financial position and operating results of certain foreign operations, including certain subsidiaries operating in the UK as part of the International segment and Canada as part of the North America segment, are consolidated using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange on the balance sheet date, and revenues and expenses are translated at the monthly average rates of exchange during the period. Resulting translation gains or losses are included in the accompanying condensed consolidated statements of shareholders’ equity as a component of accumulated other comprehensive income (loss) (“AOCI”). Gains or losses resulting from foreign currency transactions are included in other operating income, net within the condensed consolidated statements of operations.
New Accounting Pronouncements	New accounting pronouncements recently adopted There were no new accounting pronouncements adopted during Fiscal 2023 that have a material impact on the Company’s financial position or results of operations. New accounting pronouncements issued but not yet adopted There are no new accounting pronouncements issued that are expected to have a material impact to the Company in future periods.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Apr. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides the Company’s total sales, disaggregated by banner, for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by banner: Kay $ 667.3 $ — $ — $ 667.3 $ 676.8 $ — $ — $ 676.8 Zales 347.7 — — 347.7 370.8 — — 370.8 Jared 314.1 — — 314.1 284.1 — — 284.1 Banter by Piercing Pagoda 119.0 — — 119.0 148.8 — — 148.8 Diamonds Direct 106.3 — — 106.3 — — — — James Allen 93.3 — — 93.3 101.5 — — 101.5 Peoples 45.4 — — 45.4 34.6 — — 34.6 International segment banners — 110.0 — 110.0 — 57.4 — 57.4 Other (1) 11.9 — 23.3 35.2 1.4 — 13.4 14.8 Total sales $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 $ 1,618.0 $ 57.4 $ 13.4 $ 1,688.8 (1) Other includes primarily sales from Signet’s diamond sourcing initiative and Rocksbox. The following table provides the Company’s total sales, disaggregated by major product, for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by product: Bridal $ 787.3 $ 50.1 $ — $ 837.4 $ 726.7 $ 28.8 $ — $ 755.5 Fashion 658.2 17.7 — 675.9 661.4 9.7 — 671.1 Watches 51.5 35.2 — 86.7 46.9 17.2 — 64.1 Services (1) 166.0 7.0 — 173.0 145.9 1.7 — 147.6 Other (2) 42.0 — 23.3 65.3 37.1 — 13.4 50.5 Total sales $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 $ 1,618.0 $ 57.4 $ 13.4 $ 1,688.8 (1) Services primarily includes sales from service plans, repairs and subscriptions. (2) Other primarily includes sales from Signet’s diamond sourcing initiative and other miscellaneous non-jewelry sales. The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by channel: Store $ 1,396.5 $ 89.9 $ — $ 1,486.4 $ 1,299.6 $ 29.5 $ — $ 1,329.1 E-commerce 300.4 20.1 — 320.5 318.4 27.9 — 346.3 Other (1) 8.1 — 23.3 31.4 — — 13.4 13.4 Total sales $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 $ 1,618.0 $ 57.4 $ 13.4 $ 1,688.8 (1) Other primarily includes sales from Signet’s diamond sourcing initiative.
Schedule of Deferred Selling Costs	Unamortized deferred selling costs as of April 30, 2022, January 29, 2022 and May 1, 2021 were as follows: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Other current assets $ 27.9 $ 28.4 $ 26.4 Other assets 87.3 87.8 86.1 Total deferred selling costs $ 115.2 $ 116.2 $ 112.5 Amortization of deferred ESP selling costs is included within selling, general and administrative expenses in the condensed consolidated statements of operations. Amortization of deferred ESP selling costs w as $10.8 million d uring the 13 weeks ended April 30, 2022 and $9.9 million during the 13 weeks ended May 1, 2021.
Deferred Revenue	Deferred revenue as of April 30, 2022, January 29, 2022 and May 1, 2021 was as follows: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 ESP deferred revenue $ 1,125.9 $ 1,116.5 $ 1,049.4 Other deferred revenue (1) 78.1 82.4 58.3 Total deferred revenue $ 1,204.0 $ 1,198.9 $ 1,107.7 Disclosed as: Current liabilities $ 336.9 $ 341.3 $ 310.0 Non-current liabilities 867.1 857.6 797.7 Total deferred revenue $ 1,204.0 $ 1,198.9 $ 1,107.7 (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) April 30, 2022 May 1, 2021 ESP deferred revenue, beginning of period $ 1,116.5 $ 1,028.9 Plans sold (1) 123.8 124.1 Revenue recognized (2) (114.4) (103.6) ESP deferred revenue, end of period $ 1,125.9 $ 1,049.4 (1) Includes impact of foreign exchange translation. (2) The Company recognized sale s o f $79.2 million and $72.6 million during the 13 weeks ended April 30, 2022 and May 1, 2021, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Apr. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Summary of Estimated Fair Value of Assets and Liabilities Assumed	The following table presents the estimated fair value of the assets acquired and liabilities assumed from Diamonds Direct at the date of acquisition: (in millions) Inventories $ 229.1 Property, plant and equipment 32.3 Right-of-use assets 56.9 Intangible assets 126.0 Other assets 6.7 Identifiable assets acquired 451.0 Accounts payable 46.8 Deferred revenue 26.1 Operating lease liabilities 57.6 Deferred taxes 33.6 Other liabilities 27.6 Liabilities assumed 191.7 Identifiable net assets acquired 259.3 Goodwill 243.8 Net assets acquired $ 503.1

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Apr. 30, 2022
Segment Reporting [Abstract]
Segment Reporting Information, by Segment	13 weeks ended (in millions) April 30, 2022 May 1, 2021 Sales: North America segment $ 1,705.0 $ 1,618.0 International segment 110.0 57.4 Other segment 23.3 13.4 Total sales $ 1,838.3 $ 1,688.8 Operating income (loss): North America segment (1) $ 24.8 $ 212.0 International segment (6.4) (19.7) Other segment 3.0 (0.9) Corporate and unallocated expenses (21.2) (22.7) Total operating income 0.2 168.7 Interest expense, net (4.4) (3.9) Other non-operating income (expense) (134.5) 0.1 Income (loss) before income taxes $ (138.7) $ 164.9 (1) Operating income during the 13 weeks ended April 30, 2022 includes $4.4 million of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct acquisition and $190.0 million related to pre-tax litigation charges. See Note 21 for additional information. Operating income during the 13 weeks ended May 1, 2021 includes $1.1 million of acquisition-related expenses in connection with the Rocksbox acquisition; a $0.7 million credit to restructuring expense, primarily related adjustments previously recognize restructuring liabilities; and $1.5 million of net asset impairments.

Redeemable Preferred Shares (Ta

Redeemable Preferred Shares (Tables)	3 Months Ended
	Apr. 30, 2022
Temporary Equity [Abstract]
Redeemable Preferred Shares	(in millions, except conversion rate and conversion price) April 30, 2022 January 29, 2022 May 1, 2021 Conversion rate 12.2297 12.2297 12.2297 Conversion price $ 81.7682 $ 81.7682 $ 81.7682 Potential impact of preferred shares if-converted to common shares 8.0 8.0 8.0 Liquidation preference (1) $ 665.0 $ 665.1 $ 665.0 (1) Includes the stated value of the Preferred Shares plus any declared but unpaid dividends

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Schedule of Dividends	Dividends declared on the common shares during the 13 weeks ended April 30, 2022 and May 1, 2021 were as follows: Fiscal 2023 Fiscal 2022 (in millions, except per share amounts) Dividends Total dividends Dividends Total dividends First quarter (1) $ 0.20 $ 9.3 $ — $ — (1) Signet’s dividend policy results in the common share dividend payment date being a quarter in arrears from the declaration date. As a result, as of April 30, 2022, $9.3 million was recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheet reflecting the cash dividends on common shares declared for the first quarter of Fiscal 2023. There were no dividends declared or accrued as of May 1, 2021. Dividends declared on the Preferred Shares during the 13 weeks ended April 30, 2022 and May 1, 2021 were as follows: Fiscal 2023 Fiscal 2022 (in millions, except per share amounts) Dividends Total dividends Dividends Total dividends First quarter (1) $ 13.14 $ 8.2 $ 13.14 $ 8.2 (1) Signet’s dividend policy results in the preferred share dividend payment date being a quarter in arrears from the declaration date. As a result, as of April 30, 2022 and May 1, 2021, $8.2 million and $8.2 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the dividends on the Preferred Shares declared for the first quarter of Fiscal 2023 and Fiscal 2022, respectively.
Class of Treasury Stock	The share repurchase activity during the 13 weeks ended April 30, 2022 and May 1, 2021 were as follows: 13 weeks ended April 30, 2022 13 weeks ended May 1, 2021 (in millions, except per share amounts Amount authorized Shares repurchased Amount repurchased (1)(2) Average repurchase price per share (2) Shares repurchased Amount repurchased Average repurchase price per share 2017 Program $ 1,159.4 4.3 $ 318.2 $ 73.42 — $ — N/A (1) The amount repurchased in Fiscal 2023 includes $50 million related to the forward purchase contract in the ASR. (2) Includes amounts paid for commissions.

Earnings (Loss) Per Common Sh_2

Earnings (Loss) Per Common Share (“EPS”) (Tables)	3 Months Ended
	Apr. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic	The computation of basic EPS is outlined in the table below: 13 weeks ended (in millions, except per share amounts) April 30, 2022 May 1, 2021 Numerator: Net income (loss) attributable to common shareholders $ (92.1) $ 129.8 Denominator: Weighted average common shares outstanding 48.8 52.1 EPS – basic $ (1.89) $ 2.49
Schedule of Earnings Per Share, Diluted	The computation of diluted EPS is outlined in the table below: 13 weeks ended (in millions, except per share amounts) April 30, 2022 May 1, 2021 Numerator: Net income (loss) attributable to common shareholders $ (92.1) $ 129.8 Add: Dividends on Preferred Shares — 8.6 Numerator for diluted EPS $ (92.1) $ 138.4 Denominator: Basic weighted average common shares outstanding 48.8 52.1 Plus: Dilutive effect of share awards — 1.9 Plus: Dilutive effect of preferred shares — 8.0 Diluted weighted average common shares outstanding 48.8 62.0 EPS – diluted $ (1.89) $ 2.23
Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share	13 weeks ended (in millions) April 30, 2022 May 1, 2021 Share awards 2.4 — Potential impact of preferred shares 8.0 — Total anti-dilutive shares 10.4 —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables present the changes in AOCI by component and the reclassifications out of AOCI, net of tax: Pension plan (in millions) Foreign Gains (losses) on available-for-sale securities, net Gains (losses) Actuarial Prior Accumulated Balance at January 29, 2022 $ (244.3) $ 0.2 $ 0.4 $ (103.3) $ (3.9) $ (350.9) Other comprehensive income (loss) (“OCI”) before reclassifications (16.8) (0.3) 1.0 (0.4) — (16.5) Amounts reclassified from AOCI to earnings — — — 104.1 3.6 107.7 Net current period OCI (16.8) (0.3) 1.0 103.7 3.6 91.2 Balance at April 30, 2022 $ (261.1) $ (0.1) $ 1.4 $ 0.4 $ (0.3) $ (259.7)
Reclassification out of Accumulated Other Comprehensive Income	The amounts reclassified from AOCI to earnings were as follows: Amounts reclassified from AOCI 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Statement of operations caption Losses on cash flow hedges: Foreign currency contracts $ — $ 0.1 Cost of sales (see Note 16) Commodity contracts — 0.1 Cost of sales (see Note 16) Total before income tax — 0.2 Income taxes — — Net of tax — 0.2 Defined benefit pension plan items: Amortization of unrecognized actuarial losses 0.9 0.2 Other non-operating income (expense) Amortization of unrecognized net prior service costs 0.1 — Other non-operating income (expense) Pension settlement loss 131.9 — Other non-operating income (expense) Total before income tax 132.9 0.2 Income taxes (25.2) — Net of tax 107.7 0.2 Total reclassifications, net of tax $ 107.7 $ 0.4

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Reconciliation of Effective Tax Rate	13 weeks ended April 30, 2022 May 1, 2021 Estimated annual effective tax rate before discrete items 20.6 % 18.6 % Discrete items recognized 19.2 % (2.5) % Effective tax rate recognized in statements of operations 39.8 % 16.1 %

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	3 Months Ended
	Apr. 30, 2022
Receivables [Abstract]
Accounts Receivable By Portfolio Segment	The following table presents the components of Signet’s accounts receivable: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Customer in-house finance receivables, net $ — $ — $ 61.5 Accounts receivable, trade 17.1 18.3 9.5 Accounts receivable, held for sale — 1.6 7.9 Accounts receivable, net $ 17.1 $ 19.9 $ 78.9
Financing Receivable Credit Quality Indicators	The following table disaggregates the Company’s customer in-house finance receivables by credit quality: (in millions) May 1, 2021 Near Prime $ 46.0 Subprime 26.2 Deep Subprime 10.7 Total at amortized cost $ 82.9
Financing Receivable, Allowance for Credit Loss	The following table is a rollforward of the Company’s allowance for credit losses on customer in-house finance receivables: 13 weeks ended (in millions) May 1, 2021 Beginning balance $ 25.5 Provision for credit losses (1.2) Write-offs (2.9) Ending balance $ 21.4
Financing Receivable, Past Due	The following table disaggregates the Company’s customer in-house finance receivables by past due status: (in millions) May 1, 2021 Current $ 69.2 1 - 30 days past due 5.4 31 - 60 days past due 1.9 61 - 90 days past due 1.9 Greater than 90 days past due 4.5 Total at amortized cost $ 82.9

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	The following table summarizes the details of the Company’s inventory: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Raw materials $ 107.2 $ 75.8 $ 72.9 Merchandise inventories 2,109.0 1,984.6 1,946.1 Total inventories $ 2,216.2 $ 2,060.4 $ 2,019.0

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2022
Leases [Abstract]
Total Lease Costs for Operating Leases	Total lease costs consist of the following: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Operating lease cost $ 97.4 $ 105.6 Short-term lease cost 12.7 0.8 Variable lease cost 29.4 30.6 Sublease income (0.6) (0.7) Total lease cost $ 138.9 $ 136.3

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	3 Months Ended
	Apr. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill by Reporting Unit	The following table summarizes the Company’s goodwill by reportable segment: (in millions) North America Balance at January 29, 2022 (1) $ 484.6 Acquisitions (2) 1.8 Balance at April 30, 2022 (1) $ 486.4 (1) The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of April 30, 2022 and January 29, 2022. (2) The change in goodwill during the period primarily represents an increase related to the finalization of the purchase price consideration of Diamonds Direct. Refer to Note 4 for additional information.
Schedule of Finite-Lived Intangible Assets	The following table provides additional detail regarding the composition of intangible assets and liabilities: April 30, 2022 January 29, 2022 May 1, 2021 (in millions) Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Intangible assets, net: Definite-lived intangible assets $ 15.8 $ (5.9) $ 9.9 $ 15.8 $ (5.3) $ 10.5 $ 17.1 $ (4.6) $ 12.5 Indefinite-lived intangible assets (1) 303.6 — 303.6 303.7 — 303.7 178.1 — 178.1 Total intangible assets, net $ 319.4 $ (5.9) $ 313.5 $ 319.5 $ (5.3) $ 314.2 $ 195.2 $ (4.6) $ 190.6 Intangible liabilities, net $ (38.0) $ 31.3 $ (6.7) $ (38.0) $ 30.8 $ (7.2) $ (38.0) $ 29.0 $ (9.0) (1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Diamonds Direct trade name of $126.0 million and the impact of foreign currency translation.
Schedule of Indefinite-Lived Intangible Assets	The following table provides additional detail regarding the composition of intangible assets and liabilities: April 30, 2022 January 29, 2022 May 1, 2021 (in millions) Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Intangible assets, net: Definite-lived intangible assets $ 15.8 $ (5.9) $ 9.9 $ 15.8 $ (5.3) $ 10.5 $ 17.1 $ (4.6) $ 12.5 Indefinite-lived intangible assets (1) 303.6 — 303.6 303.7 — 303.7 178.1 — 178.1 Total intangible assets, net $ 319.4 $ (5.9) $ 313.5 $ 319.5 $ (5.3) $ 314.2 $ 195.2 $ (4.6) $ 190.6 Intangible liabilities, net $ (38.0) $ 31.3 $ (6.7) $ (38.0) $ 30.8 $ (7.2) $ (38.0) $ 29.0 $ (9.0) (1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Diamonds Direct trade name of $126.0 million and the impact of foreign currency translation.

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Apr. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the fair value and presentation of derivative instruments in the condensed consolidated balance sheets: Fair value of derivative assets (in millions) Balance sheet location April 30, 2022 January 29, 2022 May 1, 2021 Derivatives designated as hedging instruments: Foreign currency contracts Other current assets $ 1.2 $ 0.3 $ 0.1 Derivatives not designated as hedging instruments: Foreign currency contracts Other current assets — — 0.1 Total derivative assets $ 1.2 $ 0.3 $ 0.2 Fair value of derivative liabilities (in millions) Balance sheet location April 30, 2022 January 29, 2022 May 1, 2021 Derivatives designated as hedging instruments: Foreign currency contracts Other current liabilities $ — $ — $ (0.3) Derivatives not designated as hedging instruments: Foreign currency contracts Other current liabilities (2.8) (1.3) (0.5) Total derivative liabilities $ (2.8) $ (1.3) $ (0.8)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table summarizes the pre-tax gains (losses) recorded in AOCI for derivatives designated in cash flow hedging relationships: (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Foreign currency contracts $ 1.7 $ 0.5 $ (0.6) Commodity contracts — — (0.4) Gains (losses) recorded in AOCI $ 1.7 $ 0.5 $ (1.0)
Derivative Instruments, Gain (Loss)	The following tables summarize the effect of derivative instruments designated as cash flow hedges on OCI and the condensed consolidated statements of operations: Foreign currency contracts 13 weeks ended (in millions) Statement of operations caption April 30, 2022 May 1, 2021 Gains (losses) recorded in AOCI, beginning of period $ 0.5 $ (0.7) Current period gains (losses) recognized in OCI 1.2 — Losses (gains) reclassified from AOCI to earnings Cost of sales (1) — 0.1 Gains (losses) recorded in AOCI, end of period $ 1.7 $ (0.6) Commodity contracts 13 weeks ended (in millions) Statement of operations caption April 30, 2022 May 1, 2021 Gains (losses) recorded in AOCI, beginning of period $ — $ (0.4) Current period gains (losses) recognized in OCI — (0.1) Losses (gains) reclassified from AOCI to earnings Cost of sales (1) — 0.1 Gains (losses) recorded in AOCI, end of period $ — $ (0.4) (1) Refer to the condensed consolidated statements of operations for total amounts of each financial statement caption impacted by cash flow hedges. The following table presents the effects of the Company’s derivatives instruments not designated as cash flow hedges in the condensed consolidated statements of operations: 13 weeks ended (in millions) Statement of operations caption April 30, 2022 May 1, 2021 Foreign currency contracts Other operating income (expense) $ (4.8) $ 0.9

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Apr. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The methods Signet uses to determine fair value on an instrument-specific basis are detailed below: April 30, 2022 January 29, 2022 May 1, 2021 (in millions) Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Assets: US Treasury securities $ 4.4 $ 4.4 $ — $ 4.5 $ 4.5 $ — $ 5.1 $ 5.1 $ — Foreign currency contracts 1.2 — 1.2 0.3 — 0.3 0.2 — 0.2 US government agency securities 2.0 — 2.0 2.0 — 2.0 3.1 — 3.1 Corporate bonds and notes 5.2 — 5.2 5.8 — 5.8 6.2 — 6.2 Total assets $ 12.8 $ 4.4 $ 8.4 $ 12.6 $ 4.5 $ 8.1 $ 14.6 $ 5.1 $ 9.5 Liabilities: Foreign currency contracts $ (2.8) $ — $ (2.8) $ (1.3) $ — $ (1.3) $ (0.8) $ — $ (0.8) Total liabilities $ (2.8) $ — $ (2.8) $ (1.3) $ — $ (1.3) $ (0.8) $ — $ (0.8)
Schedule of Carrying Values and Estimated Fair Values	The following table provides a summary of the carrying amount and fair value of outstanding debt: April 30, 2022 January 29, 2022 May 1, 2021 (in millions) Carrying Fair Value Carrying Fair Value Carrying Fair Value Long-term debt: Senior notes (Level 2) $ 147.1 $ 147.2 $ 147.1 $ 150.0 $ 146.8 $ 150.8

Loans, Overdrafts and Long-te_2

Loans, Overdrafts and Long-term Debt (Tables)	3 Months Ended
	Apr. 30, 2022
Debt Disclosure [Abstract]
Summary of Loans, Overdrafts and Long-Term Debt	(in millions) April 30, 2022 January 29, 2022 May 1, 2021 Debt: Senior unsecured notes due 2024, net of unamortized discount $ 147.7 $ 147.7 $ 147.6 Gross debt $ 147.7 $ 147.7 $ 147.6 Less: Unamortized debt issuance costs (0.6) (0.6) (0.8) Total long-term debt $ 147.1 $ 147.1 $ 146.8

Warranty Reserve (Tables)

Warranty Reserve (Tables)	3 Months Ended
	Apr. 30, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Warranty Reserve Roll forward	The warranty reserve for diamond and gemstone guarantees, included in accrued expenses and other current liabilities and other non-current liabilities, is as follows: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Warranty reserve, beginning of period $ 36.0 $ 37.3 Warranty expense 4.7 0.7 Utilized (1) (3.0) (2.5) Warranty reserve, end of period $ 37.7 $ 35.5 (1) Includes impact of foreign exchange translation. (in millions) April 30, 2022 January 29, 2022 May 1, 2021 Disclosed as: Current liabilities $ 10.6 $ 10.2 $ 10.2 Other liabilities - non-current 27.1 25.8 25.3 Total warranty reserve $ 37.7 $ 36.0 $ 35.5

Other operating and non-opera_2

Other operating and non-operating income (expense) (Tables)	3 Months Ended
	Apr. 30, 2022
Other Income and Expenses [Abstract]
Schedule of Other Operating Cost and Expense, by Component	The following table provides the components of other operating income (expense) for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Litigation charges (1) $ (190.0) $ — Interest income from customer in-house finance receivables (2) — 4.0 Other (0.4) (1.7) Other operating income (expense) $ (190.4) $ 2.3 (1) See Note 21 for additional information. (2) See Note 12 for additional information.
Schedule of Other Nonoperating Expense, by Component	The following table provides the components of other non-operating income (expense) for the 13 weeks ended April 30, 2022 and May 1, 2021: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Pension settlement (1) $ (131.9) $ — Other (2.6) 0.1 Other non-operating income (expense) $ (134.5) $ 0.1 (1) See Note 22 for additional information.

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Apr. 30, 2022
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension benefit cost for the Pension Scheme are as follows: 13 weeks ended (in millions) April 30, 2022 May 1, 2021 Components of net periodic benefit (cost) income: Interest cost $ (0.9) $ (1.0) Expected return on plan assets 0.6 1.3 Amortization of unrecognized actuarial losses (0.9) (0.2) Amortization of unrecognized net prior service costs (0.1) — Pension settlement loss (131.9) — Total net periodic benefit (cost) income $ (133.2) $ 0.1

Organization and Principal Ac_3

Organization and Principal Accounting Policies (Details)	3 Months Ended
	Apr. 30, 2022segment
Business Acquisition [Line Items]
Number of reportable segments	3
Minimum
Business Acquisition [Line Items]
Seasonal revenues, fourth quarter sales, percent	35.00%
Maximum
Business Acquisition [Line Items]
Seasonal revenues, fourth quarter sales, percent	40.00%

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Disaggregation of Revenue [Line Items]
Sales	$ 1,838.3	$ 1,688.8
Bridal
Disaggregation of Revenue [Line Items]
Sales	837.4	755.5
Fashion
Disaggregation of Revenue [Line Items]
Sales	675.9	671.1
Watches
Disaggregation of Revenue [Line Items]
Sales	86.7	64.1
Services
Disaggregation of Revenue [Line Items]
Sales	173	147.6
Other
Disaggregation of Revenue [Line Items]
Sales	65.3	50.5
Kay
Disaggregation of Revenue [Line Items]
Sales	667.3	676.8
Zales
Disaggregation of Revenue [Line Items]
Sales	347.7	370.8
Jared
Disaggregation of Revenue [Line Items]
Sales	314.1	284.1
Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Sales	119	148.8
Diamonds Direct
Disaggregation of Revenue [Line Items]
Sales	106.3	0
James Allen
Disaggregation of Revenue [Line Items]
Sales	93.3	101.5
Peoples
Disaggregation of Revenue [Line Items]
Sales	45.4	34.6
International segment banners
Disaggregation of Revenue [Line Items]
Sales	110	57.4
Other
Disaggregation of Revenue [Line Items]
Sales	35.2	14.8
Store
Disaggregation of Revenue [Line Items]
Sales	1,486.4	1,329.1
E-commerce
Disaggregation of Revenue [Line Items]
Sales	320.5	346.3
Other
Disaggregation of Revenue [Line Items]
Sales	31.4	13.4
North America
Disaggregation of Revenue [Line Items]
Sales	1,705	1,618
North America | Bridal
Disaggregation of Revenue [Line Items]
Sales	787.3	726.7
North America | Fashion
Disaggregation of Revenue [Line Items]
Sales	658.2	661.4
North America | Watches
Disaggregation of Revenue [Line Items]
Sales	51.5	46.9
North America | Services
Disaggregation of Revenue [Line Items]
Sales	166	145.9
North America | Other
Disaggregation of Revenue [Line Items]
Sales	42	37.1
North America | Kay
Disaggregation of Revenue [Line Items]
Sales	667.3	676.8
North America | Zales
Disaggregation of Revenue [Line Items]
Sales	347.7	370.8
North America | Jared
Disaggregation of Revenue [Line Items]
Sales	314.1	284.1
North America | Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Sales	119	148.8
North America | Diamonds Direct
Disaggregation of Revenue [Line Items]
Sales	106.3	0
North America | James Allen
Disaggregation of Revenue [Line Items]
Sales	93.3	101.5
North America | Peoples
Disaggregation of Revenue [Line Items]
Sales	45.4	34.6
North America | International segment banners
Disaggregation of Revenue [Line Items]
Sales	0	0
North America | Other
Disaggregation of Revenue [Line Items]
Sales	11.9	1.4
North America | Store
Disaggregation of Revenue [Line Items]
Sales	1,396.5	1,299.6
North America | E-commerce
Disaggregation of Revenue [Line Items]
Sales	300.4	318.4
North America | Other
Disaggregation of Revenue [Line Items]
Sales	8.1	0
International segment banners
Disaggregation of Revenue [Line Items]
Sales	110	57.4
International segment banners | Bridal
Disaggregation of Revenue [Line Items]
Sales	50.1	28.8
International segment banners | Fashion
Disaggregation of Revenue [Line Items]
Sales	17.7	9.7
International segment banners | Watches
Disaggregation of Revenue [Line Items]
Sales	35.2	17.2
International segment banners | Services
Disaggregation of Revenue [Line Items]
Sales	7	1.7
International segment banners | Other
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | Kay
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | Zales
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | Jared
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | Diamonds Direct
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | James Allen
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | Peoples
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | International segment banners
Disaggregation of Revenue [Line Items]
Sales	110	57.4
International segment banners | Other
Disaggregation of Revenue [Line Items]
Sales	0	0
International segment banners | Store
Disaggregation of Revenue [Line Items]
Sales	89.9	29.5
International segment banners | E-commerce
Disaggregation of Revenue [Line Items]
Sales	20.1	27.9
International segment banners | Other
Disaggregation of Revenue [Line Items]
Sales	0	0
Other
Disaggregation of Revenue [Line Items]
Sales	23.3	13.4
Other | Bridal
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Fashion
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Watches
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Services
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Sales	23.3	13.4
Other | Kay
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Zales
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Jared
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Diamonds Direct
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | James Allen
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Peoples
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | International segment banners
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Sales	23.3	13.4
Other | Store
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | E-commerce
Disaggregation of Revenue [Line Items]
Sales	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Sales	$ 23.3	$ 13.4

Revenue Recognition - Unamortiz

Revenue Recognition - Unamortized Deferred Selling Costs (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Revenue from Contract with Customer [Abstract]
Other current assets	$ 27.9	$ 28.4	$ 26.4
Other assets	87.3	87.8	86.1
Total deferred selling costs	$ 115.2	$ 116.2	$ 112.5

Revenue Recognition- Narrative

Revenue Recognition- Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Extended Service Plans and Lifetime Warranty Agreements
Disaggregation of Revenue [Line Items]
Capitalized contract cost, amortization	$ 10.8	$ 9.9

Revenue Recognition - ESP and V

Revenue Recognition - ESP and Voucher Promotions (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021	Jan. 30, 2021
Disaggregation of Revenue [Line Items]
Total deferred revenue	$ 1,204	$ 1,198.9	$ 1,107.7
Current liabilities	336.9	341.3	310
Non-current liabilities	867.1	857.6	797.7
ESP deferred revenue
Disaggregation of Revenue [Line Items]
Total deferred revenue	1,125.9	1,116.5	1,049.4	$ 1,028.9
Other deferred revenue
Disaggregation of Revenue [Line Items]
Total deferred revenue	$ 78.1	$ 82.4	$ 58.3

Revenue Recognition - ESP Defer

Revenue Recognition - ESP Deferred Revenue Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Change in Contract with Customer, Liability [Roll Forward]
ESP deferred revenue, beginning of period	$ 1,198.9
Plans sold	5.4	$ 34.4
ESP deferred revenue, end of period	1,204	1,107.7
Extended Service Plan
Change in Contract with Customer, Liability [Roll Forward]
ESP deferred revenue, beginning of period	1,116.5	1,028.9
Plans sold	123.8	124.1
Revenue recognized	(114.4)	(103.6)
ESP deferred revenue, end of period	1,125.9	1,049.4
Extended Service Plan and Voucher Promotions
Change in Contract with Customer, Liability [Roll Forward]
Revenue recognized	$ (79.2)	$ (72.6)

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Detail) - USD ($)	Nov. 17, 2021	Mar. 29, 2021	Apr. 30, 2022	May 01, 2021	Apr. 30, 2022
Business Acquisition [Line Items]
Cash consideration			$ 1,900,000	$ 14,400,000
Rocksbox
Business Acquisition [Line Items]
Cash consideration		$ 14,600,000
Diamonds Direct
Business Acquisition [Line Items]
Cash consideration					$ 503,100,000
Cash acquired from acquisition	$ 14,200,000
Additional payment			$ 1,900,000
Goodwill, expected tax deductible amount	0
Diamonds Direct | Trade names
Business Acquisition [Line Items]
Intangible assets	$ 126,000,000

Acquisitions - Assets Acquired

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	Nov. 17, 2021	May 01, 2021
Business Acquisition [Line Items]
Goodwill	$ 486.4	$ 484.6		$ 244.9
Diamonds Direct
Business Acquisition [Line Items]
Inventories			$ 229.1
Property, plant and equipment			32.3
Right-of-use assets			56.9
Intangible assets			126
Other assets			6.7
Identifiable assets acquired			451
Accounts payable			46.8
Deferred revenue			26.1
Operating lease liabilities			57.6
Deferred taxes			33.6
Other liabilities			27.6
Liabilities assumed			191.7
Identifiable net assets acquired			259.3
Goodwill			243.8
Net assets acquired			$ 503.1

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Apr. 30, 2022segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information - Summary o

Segment Information - Summary of Activity by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Segment Reporting Information [Line Items]
Sales	$ 1,838.3	$ 1,688.8
Operating income (loss):	0.2	168.7
Interest expense, net	(4.4)	(3.9)
Other non-operating income (expense)	(134.5)	0.1
Income (loss) before income taxes	(138.7)	164.9
Pre-tax litigation charges	190	0
North America
Segment Reporting Information [Line Items]
Sales	1,705	1,618
International segment
Segment Reporting Information [Line Items]
Sales	110	57.4
Other segment
Segment Reporting Information [Line Items]
Sales	23.3	13.4
Reportable segments | North America
Segment Reporting Information [Line Items]
Sales	1,705	1,618
Operating income (loss):	24.8	212
Pre-tax litigation charges	190
Restructuring charges		(0.7)
Asset impairments, net		1.5
Reportable segments | North America | Diamonds Direct | Fair Value Adjustment to Inventory
Segment Reporting Information [Line Items]
Operating income (loss):	(4.4)
Reportable segments | North America | Rocksbox
Segment Reporting Information [Line Items]
Acquisition and integration related costs		1.1
Reportable segments | International segment
Segment Reporting Information [Line Items]
Sales	110	57.4
Operating income (loss):	(6.4)	(19.7)
Reportable segments | Other segment
Segment Reporting Information [Line Items]
Sales	23.3	13.4
Operating income (loss):	3	(0.9)
Corporate and unallocated expenses
Segment Reporting Information [Line Items]
Operating income (loss):	$ (21.2)	$ (22.7)

Redeemable Preferred Shares - N

Redeemable Preferred Shares - Narrative (Details) - Series A Redeemable Convertible Preferred Stock - USD ($) $ / shares in Units, $ in Millions	Oct. 05, 2016	Apr. 30, 2022	May 01, 2021	Jan. 29, 2022
Temporary Equity [Line Items]
Redeemable convertible preferred stock, shares issued (shares)	625,000
Preferred stock, purchase price	$ 625
Shares issued, price per share (usd per share)	$ 1,000
Preferred stock, dividend rate, percentage		5.00%
Payments of stock issuance costs	$ 13.7
Accumulated accretion of dividends		$ 9.4	$ 7.7	$ 9
Accretion to redemption value		$ 0.4	$ 0.4

Redeemable Preferred Shares - R

Redeemable Preferred Shares - Redeemable Preferred Shares (Details) - Series A Redeemable Convertible Preferred Stock $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Apr. 30, 2022USD ($)$ / sharesshares	May 01, 2021USD ($)$ / sharesshares	Jan. 29, 2022USD ($)$ / sharesshares
Temporary Equity [Line Items]
Conversion rate	12.2297	12.2297	12.2297
Conversion price (usd per share) | $ / shares	$ 81.7682	$ 81.7682	$ 81.7682
Potential impact of preferred shares if-converted to common shares (shares) | shares	8	8	8
Liquidation preference | $	$ 665	$ 665	$ 665.1

Shareholders' Equity - Dividend

Shareholders' Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Dividends Payable [Line Items]
Common stock, dividends (usd per share)	$ 0.20	$ 0
Dividends, common stock	$ 9.3	$ 0
Dividends declared per preferred share (usd per share)	$ 13.14	$ 13.14
Dividends, preferred stock	$ 8.2	$ 8.2
Common Stock | Accrued expenses and other current liabilities
Dividends Payable [Line Items]
Dividends payable	9.3
Series A Redeemable Convertible Preferred Stock | Accrued expenses and other current liabilities
Dividends Payable [Line Items]
Dividends payable	$ 8.2	$ 8.2

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions	Mar. 14, 2022	Jan. 24, 2022	Apr. 30, 2022	May 01, 2021	Jun. 09, 2022	Jan. 29, 2022	Jan. 21, 2022
Class of Stock [Line Items]
Amount of preferred dividends in arrears			$ 0	$ 0
Accelerated share repurchases, total Value committed to repurchase							$ 250,000,000
Accelerated share repurchases, payment		$ 250,000,000
Treasury stock, shares, acquired	0.8	2.5
Accelerated share repurchases, initial price paid per share		$ 80
Accelerated share repurchases, prepayment amount, percent paid up front		80.00%
Accelerated share repurchases, prepayment amount, percent to be paid upon final settlement	20.00%
2017 Program
Class of Stock [Line Items]
Increase to authorized amount						$ 559,400,000
Amount authorized			1,159,400,000			$ 1,200,000,000
Remaining authorized repurchase amount			$ 145,000,000
2017 Program | Subsequent Event
Class of Stock [Line Items]
Increase to authorized amount					$ 500,000,000
Amount authorized					$ 1,700,000,000

Shareholders' Equity - Share Re

Shareholders' Equity - Share Repurchase (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021	Jan. 29, 2022
Class of Stock [Line Items]
Amount repurchased	$ 268.2
2017 Program
Class of Stock [Line Items]
Amount authorized	$ 1,159.4		$ 1,200
Shares repurchased (shares)	4.3	0
Amount repurchased	$ 318.2	$ 0
Average repurchase price per share (usd per share)	$ 73.42
Accelerated Share Repurchase
Class of Stock [Line Items]
Amount repurchased	$ 50

Earnings (Loss) Per Common Sh_3

Earnings (Loss) Per Common Share (“EPS”) - Schedule of Basic Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Earnings Per Share, Basic [Abstract]
Net income (loss) attributable to common shareholders	$ (92.1)	$ 129.8
Basic weighted average common shares outstanding (shares)	48.8	52.1
EPS – basic (usd per share)	$ (1.89)	$ 2.49

Earnings (Loss) Per Common Sh_4

Earnings (Loss) Per Common Share (“EPS”) - Schedule of Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Earnings Per Share, Basic [Abstract]
Net income (loss) attributable to common shareholders	$ (92.1)	$ 129.8
Add: Dividends on Preferred Shares	0	8.6
Numerator for diluted EPS	$ (92.1)	$ 138.4
Earnings Per Share, Diluted [Abstract]
Basic weighted average common shares outstanding (shares)	48.8	52.1
Plus: Dilutive effect of share awards (shares)	0	1.9
Plus: Dilutive effect of Preferred Shares (shares)	0	8
Diluted weighted average common shares outstanding (shares)	48.8	62
EPS – diluted (usd per share)	$ (1.89)	$ 2.23

Earnings (Loss) Per Common Sh_5

Earnings (Loss) Per Common Share (“EPS”) - Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share (Details) - shares shares in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (shares)	10.4	0
Share awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (shares)	2.4	0
Potential impact of preferred shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (shares)	8	0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated OCI by Component and Reclassifications Out of Accumulated OCI (Details) $ in Millions	3 Months Ended
	Apr. 30, 2022USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 1,564
Other comprehensive income (loss) (“OCI”) before reclassifications	(16.5)
Amounts reclassified from AOCI to earnings	107.7
Net current period OCI	91.2
Ending Balance	1,256.8
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(350.9)
Ending Balance	(259.7)
Foreign currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(244.3)
Other comprehensive income (loss) (“OCI”) before reclassifications	(16.8)
Amounts reclassified from AOCI to earnings	0
Net current period OCI	(16.8)
Ending Balance	(261.1)
Gains (losses) on available-for-sale securities, net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	0.2
Other comprehensive income (loss) (“OCI”) before reclassifications	(0.3)
Amounts reclassified from AOCI to earnings	0
Net current period OCI	(0.3)
Ending Balance	(0.1)
Gains (losses) on cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	0.4
Other comprehensive income (loss) (“OCI”) before reclassifications	1
Amounts reclassified from AOCI to earnings	0
Net current period OCI	1
Ending Balance	1.4
Pension plan | Actuarial losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(103.3)
Other comprehensive income (loss) (“OCI”) before reclassifications	(0.4)
Amounts reclassified from AOCI to earnings	104.1
Net current period OCI	103.7
Ending Balance	0.4
Pension plan | Prior service costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(3.9)
Other comprehensive income (loss) (“OCI”) before reclassifications	0
Amounts reclassified from AOCI to earnings	3.6
Net current period OCI	3.6
Ending Balance	$ (0.3)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassifications out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales	$ (1,114.6)	$ (1,010.4)
Other non-operating income (expense)	(2.6)	0.1
Income taxes	55.2	(26.5)
Net income (loss)	(83.5)	138.4
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss)	107.7	0.4
Losses (gains) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before income tax	0	0.2
Income taxes	0	0
Net income (loss)	0	0.2
Losses (gains) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income | Foreign currency contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales	0	0.1
Losses (gains) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income | Commodity contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales	0	0.1
Defined benefit pension plan items | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before income tax	132.9	0.2
Income taxes	(25.2)	0
Net income (loss)	107.7	0.2
Actuarial losses | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating income (expense)	0.9	0.2
Prior service costs | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating income (expense)	0.1	0
Pension settlement loss | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating income (expense)	$ 131.9	$ 0

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Income Tax Disclosure [Abstract]
Estimated annual effective tax rate before discrete items	20.60%	18.60%
Discrete items recognized	19.20%	(2.50%)
Effective tax rate recognized in statements of operations	39.80%	16.10%

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) $ in Millions	3 Months Ended
	Apr. 30, 2022USD ($)
Income Tax Disclosure [Abstract]
Discrete tax benefits related to litigation charges	$ 47.7
Tax benefit due to reversal of foreign pension out of OCI	25
Excess tax benefit from share based compensation	$ 13

Accounts Receivable, Net - Port

Accounts Receivable, Net - Portfolio of Accounts Receivable (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Receivables [Abstract]
Customer in-house finance receivables, net	$ 0	$ 0	$ 61.5
Accounts receivable, trade	17.1	18.3	9.5
Accounts receivable, held for sale	0	1.6	7.9
Accounts receivable, net	$ 17.1	$ 19.9	$ 78.9

Accounts Receivable, Net - Cred

Accounts Receivable, Net - Credit Quality of Finance Receivables (Details) $ in Millions	May 01, 2021USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total at amortized cost	$ 82.9
Near Prime
Financing Receivable, Credit Quality Indicator [Line Items]
Total at amortized cost	46
Subprime
Financing Receivable, Credit Quality Indicator [Line Items]
Total at amortized cost	26.2
Deep Subprime
Financing Receivable, Credit Quality Indicator [Line Items]
Total at amortized cost	$ 10.7

Accounts Receivable, Net - Roll

Accounts Receivable, Net - Rollforward of Allowance for Credit Losses (Details) $ in Millions	3 Months Ended
	May 01, 2021USD ($)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 25.5
Provision for credit losses	(1.2)
Write-offs	(2.9)
Ending balance	$ 21.4

Accounts Receivable, Net - Past

Accounts Receivable, Net - Past Due Status (Details) $ in Millions	May 01, 2021USD ($)
Financing Receivable, Past Due [Line Items]
Total at amortized cost	$ 82.9
Current
Financing Receivable, Past Due [Line Items]
Total at amortized cost	69.2
1 - 30 days past due
Financing Receivable, Past Due [Line Items]
Total at amortized cost	5.4
31 - 60 days past due
Financing Receivable, Past Due [Line Items]
Total at amortized cost	1.9
61 - 90 days past due
Financing Receivable, Past Due [Line Items]
Total at amortized cost	1.9
Greater than 90 days past due
Financing Receivable, Past Due [Line Items]
Total at amortized cost	$ 4.5

Accounts Receivable, Net - Narr

Accounts Receivable, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Receivables [Abstract]
Interest income from customer in-house finance receivables	$ 0	$ 4

Inventories - Summary of Invent

Inventories - Summary of Inventory Components (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 107.2	$ 75.8	$ 72.9
Merchandise inventories	2,109	1,984.6	1,946.1
Total inventories	$ 2,216.2	$ 2,060.4	$ 2,019

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	Apr. 30, 2022USD ($)
Leases [Abstract]
Deferred rent	$ 12

Leases - Total Lease Costs For

Leases - Total Lease Costs For Operating Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Leases [Abstract]
Operating lease cost	$ 97.4	$ 105.6
Short-term lease cost	12.7	0.8
Variable lease cost	29.4	30.6
Sublease income	(0.6)	(0.7)
Total lease cost	$ 138.9	$ 136.3

Goodwill and Intangibles - Narr

Goodwill and Intangibles - Narrative (Details) - USD ($) $ in Millions	Mar. 29, 2021	Apr. 30, 2022	Jan. 29, 2022	Nov. 17, 2021	May 01, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 486.4	$ 484.6		$ 244.9
Diamonds Direct
Finite-Lived Intangible Assets [Line Items]
Goodwill				$ 243.8
Diamonds Direct | Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets				$ 126
North America
Finite-Lived Intangible Assets [Line Items]
Acquisitions		1.8
Goodwill		$ 486.4	$ 484.6
North America | Rocksbox
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets acquired	$ 11.6
Acquisitions	$ 4.6
Acquired finite-lived intangible assets, weighted average useful life	8 years

Goodwill and Intangibles - Summ

Goodwill and Intangibles - Summary of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	Jan. 29, 2022
Goodwill [Roll Forward]
Beginning balance	$ 484.6
Ending balance	486.4
North America
Goodwill [Roll Forward]
Beginning balance	484.6
Acquisitions	1.8
Ending balance	486.4
Goodwill, accumulated impairment loss	$ 576	$ 576

Goodwill and Intangibles - Comp

Goodwill and Intangibles - Composition of Finite-Lived Intangibles (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	Nov. 17, 2021	May 01, 2021
Intangible assets, net:
Gross carrying amount	$ 15.8	$ 15.8		$ 17.1
Accumulated amortization	(5.9)	(5.3)		(4.6)
Net carrying amount	9.9	10.5		12.5
Indefinite-lived intangible assets	303.6	303.7		178.1
Intangible assets, gross	319.4	319.5		195.2
Total intangible assets, net	313.5	314.2		190.6
Intangible liabilities, net
Gross carrying amount	(38)	(38)		(38)
Accumulated amortization	31.3	30.8		29
Total	$ (6.7)	$ (7.2)		$ (9)
Diamonds Direct | Trade names
Indefinite-lived Intangible Assets [Line Items]
Intangible assets			$ 126

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 30, 2022	May 01, 2021	Jan. 29, 2022
Maximum
Derivative [Line Items]
Derivative, remaining term	12 months
Foreign currency contracts | Derivatives not designated as hedging instruments:
Derivative [Line Items]
Derivative, notional amount	$ 95.5	$ 108.8	$ 93.8
Cash Flow Hedging
Derivative [Line Items]
Net pre-tax derivative gains	1.4
Cash Flow Hedging | Foreign currency contracts
Derivative [Line Items]
Derivative, notional amount	$ 18.8	$ 19	$ 11.2
Derivative, remaining term	11 months	12 months	10 months

Derivatives - Fair Value of Pre

Derivatives - Fair Value of Presentation of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	$ 1.2	$ 0.3	$ 0.2
Fair value of derivative liabilities	(2.8)	(1.3)	(0.8)
Foreign currency contracts | Derivatives designated as hedging instruments: | Other current assets
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	1.2	0.3	0.1
Foreign currency contracts | Derivatives designated as hedging instruments: | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	0	0	(0.3)
Foreign currency contracts | Derivatives not designated as hedging instruments: | Other current assets
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	0	0	0.1
Foreign currency contracts | Derivatives not designated as hedging instruments: | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	$ (2.8)	$ (1.3)	$ (0.5)

Derivatives - Derivative Instru

Derivatives - Derivative Instruments Designated as Cash Flow Hedges in OCI (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Current period gains (losses) recognized in OCI	$ 1.2	$ (0.1)
Losses (gains) reclassified from AOCI to earnings	0	0.2
Cash Flow Hedging
Derivative [Line Items]
Gains (losses) recorded in AOCI	1.7	(1)
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period	0.5
Gains (losses) recorded in AOCI, end of period	1.7	(1)
Foreign currency contracts | Cash Flow Hedging
Derivative [Line Items]
Gains (losses) recorded in AOCI	1.7	(0.6)
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period	0.5	(0.7)
Current period gains (losses) recognized in OCI	1.2	0
Gains (losses) recorded in AOCI, end of period	1.7	(0.6)
Foreign currency contracts | Cash Flow Hedging | Cost of sales
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Losses (gains) reclassified from AOCI to earnings	0	0.1
Commodity contracts | Cash Flow Hedging
Derivative [Line Items]
Gains (losses) recorded in AOCI	0	(0.4)
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Gains (losses) recorded in AOCI, beginning of period	0	(0.4)
Current period gains (losses) recognized in OCI	0	(0.1)
Gains (losses) recorded in AOCI, end of period	0	(0.4)
Commodity contracts | Cash Flow Hedging | Cost of sales
Movement in Accumulated Other Comprehensive Income [Roll Forward]
Losses (gains) reclassified from AOCI to earnings	$ 0	$ 0.1

Derivatives - Derivatives not D

Derivatives - Derivatives not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Derivatives not designated as hedging instruments: | Foreign currency contracts | Other operating income (expense)
Derivative [Line Items]
Foreign currency contracts	$ (4.8)	$ 0.9

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 4.4	$ 4.5	$ 5.1
Liabilities	0	0	0
Level 1 | US Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	4.4	4.5	5.1
Level 1 | Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Liabilities	0	0	0
Level 1 | US government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Level 1 | Corporate bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	8.4	8.1	9.5
Liabilities	(2.8)	(1.3)	(0.8)
Level 2 | US Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0
Level 2 | Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.2	0.3	0.2
Liabilities	(2.8)	(1.3)	(0.8)
Level 2 | US government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2	2	3.1
Level 2 | Corporate bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5.2	5.8	6.2
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	12.8	12.6	14.6
Liabilities	(2.8)	(1.3)	(0.8)
Carrying Value | US Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	4.4	4.5	5.1
Carrying Value | Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.2	0.3	0.2
Liabilities	(2.8)	(1.3)	(0.8)
Carrying Value | US government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2	2	3.1
Carrying Value | Corporate bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 5.2	$ 5.8	$ 6.2

Fair Value Measurement - Outsta

Fair Value Measurement - Outstanding Debt (Details) - Senior Notes - Level 2 - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt:	$ 147.1	$ 147.1	$ 146.8
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt:	$ 147.2	$ 150	$ 150.8

Loans, Overdrafts and Long-te_3

Loans, Overdrafts and Long-term Debt - Loans, overdrafts and long-term debt (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021
Debt Instrument [Line Items]
Gross debt	$ 147.7	$ 147.7	$ 147.6
Less: Unamortized debt issuance costs	(0.6)	(0.6)	(0.8)
Total long-term debt	147.1	147.1	146.8
Senior unsecured notes due 2024, net of unamortized discount | Senior Unsecured Notes
Debt Instrument [Line Items]
Gross debt	$ 147.7	$ 147.7	$ 147.6

Loans, Overdrafts and Long-te_4

Loans, Overdrafts and Long-term Debt - Narrative (Details) - USD ($)	Sep. 05, 2019	Apr. 30, 2022	Jul. 28, 2021	Sep. 27, 2019	Sep. 06, 2019	May 19, 2014
Senior Unsecured Notes Due in 2024 | Senior Unsecured Notes
Debt Instrument [Line Items]
Face amount					$ 147,800,000
Repayments of senior debt	$ 239,600,000
Redemption price per $1,000 of principal amount	$ 950
Senior Unsecured Notes Due in 2024 | Senior Unsecured Notes | Signet UK Finance plc
Debt Instrument [Line Items]
Face amount						$ 400,000,000
Stated interest rate						4.70%
Senior Asset-Based Credit Facility | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				$ 1,500,000,000
Additional borrowing capacity			$ 600,000,000
Available borrowing capacity		$ 1,200,000,000
Senior Asset-Based Credit Facility | Line of Credit | Term Loan Facility
Debt Instrument [Line Items]
Face amount				$ 100,000,000

Warranty Reserve - Warranty Res

Warranty Reserve - Warranty Reserve Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserve, beginning of period	$ 36	$ 37.3
Warranty expense	4.7	0.7
Utilized	(3)	(2.5)
Warranty reserve, end of period	$ 37.7	$ 35.5

Warranty Reserve (Details)

Warranty Reserve (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 29, 2022	May 01, 2021	Jan. 30, 2021
Other Liabilities Disclosure [Abstract]
Current liabilities	$ 10.6	$ 10.2	$ 10.2
Other liabilities - non-current	27.1	25.8	25.3
Total warranty reserve	$ 37.7	$ 36	$ 35.5	$ 37.3

Other operating and non-opera_3

Other operating and non-operating income (expense) - Components of Other Operating Income (Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Other Income and Expenses [Abstract]
Litigation charges	$ (190)	$ 0
Interest income from customer in-house finance receivables	0	4
Other	(0.4)	(1.7)
Other operating income (expense)	$ (190.4)	$ 2.3

Other operating and non-opera_4

Other operating and non-operating income (expense) - Components of Other Non-Operating Income (Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Other Income and Expenses [Abstract]
Pension settlement	$ (131.9)	$ 0
Other	(2.6)	0.1
Other non-operating income (expense)	$ (134.5)	$ 0.1

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Aug. 01, 2016plaintiff	Feb. 02, 2015plaintiff	Oct. 29, 2022USD ($)	Apr. 30, 2022USD ($)claim	May 01, 2021USD ($)	Aug. 01, 2020USD ($)	Feb. 01, 2020USD ($)	Jan. 29, 2022USD ($)	Jan. 30, 2021USD ($)
Loss Contingencies [Line Items]
Pre-tax litigation charges				$ 190	$ 0
EPA Collective Action
Loss Contingencies [Line Items]
Number of employees opted in lawsuit (employee) (plaintiff) | plaintiff	9,124	70,000
Pre-tax litigation charges				$ 190
EPA Collective Action | Scenario, Forecast
Loss Contingencies [Line Items]
Payments for legal settlements			$ 175
Shareholder Actions
Loss Contingencies [Line Items]
Payments for legal settlements						$ 35
Gain (loss) related to litigation settlement								$ (1.7)	$ (7.5)
Insurance recoveries							$ 207.4
Litigation settlement, amount awarded to other party						$ 240
New claims filed, number | claim				4
Other operating income (expense) | Shareholder Actions
Loss Contingencies [Line Items]
Gain (loss) related to litigation settlement							(33.2)
Legal fees							$ 0.6

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) £ in Millions, $ in Millions	Mar. 23, 2022GBP (£)	Mar. 23, 2022USD ($)	Aug. 04, 2021GBP (£)	Aug. 04, 2021USD ($)	Apr. 30, 2022USD ($)	May 01, 2021USD ($)	Apr. 30, 2022GBP (£)	Apr. 30, 2022USD ($)	Apr. 30, 2022USD ($)	Jul. 29, 2021employee
Defined Contribution Plan [Line Items]
Number of pension scheme members | employee										1,909
Pension scheme | Foreign Plan
Defined Contribution Plan [Line Items]
Pre-tax non-cash settlement charges | $					$ 131.9	$ 0
Signet Group Limited | Pension scheme
Defined Contribution Plan [Line Items]
Contributions by employer							£ 14	$ 18.9
Defined benefit plan, initial contribution amount			£ 7	$ 9.7
Additional contribution amount	£ 7	$ 9.2
Defined benefit plan, expected future employer contributions, amount							£ 2		$ 2.7

Retirement Plans - Components o

Retirement Plans - Components of Net Periodic Pension Cost (Details) - Pension plan - Foreign Plan - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ (0.9)	$ (1)
Expected return on plan assets	0.6	1.3
Amortization of unrecognized actuarial losses	(0.9)	(0.2)
Amortization of unrecognized net prior service costs	(0.1)	0
Pension settlement loss	(131.9)	0
Total net periodic benefit (cost) income	$ (133.2)	$ 0.1