Signet Jewelers Limited (SIG) 10-Q 8 Jun 23 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Apr. 29, 2023	Jun. 02, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 29, 2023
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		45,408,751
Amendment flag	false
Document fiscal year focus	2024
Document fiscal period focus	Q1
Entity Central Index Key	0000832988
Current Fiscal Year End Date	--02-03

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Income Statement [Abstract]
Sales	$ 1,668	$ 1,838.3
Cost of sales	(1,036)	(1,114.6)
Gross margin	632	723.7
Selling, general and administrative expenses	(530.4)	(533.1)
Other operating income (expense)	0.1	(190.4)
Operating income	101.7	0.2
Interest income (expense), net	5.6	(4.4)
Other non-operating expense, net	(0.4)	(134.5)
Income (loss) before income taxes	106.9	(138.7)
Income taxes	(9.5)	55.2
Net income (loss)	97.4	(83.5)
Dividends on redeemable convertible preferred shares	(8.6)	(8.6)
Net income (loss) attributable to common shareholders	$ 88.8	$ (92.1)
Earnings (loss) per common share:
Basic (usd per share)	$ 1.96	$ (1.89)
Diluted (usd per share)	$ 1.79	$ (1.89)
Weighted average common shares outstanding:
Basic (in shares)	45.3	48.8
Diluted (in shares)	54.5	48.8

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Pre-tax amount
Foreign currency translation adjustments	$ 1.2	$ (16.8)
Available-for-sale securities:
Unrealized loss	0	(0.3)
Cash flow hedges:
Unrealized (loss) gain	(0.2)	1.2
Reclassification adjustment for gains to earnings	(0.5)	0
Pension plan:
Actuarial loss	0	(0.5)
Reclassification adjustment for amortization of actuarial losses to earnings	0	0.9
Reclassification adjustment for amortization of net prior service costs to earnings	0	0.1
Reclassification adjustment for pension settlement (gain) loss to earnings	0.2	131.9
Total other comprehensive (loss) income	0.7	116.5
Tax (expense) benefit
Foreign currency translation adjustments	0	0
Available-for-sale securities:
Unrealized loss	0	0
Cash flow hedges:
Unrealized (loss) gain	0	(0.2)
Reclassification adjustment for gains to earnings	0.1	0
Pension plan:
Actuarial loss	0	0.1
Reclassification adjustment for amortization of actuarial losses to earnings	0	(0.2)
Reclassification adjustment for amortization of net prior service costs to earnings	0	0
Reclassification adjustment for pension settlement (gain) loss to earnings	(4.1)	(25)
Total other comprehensive (loss) income	(4)	(25.3)
After-tax amount
Net income (loss)	97.4	(83.5)
Foreign currency translation adjustments	1.2	(16.8)
Available-for-sale securities:
Unrealized loss	0	(0.3)
Cash flow hedges:
Unrealized (loss) gain	(0.2)	1
Reclassification adjustment for gains to earnings	(0.4)	0
Pension plan:
Actuarial loss	0	(0.4)
Reclassification adjustment for amortization of actuarial losses to earnings	0	0.7
Reclassification adjustment for amortization of net prior service costs to earnings	0	0.1
Reclassification adjustment for pension settlement (gain) loss to earnings	(3.9)	106.9
Total other comprehensive (loss) income	(3.3)	91.2
Total comprehensive income	$ 94.1	$ 7.7

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 655.9	$ 1,166.8	$ 927.6
Accounts receivable	19.8	14.5	17.1
Other current assets	178.5	165.9	209.9
Income taxes	45.4	9.6	144.7
Inventories	2,183.5	2,150.3	2,216.2
Total current assets	3,083.1	3,507.1	3,515.5
Non-current assets:
Property, plant and equipment, net of accumulated depreciation and amortization of $1,372.8 (January 28, 2023 and April 30, 2022: $1,352.7 and $1,265.9, respectively)	568.2	586.5	561.1
Operating lease right-of-use assets	1,072.7	1,049.3	1,141.8
Goodwill	751.4	751.7	486.4
Intangible assets, net	406.8	407.4	313.5
Other assets	286.2	281.7	232.4
Deferred tax assets	37	36.7	35.6
Total assets	6,205.4	6,620.4	6,286.3
Current liabilities:
Accounts payable	701.5	879	880.7
Accrued expenses and other current liabilities	378.1	638.7	610.6
Deferred revenue	368.7	369.5	336.9
Operating lease liabilities	273.9	288.2	287.2
Income taxes	53.3	72.7	24.4
Total current liabilities	1,775.5	2,248.1	2,139.8
Non-current liabilities:
Long-term debt	147.5	147.4	147.1
Operating lease liabilities	902	894.7	948.1
Other liabilities	96.8	100.1	103.7
Deferred revenue	874.9	880.1	867.1
Deferred tax liabilities	172.9	117.6	171.1
Total liabilities	3,969.6	4,388	4,376.9
Commitments and contingencies
Redeemable Series A Convertible Preference Shares $0.01 par value: authorized 500 shares, 0.625 shares outstanding (January 28, 2023 and April 30, 2022: 0.625 shares outstanding, respectively)	654.3	653.8	652.6
Shareholders’ equity:
Common shares of $0.18 par value: authorized 500 shares, 45.4 shares outstanding (January 28, 2023 and April 30, 2022: 44.9 and 46.5 outstanding, respectively)	12.6	12.6	12.6
Additional paid-in capital	210.5	259.7	236.8
Other reserves	0.4	0.4	0.4
Treasury shares at cost: 24.6 shares (January 28, 2023 and April 30, 2022: 25.1 and 23.5 shares, respectively)	(1,556.5)	(1,574.7)	(1,474.2)
Retained earnings	3,182	3,144.8	2,740.9
Accumulated other comprehensive loss	(267.5)	(264.2)	(259.7)
Total shareholders’ equity	1,581.5	1,578.6	1,256.8
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	$ 6,205.4	$ 6,620.4	$ 6,286.3

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Accumulated depreciation	$ 1,372.8	$ 1,352.7	$ 1,265.9
Common shares, par value (usd per share)	$ 0.18	$ 0.18	$ 0.18
Common shares, authorized (in shares)	500,000,000	500,000,000	500,000,000
Common shares, outstanding (in shares)	45,400,000	44,900,000	46,500,000
Treasury shares, common (in shares)	24,600,000	25,100,000	23,500,000
Series A Redeemable Convertible Preferred Stock
Preferred shares, par value (usd per share)	$ 0.01	$ 0.01	$ 0.01
Preferred shares, authorized (in shares)	500,000,000	500,000,000	500,000,000
Preferred shares, outstanding (in shares)	625,000	625,000	625,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Operating activities
Net income (loss)	$ 97.4	$ (83.5)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	43.1	40
Amortization of unfavorable contracts	(0.5)	(0.5)
Share-based compensation	11.3	10.5
Deferred taxation	51.5	(14.9)
Pension settlement loss	0.2	131.9
Other non-cash movements	2.3	5.1
Changes in operating assets and liabilities, net of acquisitions:
(Increase) decrease in accounts receivable	(5.4)	2.8
Increase in other assets and other receivables	(22.2)	(7.3)
Increase in inventories	(29.8)	(167.3)
Decrease in accounts payable	(170.3)	(23.6)
(Decrease) increase in accrued expenses and other liabilities	(264.9)	105.1
Change in operating lease assets and liabilities	(31.3)	(4.4)
(Decrease) increase in deferred revenue	(7.8)	5.4
Change in income tax receivable and payable	(55.4)	(125.6)
Pension plan contributions	0	(9.2)
Net cash used in operating activities	(381.8)	(135.5)
Investing activities
Purchase of property, plant and equipment	(27.1)	(20.8)
Acquisitions	0	(1.9)
Other investing activities, net	0	0.5
Net cash used in investing activities	(27.1)	(22.2)
Financing activities
Dividends paid on common shares	(9)	(9)
Dividends paid on redeemable convertible preferred shares	(8.2)	(8.2)
Repurchase of common shares	(39.1)	(268.2)
Other financing activities, net	(44.4)	(40.2)
Net cash used in financing activities	(100.7)	(325.6)
Cash and cash equivalents at beginning of period	1,166.8	1,418.3
Decrease in cash and cash equivalents	(509.6)	(483.3)
Effect of exchange rate changes on cash and cash equivalents	(1.3)	(7.4)
Cash and cash equivalents at end of period	$ 655.9	$ 927.6

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Shareholders' Equity - 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. 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	(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)
Beginning Balance at Jan. 28, 2023	1,578.6	12.6	259.7	0.4	(1,574.7)	3,144.8	(264.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	97.4					97.4
Other comprehensive income (loss)	(3.3)						(3.3)
Dividends declared: Common shares	(10.4)					(10.4)
Dividends declared: Preferred shares	(8.6)					(8.6)
Repurchase of common shares	(39.1)				(39.1)
Net settlement of equity-based awards	(44.4)		(60.5)		57.3	(41.2)
Share-based compensation expense	11.3		11.3
Ending Balance at Apr. 29, 2023	$ 1,581.5	$ 12.6	$ 210.5	$ 0.4	$ (1,556.5)	$ 3,182	$ (267.5)

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, dividends (usd per share)	$ 0.23	$ 0.20
Preferred stock, dividends (usd per share)	$ 13.14	$ 13.14

Organization and principal acco

Organization and principal accounting policies	3 Months Ended
	Apr. 29, 2023
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 for a substantial portion of the annual operating profit. 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” or “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. The results for interim periods are not necessarily indicative of the results that may be expected for any other interim period. These condensed consolidated financial statements should 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 28, 2023 filed with the SEC on March 16, 2023. 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 reported periods. Actual results could differ from those estimates. Estimates and assumptions are primarily made in relation to the valuation of inventories, deferred revenue, employee compensation, 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 2024 and Fiscal 2023 refer to the 53-week period ending February 3, 2024 and the 52-week period ended January 28, 2023, respectively. Within these condensed consolidated financial statements, the first quarter of the relevant fiscal years 2024 and 2023 refer to the 13 weeks ended April 29, 2023 and April 30, 2022, 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 reportable segment and Canada as part of the North America reportable segment, are consolidated using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange on the condensed consolidated balance sheet dates, 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 within other operating income (expense) 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. 29, 2023
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 2024 that have had 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 but not yet adopted that are expected to have a material impact on the Company’s financial position or results of operations in future periods.

Revenue recognition

Revenue recognition	3 Months Ended
	Apr. 29, 2023
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 29, 2023 and April 30, 2022: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by banner: Kay $ 602.2 $ — $ — $ 602.2 $ 667.3 $ — $ — $ 667.3 Zales 295.4 — — 295.4 347.7 — — 347.7 Jared 274.0 — — 274.0 314.1 — — 314.1 Digital banners (1) (2) 168.2 — — 168.2 93.3 93.3 Diamonds Direct 88.2 — — 88.2 106.3 — — 106.3 Banter by Piercing Pagoda 85.5 — — 85.5 119.0 — — 119.0 Peoples 38.2 — — 38.2 45.4 — — 45.4 International segment banners — 93.0 — 93.0 — 110.0 — 110.0 Other (3) 9.5 — 13.8 23.3 11.9 — 23.3 35.2 Total sales $ 1,561.2 $ 93.0 $ 13.8 $ 1,668.0 $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 (1) Includes sales from the Company’s digital banners, James Allen and Blue Nile. (2) Includes Blue Nile sales since the date of acquisition on August 19, 2022. See Note 4 for further details. (3) Other primarily includes sales from Signet’s diamond sourcing initiative, loose diamonds and Rocksbox. The following table provides the Company’s total sales, disaggregated by major product, for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions) North America International Other Consolidated North America (3) International Other Consolidated Sales by product: Bridal $ 727.7 $ 41.0 $ — $ 768.7 $ 800.7 $ 50.1 $ — $ 850.8 Fashion 571.4 15.6 — 587.0 656.5 17.7 — 674.2 Watches 44.8 30.1 — 74.9 51.5 35.2 — 86.7 Services (1) 175.8 6.3 — 182.1 166.0 7.0 — 173.0 Other (2) 41.5 — 13.8 55.3 30.3 — 23.3 53.6 Total sales $ 1,561.2 $ 93.0 $ 13.8 $ 1,668.0 $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 (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. (3) Certain amounts have been reclassified between the bridal, fashion, and other categories to conform to the Company’s current product categorizations. The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by channel: Store $ 1,191.0 $ 76.8 $ — $ 1,267.8 $ 1,396.5 $ 89.9 $ — $ 1,486.4 E-commerce 364.4 16.2 — 380.6 300.4 20.1 — 320.5 Other (1) 5.8 — 13.8 19.6 8.1 — 23.3 31.4 Total sales $ 1,561.2 $ 93.0 $ 13.8 $ 1,668.0 $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 (1) Other primarily includes sales from Signet’s diamond sourcing initiative and loose diamonds. 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 either the overall claims pattern or the life over which the Company is expected to fulfill its obligations under the warranty, could result in material change to revenues. All direct costs associated with the sale of ESP 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 ESP selling costs Unamortized deferred ESP selling costs as of April 29, 2023, January 28, 2023 and April 30, 2022 were as follows: (in millions) April 29, 2023 January 28, 2023 April 30, 2022 Other current assets $ 28.4 $ 29.2 $ 27.9 Other assets 84.1 85.4 87.3 Total deferred ESP selling costs $ 112.5 $ 114.6 $ 115.2 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 $10.9 million d uring the 13 weeks ended April 29, 2023 and $10.8 million during the 13 weeks ended April 30, 2022. Deferred revenue Deferred revenue as of April 29, 2023, January 28, 2023 and April 30, 2022 was as follows: (in millions) April 29, 2023 January 28, 2023 April 30, 2022 ESP deferred revenue $ 1,149.4 $ 1,159.5 $ 1,125.9 Other deferred revenue (1) 94.2 90.1 78.1 Total deferred revenue $ 1,243.6 $ 1,249.6 $ 1,204.0 Disclosed as: Current liabilities $ 368.7 $ 369.5 $ 336.9 Non-current liabilities 874.9 880.1 867.1 Total deferred revenue $ 1,243.6 $ 1,249.6 $ 1,204.0 (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 29, 2023 April 30, 2022 ESP deferred revenue, beginning of period $ 1,159.5 $ 1,116.5 Plans sold (1) 113.4 123.8 Revenue recognized (2) (123.5) (114.4) ESP deferred revenue, end of period $ 1,149.4 $ 1,125.9 (1) Includes impact of foreign exchange translation. (2) The Company recognized sale s o f $86.7 million and $79.2 million during the 13 weeks ended April 29, 2023 and April 30, 2022, respectively, related to deferred revenue that existed at the beginning of the period in respect to ESP.

Acquisitions

Acquisitions	3 Months Ended
	Apr. 29, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Blue Nile On August 19, 2022, the Company acquired all of the outstanding shares of Blue Nile, Inc. (“Blue Nile”), subject to the terms of a stock purchase agreement entered into on August 5, 2022. The total cash consideration was $389.9 million, net of cash acquired of $16.6 million, including purchase price adjustments for working capital. Blue Nile is a leading online retailer of engagement rings and fine jewelry. The strategic acquisition of Blue Nile accelerates Signet's initiatives to expand its bridal offerings and grow its accessible luxury portfolio while enhancing its connected commerce capabilities as well as extending its digital leadership across the jewelry category – all to further achieve meaningful operating synergies to enhance shopping experiences for consumers and create value for shareholders. 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 replacement cost method. 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 preliminary estimated fair value of the assets acquired and liabilities assumed from Blue Nile at the date of acquisition: (in millions) Inventories $ 87.9 Property, plant and equipment 33.1 Operating lease right-of-use assets 39.1 Intangible assets 96.0 Other assets 21.0 Identifiable assets acquired 277.1 Accounts payable 73.2 Deferred revenue 16.5 Operating lease liabilities 38.5 Other liabilities 16.6 Liabilities assumed 144.8 Identifiable net assets acquired 132.3 Goodwill 257.6 Net assets acquired $ 389.9 The Company recorded acquired intangible assets of $96.0 million, consisting entirely of an indefinite-lived trade name. In addition, the Company acquired federal net operating loss and other carryforwards of approximately $85 million and $71 million, respectively. Such amounts are subject to certain limitations under Section 382 of the Internal Revenue Code, and generally do not expire. 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 Blue Nile acquisition is primarily the result of expected synergies resulting from combining the merchandising and sourcing activities of the Company’s digital banners, as well as efficiencies in marketing and other aspects of the combined operations. 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 Blue Nile 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. 29, 2023
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, as well as online, principally as Kay (Kay Jewelers and Kay Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared The Galleria Of Jewelry and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and digital banners, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewellers. The International reportable segment operates stores in the UK, Republic of Ireland and Channel Islands, as well as online. Its stores operate in 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 29, 2023 April 30, 2022 Sales: North America segment $ 1,561.2 $ 1,705.0 International segment 93.0 110.0 Other segment 13.8 23.3 Total sales $ 1,668.0 $ 1,838.3 Operating income (loss): North America segment (1) $ 124.7 $ 24.8 International segment (6.9) (6.4) Other segment (0.7) 3.0 Corporate and unallocated expenses (15.4) (21.2) Total operating income 101.7 0.2 Interest income (expense), net 5.6 (4.4) Other non-operating expense, net (0.4) (134.5) Income (loss) before income taxes $ 106.9 $ (138.7) (1) Operating income during the 13 weeks ended April 29, 2023 includes $7.8 million of integration costs, primarily severance and retention, and exit and disposal costs incurred for the integration of Blue Nile and a $3.0 million credit to income related to the adjustment of a prior litigation accrual. 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 20 for additional information.

Redeemable preferred shares

Redeemable preferred shares	3 Months Ended
	Apr. 29, 2023
Temporary Equity [Abstract]
Redeemable preferred shares	Redeemable preferred shares On October 5, 2016, the Company issued 625,000 redeemable Series A 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 2024 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 29, 2023 January 28, 2023 April 30, 2022 Conversion rate 12.3939 12.3939 12.2297 Conversion price $ 80.6849 $ 80.6849 $ 81.7682 Potential impact of preferred shares if-converted to common shares 8.1 8.1 8.0 Liquidation preference (1) $ 665.1 $ 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 $11.1 million as of April 29, 2023 (January 28, 2023 and April 30, 2022: $10.7 million and $9.4 million, respectively). Accretion of $0.4 million was recorded to Preferred Shares in the condensed consolidated balance sheets during the 13 weeks ended April 29, 2023 ($0.4 million for the 13 weeks ended April 30, 2022).

Shareholders' equity

Shareholders' equity	3 Months Ended
	Apr. 29, 2023
Equity [Abstract]
Shareholders' equity	Shareholders’ equity Dividends on Common Shares Dividends declared on the common shares during the 13 weeks ended April 29, 2023 and April 30, 2022 were as follows: Fiscal 2024 Fiscal 2023 (in millions, except per share amounts) Dividends Total dividends Dividends Total dividends First quarter (1) $ 0.23 $ 10.4 $ 0.20 $ 9.3 (1) Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of April 29, 2023 and April 30, 2022, there was $10.4 million and $9.3 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the first quarter of Fiscal 2024 and Fiscal 2023, respectively. Dividends on Preferred Shares Dividends declared on the Preferred Shares during the 13 weeks ended April 29, 2023 and April 30, 2022 were as follows: Fiscal 2024 Fiscal 2023 (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 dividend payment date being a quarter in arrears from the declaration date. As of April 29, 2023 and April 30, 2022, there was $8.2 million and $8.2 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on the Preferred Shares declared for the first quarter of Fiscal 2024 and Fiscal 2023, 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 29, 2023 or April 30, 2022. See Note 6 for additional discussion of the Company’s Preferred Shares. Share repurchases Signet may from time to time repurchase common shares under various share repurchase programs authorized by Signet’s Board. Repurchases may be made in the open market, through block trades, through accelerated share repurchase agreements or otherwise. The timing, manner, price and amount of any repurchases will be determined by the Company at its discretion and will be subject to economic and market conditions, stock prices, applicable legal requirements and other factors. The repurchase programs are funded through Signet’s existing cash reserves and liquidity sources. Repurchased shares are held as treasury shares and used by Signet primarily for issuance of share based awards, or for general corporate purposes. Signet’s Board of Directors (the “Board”) authorized repurchases to be made under the 2017 Share Repurchase Program (the “2017 Program”). Through the end of Fiscal 2023, the total authorization under the 2017 Program had been increased to $1.7 billion, with $537.3 million remaining as of January 28, 2023. In March 2023, the Board approved a further increase to the multi-year authorization under the 2017 Program bringing the total remaining authorization to approximately $775 million. Since inception of the 2017 Program, the Company has repurchased approximately $1.2 billion of shares, with an additional $761.2 million of shares authorized for repurchase remaining as of April 29, 2023. 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 29, 2023 and April 30, 2022 was as follows: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions, except per share amounts Shares repurchased Amount repurchased (2) Average repurchase price per share (2) Shares repurchased Amount repurchased (1)(2) Average repurchase price per share (2) 2017 Program 0.5 $ 39.1 $ 74.95 4.3 $ 318.2 $ 73.42 (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. 29, 2023
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 29, 2023 April 30, 2022 Numerator: Net income (loss) attributable to common shareholders $ 88.8 $ (92.1) Denominator: Weighted average common shares outstanding 45.3 48.8 EPS – basic $ 1.96 $ (1.89) The dilutive effect of share awards represents the potential impact of outstanding awards issued under the Company’s share-based compensation plans, including RSAs, RSUs, PSUs, 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 periods. 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 29, 2023 April 30, 2022 Numerator: Net income (loss) attributable to common shareholders $ 88.8 $ (92.1) Add: Dividends on preferred shares 8.6 — Numerator for diluted EPS $ 97.4 $ (92.1) Denominator: Basic weighted average common shares outstanding 45.3 48.8 Plus: Dilutive effect of share awards 1.1 — Plus: Dilutive effect of preferred shares 8.1 — Diluted weighted average common shares outstanding 54.5 48.8 EPS – diluted $ 1.79 $ (1.89) The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be antidilutive: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Share awards — 2.4 Potential impact of preferred shares — 8.0 Total antidilutive shares — 10.4

Accumulated other comprehensive

Accumulated other comprehensive income (loss)	3 Months Ended
	Apr. 29, 2023
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 28, 2023 $ (268.4) $ (0.2) $ 0.5 $ 3.9 $ — $ (264.2) Other comprehensive income (loss) (“OCI”) before reclassifications 1.2 — (0.2) — — 1.0 Amounts reclassified from AOCI to earnings — — (0.4) (3.9) — (4.3) Net current period OCI 1.2 — (0.6) (3.9) — (3.3) Balance at April 29, 2023 $ (267.2) $ (0.2) $ (0.1) $ — $ — $ (267.5) The amounts reclassified from AOCI to earnings were as follows: Amounts reclassified from AOCI 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Statement of operations caption Gains on cash flow hedges: Foreign currency contracts $ (0.5) $ — Cost of sales (see Note 15) Total before income tax (0.5) — Income taxes 0.1 — Net of tax (0.4) — Defined benefit pension plan items: Amortization of unrecognized actuarial losses — 0.9 Other non-operating expense, net (see Note 21) Amortization of unrecognized net prior service costs — 0.1 Other non-operating expense, net (see Note 21) Pension settlement loss 0.2 131.9 Other non-operating expense, net (see Note 21) Total before income tax 0.2 132.9 Income taxes (4.1) (25.2) Net of tax (3.9) 107.7 Total reclassifications, net of tax $ (4.3) $ 107.7

Income taxes

Income taxes	3 Months Ended
	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Income taxes	Income taxes 13 weeks ended April 29, 2023 April 30, 2022 Estimated annual effective tax rate before discrete items 18.6 % 20.6 % Discrete items recognized (9.7) % 19.2 % Effective tax rate recognized in statements of operations 8.9 % 39.8 % During the 13 weeks ended April 29, 2023, the Company’s effective tax rate was lower than the US federal income tax rate, primarily as a result of the favorable impact of foreign rate differences and benefits from global reinsurance arrangements, as well as the discrete tax benefits recognized in the 13 weeks ended April 29, 2023. The discrete tax benefits relate to the reclassification of remaining taxes on the pension settlement out of AOCI of $4.1 million and the excess tax benefit for share-based compensation which vested during the quarter of $7.6 million. The Company’s effective tax rate for the same period during the prior year was higher than the US federal income tax rate primarily due to 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 first quarter of $13.0 million.

Credit transactions

Credit transactions	3 Months Ended
	Apr. 29, 2023
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 (“Program Agreements”) with Comenity and Genesis were amended and restated to provide credit services to prime and non-prime customers. In April 2023, the Program Agreements were further amended to, among other matters, extend the terms of the Program Agreements from December 31, 2025 to December 31, 2028.

Inventories

Inventories	3 Months Ended
	Apr. 29, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories The following table summarizes the details of the Company’s inventories: (in millions) April 29, 2023 January 28, 2023 April 30, 2022 Raw materials $ 69.0 $ 89.2 $ 107.2 Merchandise inventories 2,114.5 2,061.1 2,109.0 Total inventories $ 2,183.5 $ 2,150.3 $ 2,216.2

Leases

Leases	3 Months Ended
	Apr. 29, 2023
Leases [Abstract]
Leases	Leases Total lease costs consist of the following: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Operating lease cost $ 99.1 $ 97.4 Short-term lease cost 11.9 12.7 Variable lease cost 26.0 29.4 Sublease income (0.2) (0.6) Total lease costs $ 136.8 $ 138.9

Goodwill and intangibles

Goodwill and intangibles	3 Months Ended
	Apr. 29, 2023
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 2023 During the 13 weeks ended April 30, 2022, the Company completed its quarterly triggering event assessment and 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 exceeded their fair values. In connection with the acquisition of Blue Nile on August 19, 2022, the Company recognized $96.0 million of indefinite-lived intangible assets and $257.6 million of goodwill, which are reported in the North America reportable segment. Refer to Note 4 for additional information. Fiscal 2024 During the 13 weeks ended April 29, 2023, the Company completed its quarterly triggering event assessment and 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 exceeded their fair values. The uncertainty related to the current macroeconomic environment, such as rising interest rates and the heightened inflationary pressure on consumers’ discretionary spending, could negatively affect the share price of the Company’s stock, as well as key assumptions used to estimate fair value, such as sales trends, margin trends, long-term growth rates and discount rates. Thus, an adverse change in any of these factors could result in a risk of impairment in the Company’s goodwill or indefinite-lived trade names in future periods, including those from recent acquisitions. Goodwill The following table summarizes the Company’s goodwill by reportable segment: (in millions) North America Balance at January 28, 2023 (1) $ 751.7 Acquisitions (2) (0.3) Balance at April 29, 2023 (1) $ 751.4 (1) The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of April 29, 2023 and January 28, 2023. (2) The change in goodwill during the period primarily represents measurement period adjustments from the acquisition of Blue Nile. 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 29, 2023 January 28, 2023 April 30, 2022 (in millions) Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Intangible assets, net: Definite-lived intangible assets $ 15.8 $ (8.1) $ 7.7 $ 15.8 $ (7.6) $ 8.2 $ 15.8 $ (5.9) $ 9.9 Indefinite-lived intangible assets (1) 399.1 — 399.1 399.2 — 399.2 303.6 — 303.6 Total intangible assets, net $ 414.9 $ (8.1) $ 406.8 $ 415.0 $ (7.6) $ 407.4 $ 319.4 $ (5.9) $ 313.5 Intangible liabilities, net $ (38.0) $ 33.1 $ (4.9) $ (38.0) $ 32.6 $ (5.4) $ (38.0) $ 31.3 $ (6.7) (1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Blue Nile trade name of $96.0 million and the impact of foreign currency translation.

Derivatives

Derivatives	3 Months Ended
	Apr. 29, 2023
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 only risk that the Company is currently utilizing financial derivatives to mitigate is foreign currency risk. Signet does not enter into derivative transactions for speculative purposes. The following types of derivative financial instruments are utilized by Signet to mitigate certain risk exposures related to changes in 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 29, 2023 was $16.6 million (January 28, 2023 and April 30, 2022: $25.9 million and $18.8 million, respectively). These contracts have been designated as cash flow hedges and will be settled over the next 9 months (January 28, 2023 and April 30, 2022: 12 months and 11 months, respectively). The fair value of outstanding contracts as well as related activity were not material for the periods presented. There were no discontinued cash flow hedges during the 13 weeks ended April 29, 2023 and April 30, 2022 as all forecasted transactions are expected to occur as originally planned. As of April 29, 2023, based on current valuations, the Company expects approximately $0.1 million of net pre-tax derivative losses to be reclassified out of AOCI into earnings within the next 12 months. 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 29, 2023 was $33.5 million (January 28, 2023 and April 30, 2022: $27.3 million and $95.5 million, respectively). The Company recognized losses of $0.2 million and $4.8 million during the 13 weeks ended April 29, 2023 and April 30, 2022, respectively, related to these derivative instruments within other operating expense in the condensed consolidated statements of operations.

Fair value measurement

Fair value measurement	3 Months Ended
	Apr. 29, 2023
Fair Value Disclosures [Abstract]
Fair value measurement	Fair value measurement The 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 29, 2023 January 28, 2023 April 30, 2022 (in millions) Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Assets: US Treasury securities $ 5.8 $ 5.8 $ — $ 5.7 $ 5.7 $ — $ 4.4 $ 4.4 $ — Foreign currency contracts 0.1 — 0.1 0.1 — 0.1 1.2 — 1.2 US government agency securities 0.5 — 0.5 0.5 — 0.5 2.0 — 2.0 Corporate bonds and notes 3.4 — 3.4 3.4 — 3.4 5.2 — 5.2 Total assets $ 9.8 $ 5.8 $ 4.0 $ 9.7 $ 5.7 $ 4.0 $ 12.8 $ 4.4 $ 8.4 Liabilities: Foreign currency contracts $ (0.7) $ — $ (0.7) $ (0.7) $ — $ (0.7) $ (2.8) $ — $ (2.8) Total liabilities $ (0.7) $ — $ (0.7) $ (0.7) $ — $ (0.7) $ (2.8) $ — $ (2.8) 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 have been determined based on market value equivalents on the condensed consolidated balance sheet date, taking into account the current interest rate environment, foreign currency forward rates, and therefore were classified as Level 2 measurements in the fair value hierarchy. See Note 15 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 value of long-term debt instruments 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 following table provides a summary of the carrying amount and fair value of outstanding debt: April 29, 2023 January 28, 2023 April 30, 2022 (in millions) Carrying Fair Value Carrying Fair Value Carrying Fair Value Long-term debt: Senior notes (Level 2) $ 147.5 $ 144.3 $ 147.4 $ 144.9 $ 147.1 $ 147.2

Loans, overdrafts and long-term

Loans, overdrafts and long-term debt	3 Months Ended
	Apr. 29, 2023
Debt Disclosure [Abstract]
Loans, overdrafts and long-term debt	Loans, overdrafts and long-term debt (in millions) April 29, 2023 January 28, 2023 April 30, 2022 Debt: Senior unsecured notes due 2024, net of unamortized discount $ 147.7 $ 147.7 $ 147.7 Gross debt $ 147.7 $ 147.7 $ 147.7 Less: Unamortized debt issuance costs (0.2) (0.3) (0.6) Total long-term debt $ 147.5 $ 147.4 $ 147.1 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. Interest on the Senior Notes is payable semi-annually on June 15 and December 15 of each year. 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 (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 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 no outstanding borrowings on the ABL Revolving Facility for the periods presented and its available borrowing capacity was $1.3 billion as of April 29, 2023.

Warranty reserve

Warranty reserve	3 Months Ended
	Apr. 29, 2023
Other Liabilities Disclosure [Abstract]
Warranty reserve	Warranty reserve Certain banners within the North America reportable segment provide 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 liabilities - non-current, is as follows: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Warranty reserve, beginning of period $ 40.8 $ 36.0 Warranty expense 3.5 4.7 Utilized (1) (3.0) (3.0) Warranty reserve, end of period $ 41.3 $ 37.7 (1) Includes impact of foreign exchange translation. (in millions) April 29, 2023 January 28, 2023 April 30, 2022 Disclosed as: Accrued expense and other current liabilities $ 11.4 $ 11.3 $ 10.6 Other liabilities - non-current 29.9 29.5 27.1 Total warranty reserve $ 41.3 $ 40.8 $ 37.7

Other operating income (expense

Other operating income (expense) and non-operating expense, net	3 Months Ended
	Apr. 29, 2023
Other Income and Expenses [Abstract]
Other operating income (expense) and non-operating expense, net	Other operating income (expense) and non-operating expense, net The following table provides the components of other operating income (expense) for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Litigation charges (1) $ 3.0 $ (190.0) Other (2.9) (0.4) Other operating income (expense) $ 0.1 $ (190.4) (1) Fiscal 2024 includes a credit to income related to the adjustment of a prior litigation accrual. See Note 20 for additional information. The following table provides the components of other non-operating expense, net for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Pension settlement loss (1) $ (0.2) $ (131.9) Other (0.2) (2.6) Other non-operating expense, net $ (0.4) $ (134.5) (1) See Note 21 for additional information.

Commitments and contingencies

Commitments and contingencies	3 Months Ended
	Apr. 29, 2023
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 was subject to preliminary and final approval after notice to the class. The settlement provides for the dismissal of the arbitration with prejudice and includes payments by the Company totaling approximately $175 million. As a result of the 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. This settlement charge included the payments to the Claimants, estimated employer payroll taxes, class administration fees and Claimants’ counsel attorney fees and costs. The arbitrator issued a preliminary approval of the settlement agreement on June 23, 2022 and a final approval order on November 15, 2022. The parties sought the SDNY’s confirmation of the arbitrator’s final approval award, and on March 14, 2023, received the order confirming the award. Based on the final assessment of employer payroll taxes due, the final settlement amount was reduced to approximately $185 million, which was fully funded by the Company in the first quarter of Fiscal 2024. Previously settled matters In February 2023, the Company received an unfavorable ruling under a private arbitration involving a dispute with a vendor alleging breach of contract. The matter was heard before the International Centre for Dispute Resolution, a division of the AAA. As a result of this ruling, during the fourth quarter of Fiscal 2023, the Company recorded a pre-tax charge of $15.9 million within other operating income (expense) in the consolidated statement of operations. This was paid in March 2023.

Retirement plans

Retirement plans	3 Months Ended
	Apr. 29, 2023
Retirement Benefits [Abstract]
Retirement plans	Retirement plans Signet provided a defined benefit pension plan in the UK (the “Pension Scheme”) to participating eligible employees. The Pension Scheme ceased to admit new employees effective April 2004. 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 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 £15.0 million to date (approximately $20.1 million) to the Pension Scheme to enable the Trustee to pay for any costs incurred by the Trustee as part of the Transactions. The Company expects to contribute up to $1.0 million to the Pension Scheme in Fiscal 2024, subject to the level of remaining funding required for the completion of the Transactions described above, including the wind-up of 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. As a result of the Deed Poll and Deed of Assignment, the Company 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 expense, net within the condensed consolidated statement of operations during the first quarter of Fiscal 2023. In the first quarter of Fiscal 2024, the Company recorded an additional non-cash, pre-tax settlement charge of $0.2 million within other non-operating expense, net within the condensed consolidated statement of operations. This charge was the result of the transfer of all remaining risks with respect to the final groups of participants from the Pension Scheme, which triggered settlement accounting. The settlement charges recorded in Fiscal 2023 and Fiscal 2024 relate to the pro-rata recognition of previously unrecognized actuarial losses and prior service costs out of AOCI and into earnings associated with the buy-out of the benefit obligation. No further amounts remain unrecognized in AOCI as of April 29, 2023. The components of net periodic benefit cost for the Pension Scheme are as follows: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Components of net periodic benefit cost: Interest cost $ — $ (0.9) Expected return on plan assets — 0.6 Amortization of unrecognized actuarial losses — (0.9) Amortization of unrecognized net prior service costs — (0.1) Pension settlement loss (0.2) (131.9) Total net periodic benefit cost $ (0.2) $ (133.2) All components of net periodic benefit cost are charged to other non-operating expense, net, in the condensed consolidated statements of operations.

Organization and principal ac_2

Organization and principal accounting policies (Policies)	3 Months Ended
	Apr. 29, 2023
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” or “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. The results for interim periods are not necessarily indicative of the results that may be expected for any other interim period. These condensed consolidated financial statements should 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 28, 2023 filed with the SEC on March 16, 2023.
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 reported periods. Actual results could differ from those estimates. Estimates and assumptions are primarily made in relation to the valuation of inventories, deferred revenue, employee compensation, 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 2024 and Fiscal 2023 refer to the 53-week period ending February 3, 2024 and the 52-week period ended January 28, 2023, respectively. Within these condensed consolidated financial statements, the first quarter of the relevant fiscal years 2024 and 2023 refer to the 13 weeks ended April 29, 2023 and April 30, 2022, 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 reportable segment and Canada as part of the North America reportable segment, are consolidated using the local currency as the functional currency. Assets and liabilities are translated at the rates of exchange on the condensed consolidated balance sheet dates, 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 within other operating income (expense) 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 recently adopted There were no new accounting pronouncements adopted during Fiscal 2024 that have had 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 but not yet adopted that are expected to have a material impact on the Company’s financial position or results of operations in future periods.

Revenue recognition (Tables)

Revenue recognition (Tables)	3 Months Ended
	Apr. 29, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table provides the Company’s total sales, disaggregated by banner, for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by banner: Kay $ 602.2 $ — $ — $ 602.2 $ 667.3 $ — $ — $ 667.3 Zales 295.4 — — 295.4 347.7 — — 347.7 Jared 274.0 — — 274.0 314.1 — — 314.1 Digital banners (1) (2) 168.2 — — 168.2 93.3 93.3 Diamonds Direct 88.2 — — 88.2 106.3 — — 106.3 Banter by Piercing Pagoda 85.5 — — 85.5 119.0 — — 119.0 Peoples 38.2 — — 38.2 45.4 — — 45.4 International segment banners — 93.0 — 93.0 — 110.0 — 110.0 Other (3) 9.5 — 13.8 23.3 11.9 — 23.3 35.2 Total sales $ 1,561.2 $ 93.0 $ 13.8 $ 1,668.0 $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 (1) Includes sales from the Company’s digital banners, James Allen and Blue Nile. (2) Includes Blue Nile sales since the date of acquisition on August 19, 2022. See Note 4 for further details. (3) Other primarily includes sales from Signet’s diamond sourcing initiative, loose diamonds and Rocksbox. The following table provides the Company’s total sales, disaggregated by major product, for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions) North America International Other Consolidated North America (3) International Other Consolidated Sales by product: Bridal $ 727.7 $ 41.0 $ — $ 768.7 $ 800.7 $ 50.1 $ — $ 850.8 Fashion 571.4 15.6 — 587.0 656.5 17.7 — 674.2 Watches 44.8 30.1 — 74.9 51.5 35.2 — 86.7 Services (1) 175.8 6.3 — 182.1 166.0 7.0 — 173.0 Other (2) 41.5 — 13.8 55.3 30.3 — 23.3 53.6 Total sales $ 1,561.2 $ 93.0 $ 13.8 $ 1,668.0 $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 (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. (3) Certain amounts have been reclassified between the bridal, fashion, and other categories to conform to the Company’s current product categorizations. The following table provides the Company’s total sales, disaggregated by channel, for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions) North America International Other Consolidated North America International Other Consolidated Sales by channel: Store $ 1,191.0 $ 76.8 $ — $ 1,267.8 $ 1,396.5 $ 89.9 $ — $ 1,486.4 E-commerce 364.4 16.2 — 380.6 300.4 20.1 — 320.5 Other (1) 5.8 — 13.8 19.6 8.1 — 23.3 31.4 Total sales $ 1,561.2 $ 93.0 $ 13.8 $ 1,668.0 $ 1,705.0 $ 110.0 $ 23.3 $ 1,838.3 (1) Other primarily includes sales from Signet’s diamond sourcing initiative and loose diamonds.
Schedule of Deferred ESP Selling Costs	Unamortized deferred ESP selling costs as of April 29, 2023, January 28, 2023 and April 30, 2022 were as follows: (in millions) April 29, 2023 January 28, 2023 April 30, 2022 Other current assets $ 28.4 $ 29.2 $ 27.9 Other assets 84.1 85.4 87.3 Total deferred ESP selling costs $ 112.5 $ 114.6 $ 115.2
Schedule of Deferred Revenue	Deferred revenue as of April 29, 2023, January 28, 2023 and April 30, 2022 was as follows: (in millions) April 29, 2023 January 28, 2023 April 30, 2022 ESP deferred revenue $ 1,149.4 $ 1,159.5 $ 1,125.9 Other deferred revenue (1) 94.2 90.1 78.1 Total deferred revenue $ 1,243.6 $ 1,249.6 $ 1,204.0 Disclosed as: Current liabilities $ 368.7 $ 369.5 $ 336.9 Non-current liabilities 874.9 880.1 867.1 Total deferred revenue $ 1,243.6 $ 1,249.6 $ 1,204.0 (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 29, 2023 April 30, 2022 ESP deferred revenue, beginning of period $ 1,159.5 $ 1,116.5 Plans sold (1) 113.4 123.8 Revenue recognized (2) (123.5) (114.4) ESP deferred revenue, end of period $ 1,149.4 $ 1,125.9 (1) Includes impact of foreign exchange translation. (2) The Company recognized sale s o f $86.7 million and $79.2 million during the 13 weeks ended April 29, 2023 and April 30, 2022, 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. 29, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Estimated Fair Value of Assets and Liabilities Assumed	The following table presents the preliminary estimated fair value of the assets acquired and liabilities assumed from Blue Nile at the date of acquisition: (in millions) Inventories $ 87.9 Property, plant and equipment 33.1 Operating lease right-of-use assets 39.1 Intangible assets 96.0 Other assets 21.0 Identifiable assets acquired 277.1 Accounts payable 73.2 Deferred revenue 16.5 Operating lease liabilities 38.5 Other liabilities 16.6 Liabilities assumed 144.8 Identifiable net assets acquired 132.3 Goodwill 257.6 Net assets acquired $ 389.9

Segment information (Tables)

Segment information (Tables)	3 Months Ended
	Apr. 29, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, By Segment	13 weeks ended (in millions) April 29, 2023 April 30, 2022 Sales: North America segment $ 1,561.2 $ 1,705.0 International segment 93.0 110.0 Other segment 13.8 23.3 Total sales $ 1,668.0 $ 1,838.3 Operating income (loss): North America segment (1) $ 124.7 $ 24.8 International segment (6.9) (6.4) Other segment (0.7) 3.0 Corporate and unallocated expenses (15.4) (21.2) Total operating income 101.7 0.2 Interest income (expense), net 5.6 (4.4) Other non-operating expense, net (0.4) (134.5) Income (loss) before income taxes $ 106.9 $ (138.7) (1) Operating income during the 13 weeks ended April 29, 2023 includes $7.8 million of integration costs, primarily severance and retention, and exit and disposal costs incurred for the integration of Blue Nile and a $3.0 million credit to income related to the adjustment of a prior litigation accrual. 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 20 for additional information.

Redeemable preferred shares (Ta

Redeemable preferred shares (Tables)	3 Months Ended
	Apr. 29, 2023
Temporary Equity [Abstract]
Schedule of Redeemable Preferred Shares	(in millions, except conversion rate and conversion price) April 29, 2023 January 28, 2023 April 30, 2022 Conversion rate 12.3939 12.3939 12.2297 Conversion price $ 80.6849 $ 80.6849 $ 81.7682 Potential impact of preferred shares if-converted to common shares 8.1 8.1 8.0 Liquidation preference (1) $ 665.1 $ 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. 29, 2023
Equity [Abstract]
Schedule of Dividends	Dividends declared on the common shares during the 13 weeks ended April 29, 2023 and April 30, 2022 were as follows: Fiscal 2024 Fiscal 2023 (in millions, except per share amounts) Dividends Total dividends Dividends Total dividends First quarter (1) $ 0.23 $ 10.4 $ 0.20 $ 9.3 (1) Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of April 29, 2023 and April 30, 2022, there was $10.4 million and $9.3 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the first quarter of Fiscal 2024 and Fiscal 2023, respectively. Dividends declared on the Preferred Shares during the 13 weeks ended April 29, 2023 and April 30, 2022 were as follows: Fiscal 2024 Fiscal 2023 (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 dividend payment date being a quarter in arrears from the declaration date. As of April 29, 2023 and April 30, 2022, there was $8.2 million and $8.2 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on the Preferred Shares declared for the first quarter of Fiscal 2024 and Fiscal 2023, respectively.
Schedule of Class of Treasury Stock	The share repurchase activity during the 13 weeks ended April 29, 2023 and April 30, 2022 was as follows: 13 weeks ended April 29, 2023 13 weeks ended April 30, 2022 (in millions, except per share amounts Shares repurchased Amount repurchased (2) Average repurchase price per share (2) Shares repurchased Amount repurchased (1)(2) Average repurchase price per share (2) 2017 Program 0.5 $ 39.1 $ 74.95 4.3 $ 318.2 $ 73.42 (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. 29, 2023
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 29, 2023 April 30, 2022 Numerator: Net income (loss) attributable to common shareholders $ 88.8 $ (92.1) Denominator: Weighted average common shares outstanding 45.3 48.8 EPS – basic $ 1.96 $ (1.89)
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 29, 2023 April 30, 2022 Numerator: Net income (loss) attributable to common shareholders $ 88.8 $ (92.1) Add: Dividends on preferred shares 8.6 — Numerator for diluted EPS $ 97.4 $ (92.1) Denominator: Basic weighted average common shares outstanding 45.3 48.8 Plus: Dilutive effect of share awards 1.1 — Plus: Dilutive effect of preferred shares 8.1 — Diluted weighted average common shares outstanding 54.5 48.8 EPS – diluted $ 1.79 $ (1.89)
Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share	The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be antidilutive: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Share awards — 2.4 Potential impact of preferred shares — 8.0 Total antidilutive shares — 10.4

Accumulated other comprehensi_2

Accumulated other comprehensive income (loss) (Tables)	3 Months Ended
	Apr. 29, 2023
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 28, 2023 $ (268.4) $ (0.2) $ 0.5 $ 3.9 $ — $ (264.2) Other comprehensive income (loss) (“OCI”) before reclassifications 1.2 — (0.2) — — 1.0 Amounts reclassified from AOCI to earnings — — (0.4) (3.9) — (4.3) Net current period OCI 1.2 — (0.6) (3.9) — (3.3) Balance at April 29, 2023 $ (267.2) $ (0.2) $ (0.1) $ — $ — $ (267.5)
Schedule of 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 29, 2023 April 30, 2022 Statement of operations caption Gains on cash flow hedges: Foreign currency contracts $ (0.5) $ — Cost of sales (see Note 15) Total before income tax (0.5) — Income taxes 0.1 — Net of tax (0.4) — Defined benefit pension plan items: Amortization of unrecognized actuarial losses — 0.9 Other non-operating expense, net (see Note 21) Amortization of unrecognized net prior service costs — 0.1 Other non-operating expense, net (see Note 21) Pension settlement loss 0.2 131.9 Other non-operating expense, net (see Note 21) Total before income tax 0.2 132.9 Income taxes (4.1) (25.2) Net of tax (3.9) 107.7 Total reclassifications, net of tax $ (4.3) $ 107.7

Income taxes (Tables)

Income taxes (Tables)	3 Months Ended
	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Schedule of Reconciliation of Effective Tax Rate	13 weeks ended April 29, 2023 April 30, 2022 Estimated annual effective tax rate before discrete items 18.6 % 20.6 % Discrete items recognized (9.7) % 19.2 % Effective tax rate recognized in statements of operations 8.9 % 39.8 %

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 29, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory	The following table summarizes the details of the Company’s inventories: (in millions) April 29, 2023 January 28, 2023 April 30, 2022 Raw materials $ 69.0 $ 89.2 $ 107.2 Merchandise inventories 2,114.5 2,061.1 2,109.0 Total inventories $ 2,183.5 $ 2,150.3 $ 2,216.2

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 29, 2023
Leases [Abstract]
Schedule of Total Lease Costs For Operating Leases	Total lease costs consist of the following: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Operating lease cost $ 99.1 $ 97.4 Short-term lease cost 11.9 12.7 Variable lease cost 26.0 29.4 Sublease income (0.2) (0.6) Total lease costs $ 136.8 $ 138.9

Goodwill and intangibles (Table

Goodwill and intangibles (Tables)	3 Months Ended
	Apr. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill by Reporting Unit	The following table summarizes the Company’s goodwill by reportable segment: (in millions) North America Balance at January 28, 2023 (1) $ 751.7 Acquisitions (2) (0.3) Balance at April 29, 2023 (1) $ 751.4 (1) The carrying amount of goodwill is presented net of accumulated impairment losses of $576.0 million as of April 29, 2023 and January 28, 2023. (2) The change in goodwill during the period primarily represents measurement period adjustments from the acquisition of Blue Nile.
Schedule of Finite-Lived Intangible Assets	The following table provides additional detail regarding the composition of intangible assets and liabilities: April 29, 2023 January 28, 2023 April 30, 2022 (in millions) Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Intangible assets, net: Definite-lived intangible assets $ 15.8 $ (8.1) $ 7.7 $ 15.8 $ (7.6) $ 8.2 $ 15.8 $ (5.9) $ 9.9 Indefinite-lived intangible assets (1) 399.1 — 399.1 399.2 — 399.2 303.6 — 303.6 Total intangible assets, net $ 414.9 $ (8.1) $ 406.8 $ 415.0 $ (7.6) $ 407.4 $ 319.4 $ (5.9) $ 313.5 Intangible liabilities, net $ (38.0) $ 33.1 $ (4.9) $ (38.0) $ 32.6 $ (5.4) $ (38.0) $ 31.3 $ (6.7) (1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Blue Nile trade name of $96.0 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 29, 2023 January 28, 2023 April 30, 2022 (in millions) Gross Accumulated Net Gross Accumulated Net Gross Accumulated Net Intangible assets, net: Definite-lived intangible assets $ 15.8 $ (8.1) $ 7.7 $ 15.8 $ (7.6) $ 8.2 $ 15.8 $ (5.9) $ 9.9 Indefinite-lived intangible assets (1) 399.1 — 399.1 399.2 — 399.2 303.6 — 303.6 Total intangible assets, net $ 414.9 $ (8.1) $ 406.8 $ 415.0 $ (7.6) $ 407.4 $ 319.4 $ (5.9) $ 313.5 Intangible liabilities, net $ (38.0) $ 33.1 $ (4.9) $ (38.0) $ 32.6 $ (5.4) $ (38.0) $ 31.3 $ (6.7) (1) The change in the indefinite-lived intangible asset balances during the periods presented was due to the addition of Blue Nile trade name of $96.0 million and the impact of foreign currency translation.

Fair value measurement (Tables)

Fair value measurement (Tables)	3 Months Ended
	Apr. 29, 2023
Fair Value Disclosures [Abstract]
Schedule of Methods to Determine Fair Value on Instrument-Specific Basis	The methods Signet uses to determine fair value on an instrument-specific basis are detailed below: April 29, 2023 January 28, 2023 April 30, 2022 (in millions) Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Carrying Value Level 1 Level 2 Assets: US Treasury securities $ 5.8 $ 5.8 $ — $ 5.7 $ 5.7 $ — $ 4.4 $ 4.4 $ — Foreign currency contracts 0.1 — 0.1 0.1 — 0.1 1.2 — 1.2 US government agency securities 0.5 — 0.5 0.5 — 0.5 2.0 — 2.0 Corporate bonds and notes 3.4 — 3.4 3.4 — 3.4 5.2 — 5.2 Total assets $ 9.8 $ 5.8 $ 4.0 $ 9.7 $ 5.7 $ 4.0 $ 12.8 $ 4.4 $ 8.4 Liabilities: Foreign currency contracts $ (0.7) $ — $ (0.7) $ (0.7) $ — $ (0.7) $ (2.8) $ — $ (2.8) Total liabilities $ (0.7) $ — $ (0.7) $ (0.7) $ — $ (0.7) $ (2.8) $ — $ (2.8)
Schedule of Carrying Amount and Fair Value of Outstanding Debt	The following table provides a summary of the carrying amount and fair value of outstanding debt: April 29, 2023 January 28, 2023 April 30, 2022 (in millions) Carrying Fair Value Carrying Fair Value Carrying Fair Value Long-term debt: Senior notes (Level 2) $ 147.5 $ 144.3 $ 147.4 $ 144.9 $ 147.1 $ 147.2

Loans, overdrafts and long-te_2

Loans, overdrafts and long-term debt (Tables)	3 Months Ended
	Apr. 29, 2023
Debt Disclosure [Abstract]
Schedule of Loans, Overdrafts and Long-term Debt	(in millions) April 29, 2023 January 28, 2023 April 30, 2022 Debt: Senior unsecured notes due 2024, net of unamortized discount $ 147.7 $ 147.7 $ 147.7 Gross debt $ 147.7 $ 147.7 $ 147.7 Less: Unamortized debt issuance costs (0.2) (0.3) (0.6) Total long-term debt $ 147.5 $ 147.4 $ 147.1

Warranty reserve (Tables)

Warranty reserve (Tables)	3 Months Ended
	Apr. 29, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Warranty Reserve for Diamond and Gemstone Guarantee	The warranty reserve for diamond and gemstone guarantees, included in accrued expenses and other current liabilities and other liabilities - non-current, is as follows: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Warranty reserve, beginning of period $ 40.8 $ 36.0 Warranty expense 3.5 4.7 Utilized (1) (3.0) (3.0) Warranty reserve, end of period $ 41.3 $ 37.7 (1) Includes impact of foreign exchange translation. (in millions) April 29, 2023 January 28, 2023 April 30, 2022 Disclosed as: Accrued expense and other current liabilities $ 11.4 $ 11.3 $ 10.6 Other liabilities - non-current 29.9 29.5 27.1 Total warranty reserve $ 41.3 $ 40.8 $ 37.7

Other operating income (expen_2

Other operating income (expense) and non-operating expense, net (Tables)	3 Months Ended
	Apr. 29, 2023
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 29, 2023 and April 30, 2022: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Litigation charges (1) $ 3.0 $ (190.0) Other (2.9) (0.4) Other operating income (expense) $ 0.1 $ (190.4) (1) Fiscal 2024 includes a credit to income related to the adjustment of a prior litigation accrual. See Note 20 for additional information.
Schedule of Other Nonoperating Expense, by Component	The following table provides the components of other non-operating expense, net for the 13 weeks ended April 29, 2023 and April 30, 2022: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Pension settlement loss (1) $ (0.2) $ (131.9) Other (0.2) (2.6) Other non-operating expense, net $ (0.4) $ (134.5) (1) See Note 21 for additional information.

Retirement plans (Tables)

Retirement plans (Tables)	3 Months Ended
	Apr. 29, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic benefit cost for the Pension Scheme are as follows: 13 weeks ended (in millions) April 29, 2023 April 30, 2022 Components of net periodic benefit cost: Interest cost $ — $ (0.9) Expected return on plan assets — 0.6 Amortization of unrecognized actuarial losses — (0.9) Amortization of unrecognized net prior service costs — (0.1) Pension settlement loss (0.2) (131.9) Total net periodic benefit cost $ (0.2) $ (133.2)

Organization and principal ac_3

Organization and principal accounting policies (Details)	3 Months Ended
	Apr. 29, 2023 segment
Business Acquisition [Line Items]
Number of reportable segments	3
Minimum
Business Acquisition [Line Items]
Seasonal revenues, fourth quarter sales, percent	35%
Maximum
Business Acquisition [Line Items]
Seasonal revenues, fourth quarter sales, percent	40%

Revenue recognition - Disaggreg

Revenue recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Total sales	$ 1,668	$ 1,838.3
Bridal
Disaggregation of Revenue [Line Items]
Total sales	768.7	850.8
Fashion
Disaggregation of Revenue [Line Items]
Total sales	587	674.2
Watches
Disaggregation of Revenue [Line Items]
Total sales	74.9	86.7
Services
Disaggregation of Revenue [Line Items]
Total sales	182.1	173
Other
Disaggregation of Revenue [Line Items]
Total sales	55.3	53.6
Kay
Disaggregation of Revenue [Line Items]
Total sales	602.2	667.3
Zales
Disaggregation of Revenue [Line Items]
Total sales	295.4	347.7
Jared
Disaggregation of Revenue [Line Items]
Total sales	274	314.1
Digital banners
Disaggregation of Revenue [Line Items]
Total sales	168.2	93.3
Diamonds Direct
Disaggregation of Revenue [Line Items]
Total sales	88.2	106.3
Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Total sales	85.5	119
Peoples
Disaggregation of Revenue [Line Items]
Total sales	38.2	45.4
International segment banners
Disaggregation of Revenue [Line Items]
Total sales	93	110
Other
Disaggregation of Revenue [Line Items]
Total sales	23.3	35.2
Store
Disaggregation of Revenue [Line Items]
Total sales	1,267.8	1,486.4
E-commerce
Disaggregation of Revenue [Line Items]
Total sales	380.6	320.5
Other
Disaggregation of Revenue [Line Items]
Total sales	19.6	31.4
North America
Disaggregation of Revenue [Line Items]
Total sales	1,561.2	1,705
North America | Bridal
Disaggregation of Revenue [Line Items]
Total sales	727.7	800.7
North America | Fashion
Disaggregation of Revenue [Line Items]
Total sales	571.4	656.5
North America | Watches
Disaggregation of Revenue [Line Items]
Total sales	44.8	51.5
North America | Services
Disaggregation of Revenue [Line Items]
Total sales	175.8	166
North America | Other
Disaggregation of Revenue [Line Items]
Total sales	41.5	30.3
North America | Kay
Disaggregation of Revenue [Line Items]
Total sales	602.2	667.3
North America | Zales
Disaggregation of Revenue [Line Items]
Total sales	295.4	347.7
North America | Jared
Disaggregation of Revenue [Line Items]
Total sales	274	314.1
North America | Digital banners
Disaggregation of Revenue [Line Items]
Total sales	168.2	93.3
North America | Diamonds Direct
Disaggregation of Revenue [Line Items]
Total sales	88.2	106.3
North America | Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Total sales	85.5	119
North America | Peoples
Disaggregation of Revenue [Line Items]
Total sales	38.2	45.4
North America | International segment banners
Disaggregation of Revenue [Line Items]
Total sales	0	0
North America | Other
Disaggregation of Revenue [Line Items]
Total sales	9.5	11.9
North America | Store
Disaggregation of Revenue [Line Items]
Total sales	1,191	1,396.5
North America | E-commerce
Disaggregation of Revenue [Line Items]
Total sales	364.4	300.4
North America | Other
Disaggregation of Revenue [Line Items]
Total sales	5.8	8.1
International segment banners
Disaggregation of Revenue [Line Items]
Total sales	93	110
International segment banners | Bridal
Disaggregation of Revenue [Line Items]
Total sales	41	50.1
International segment banners | Fashion
Disaggregation of Revenue [Line Items]
Total sales	15.6	17.7
International segment banners | Watches
Disaggregation of Revenue [Line Items]
Total sales	30.1	35.2
International segment banners | Services
Disaggregation of Revenue [Line Items]
Total sales	6.3	7
International segment banners | Other
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | Kay
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | Zales
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | Jared
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | Digital banners
Disaggregation of Revenue [Line Items]
Total sales	0
International segment banners | Diamonds Direct
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | Peoples
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | International segment banners
Disaggregation of Revenue [Line Items]
Total sales	93	110
International segment banners | Other
Disaggregation of Revenue [Line Items]
Total sales	0	0
International segment banners | Store
Disaggregation of Revenue [Line Items]
Total sales	76.8	89.9
International segment banners | E-commerce
Disaggregation of Revenue [Line Items]
Total sales	16.2	20.1
International segment banners | Other
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other
Disaggregation of Revenue [Line Items]
Total sales	13.8	23.3
Other | Bridal
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Fashion
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Watches
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Services
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Total sales	13.8	23.3
Other | Kay
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Zales
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Jared
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Digital banners
Disaggregation of Revenue [Line Items]
Total sales	0
Other | Diamonds Direct
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Banter by Piercing Pagoda
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Peoples
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | International segment banners
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Total sales	13.8	23.3
Other | Store
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | E-commerce
Disaggregation of Revenue [Line Items]
Total sales	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Total sales	$ 13.8	$ 23.3

Revenue recognition - Unamortiz

Revenue recognition - Unamortized Deferred Selling Costs (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Revenue from Contract with Customer [Abstract]
Other current assets	$ 28.4	$ 29.2	$ 27.9
Other assets	84.1	85.4	87.3
Total deferred ESP selling costs	$ 112.5	$ 114.6	$ 115.2

Revenue recognition- Narrative

Revenue recognition- Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Extended Service Plans and Lifetime Warranty Agreements
Disaggregation of Revenue [Line Items]
Capitalized contract cost, amortization	$ 10.9	$ 10.8

Revenue recognition - ESP and V

Revenue recognition - ESP and Voucher Promotions (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jan. 29, 2022
Disaggregation of Revenue [Line Items]
Total deferred revenue	$ 1,243.6	$ 1,249.6	$ 1,204
Current liabilities	368.7	369.5	336.9
Non-current liabilities	874.9	880.1	867.1
ESP deferred revenue
Disaggregation of Revenue [Line Items]
Total deferred revenue	1,149.4	1,159.5	1,125.9	$ 1,116.5
Other deferred revenue
Disaggregation of Revenue [Line Items]
Total deferred revenue	$ 94.2	$ 90.1	$ 78.1

Revenue recognition - ESP Defer

Revenue recognition - ESP Deferred Revenue Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Change in Contract with Customer, Liability [Roll Forward]
ESP deferred revenue, beginning of period	$ 1,249.6
Plans sold	(7.8)	$ 5.4
ESP deferred revenue, end of period	1,243.6	1,204
ESP deferred revenue
Change in Contract with Customer, Liability [Roll Forward]
ESP deferred revenue, beginning of period	1,159.5	1,116.5
Plans sold	113.4	123.8
Revenue recognized	(123.5)	(114.4)
ESP deferred revenue, end of period	1,149.4	1,125.9
Extended Service Plan and Voucher Promotions
Change in Contract with Customer, Liability [Roll Forward]
Revenue recognized	$ (86.7)	$ (79.2)

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($)		3 Months Ended
	Aug. 19, 2022	Apr. 29, 2023	Apr. 30, 2022
Business Acquisition [Line Items]
Cash consideration		$ 0	$ 1,900,000
Blue Nile
Business Acquisition [Line Items]
Cash consideration	$ 389,900,000
Cash acquired from acquisition	16,600,000
Intangible assets	96,000,000
Other carryforwards	71,000,000
Goodwill, expected tax deductible amount	0
Blue Nile | Domestic Tax Authority
Business Acquisition [Line Items]
Net operating loss	85,000,000
Blue Nile | Trade names
Business Acquisition [Line Items]
Intangible assets	$ 96,000,000

Acquisitions - Assets Acquired

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Aug. 19, 2022	Apr. 30, 2022
Business Acquisition [Line Items]
Goodwill	$ 751.4	$ 751.7		$ 486.4
Blue Nile
Business Acquisition [Line Items]
Inventories			$ 87.9
Property, plant and equipment			33.1
Operating lease right-of-use assets			39.1
Intangible assets			96
Other assets			21
Identifiable assets acquired			277.1
Accounts payable			73.2
Deferred revenue			16.5
Operating lease liabilities			38.5
Other liabilities			16.6
Liabilities assumed			144.8
Identifiable net assets acquired			132.3
Goodwill			257.6
Net assets acquired			$ 389.9

Segment information - Narrative

Segment information - Narrative (Details)	3 Months Ended
	Apr. 29, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment information - Schedule

Segment information - Schedule of Activity by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Segment Reporting Information [Line Items]
Total sales	$ 1,668	$ 1,838.3
Operating income (loss):	101.7	0.2
Interest income (expense), net	5.6	(4.4)
Other non-operating expense, net	(0.4)	(134.5)
Income (loss) before income taxes	106.9	(138.7)
Litigation settlement, expense	(3)	190
Corporate and unallocated expenses
Segment Reporting Information [Line Items]
Operating income (loss):	(15.4)	(21.2)
North America
Segment Reporting Information [Line Items]
Total sales	1,561.2	1,705
North America | Reportable segments
Segment Reporting Information [Line Items]
Total sales	1,561.2	1,705
Operating income (loss):	124.7	24.8
Litigation settlement, expense	(3)	190
North America | Reportable segments | Blue Nile
Segment Reporting Information [Line Items]
Acquisition and integration related costs	7.8
North America | Reportable segments | Diamonds Direct USA Inc. | Fair Value Adjustment to Inventory
Segment Reporting Information [Line Items]
Acquisition and integration related costs		4.4
International
Segment Reporting Information [Line Items]
Total sales	93	110
International | Reportable segments
Segment Reporting Information [Line Items]
Total sales	93	110
Operating income (loss):	(6.9)	(6.4)
Other
Segment Reporting Information [Line Items]
Total sales	13.8	23.3
Other | Reportable segments
Segment Reporting Information [Line Items]
Total sales	13.8	23.3
Operating income (loss):	$ (0.7)	$ 3

Redeemable preferred shares - N

Redeemable preferred shares - Narrative (Details) - Series A Redeemable Convertible Preferred Stock - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Oct. 05, 2016	Apr. 29, 2023	Apr. 30, 2022	Jan. 28, 2023
Temporary Equity [Line Items]
Redeemable convertible preferred stock, shares issued (in shares)	625,000
Preferred stock, purchase price	$ 625
Shares issued, price per share (usd per share)	$ 1,000
Preferred stock, dividend rate, percentage		5%
Payments of stock issuance costs	$ 13.7
Accumulated accretion of dividends		$ 11.1	$ 9.4	$ 10.7
Accretion to redemption value		$ 0.4	$ 0.4

Redeemable preferred shares - S

Redeemable preferred shares - Schedule of 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. 29, 2023 USD ($) $ / shares shares	Apr. 30, 2022 USD ($) $ / shares shares	Jan. 28, 2023 USD ($) $ / shares shares
Temporary Equity [Line Items]
Conversion rate	12.3939	12.2297	12.3939
Conversion price (usd per share) | $ / shares	$ 80.6849	$ 81.7682	$ 80.6849
Potential impact of preferred shares if-converted to common shares (in shares) | shares	8.1	8	8.1
Liquidation preference | $	$ 665.1	$ 665	$ 665.1

Shareholders' equity - Schedule

Shareholders' equity - Schedule of Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Class of Stock [Line Items]
Common stock, dividends (usd per share)	$ 0.23	$ 0.20
Dividends, common stock	$ 10.4	$ 9.3
Dividends declared per preferred share (usd per share)	$ 13.14	$ 13.14
Dividends, preferred stock	$ 8.2	$ 8.2
Accrued expenses and other current liabilities | Common Stock
Class of Stock [Line Items]
Dividends payable	10.4	9.3
Accrued expenses and other current liabilities | Series A Redeemable Convertible Preferred Stock
Class of Stock [Line Items]
Dividends payable	$ 8.2	$ 8.2

Shareholders' equity - Narrativ

Shareholders' equity - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions			3 Months Ended		20 Months Ended
	Mar. 14, 2022	Jan. 24, 2022	Apr. 29, 2023	Apr. 30, 2022	Apr. 29, 2023	Mar. 31, 2023	Jan. 28, 2023	Jan. 21, 2022
Class of Stock [Line Items]
Amount of preferred dividends in arrears			$ 0	$ 0
Amount repurchased			39,100,000	268,200,000
Accelerated share repurchases, total value committed to repurchase								$ 250,000,000
Accelerated share repurchases, payment		$ 250,000,000
Treasury stock, shares, acquired (in shares)	0.8	2.5
Accelerated share repurchases, initial price paid per share (usd per share)		$ 80
Accelerated share repurchases, prepayment amount, percent paid up front		80%
Accelerated share repurchases, prepayment amount, percent to be paid upon final settlement	20%
2017 Program
Class of Stock [Line Items]
Stock repurchase program, authorized amount							$ 1,700,000,000
Remaining authorized repurchase amount			761,200,000		$ 761,200,000	$ 775,000,000	$ 537,300,000
Amount repurchased			$ 39,100,000	$ 318,200,000	$ 1,200,000,000

Shareholders' equity - Schedu_2

Shareholders' equity - Schedule of Class of Treasury Stock (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		20 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	Apr. 29, 2023
Class of Stock [Line Items]
Amount repurchased	$ 39.1	$ 268.2
2017 Program
Class of Stock [Line Items]
Shares repurchased (in shares)	0.5	4.3
Amount repurchased	$ 39.1	$ 318.2	$ 1,200
Average repurchase price per share (usd per share)	$ 74.95	$ 73.42
Accelerated Share Repurchase Agreement
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. 29, 2023	Apr. 30, 2022
Numerator:
Net income (loss) attributable to common shareholders	$ 88.8	$ (92.1)
Weighted average common shares outstanding (in shares)	45.3	48.8
EPS – basic (usd per share)	$ 1.96	$ (1.89)

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. 29, 2023	Apr. 30, 2022
Numerator:
Net income (loss) attributable to common shareholders	$ 88.8	$ (92.1)
Add: Dividends on preferred shares	8.6	0
Numerator for diluted EPS	$ 97.4	$ (92.1)
Denominator:
Basic weighted average common shares outstanding (in shares)	45.3	48.8
Dilutive effect of share awards (in shares)	1.1	0
Dilutive effect of preferred shares (in shares)	8.1	0
Diluted weighted average common shares outstanding (in shares)	54.5	48.8
EPS – diluted (usd per share)	$ 1.79	$ (1.89)

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. 29, 2023	Apr. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (in shares)	0	10.4
Share awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the calculation of earnings per share (in shares)	0	2.4
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 (in shares)	0	8

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. 29, 2023 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 1,578.6
Other comprehensive income (loss) (“OCI”) before reclassifications	1
Amounts reclassified from AOCI to earnings	(4.3)
Net current period OCI	(3.3)
Ending Balance	1,581.5
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(264.2)
Ending Balance	(267.5)
Foreign currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(268.4)
Other comprehensive income (loss) (“OCI”) before reclassifications	1.2
Amounts reclassified from AOCI to earnings	0
Net current period OCI	1.2
Ending Balance	(267.2)
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
Amounts reclassified from AOCI to earnings	0
Net current period OCI	0
Ending Balance	(0.2)
Gains (losses) on cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	0.5
Other comprehensive income (loss) (“OCI”) before reclassifications	(0.2)
Amounts reclassified from AOCI to earnings	(0.4)
Net current period OCI	(0.6)
Ending Balance	(0.1)
Pension plan | Actuarial gains (losses)
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	(3.9)
Net current period OCI	(3.9)
Ending Balance	0
Pension plan | Prior service costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	0
Other comprehensive income (loss) (“OCI”) before reclassifications	0
Amounts reclassified from AOCI to earnings	0
Net current period OCI	0
Ending Balance	$ 0

Accumulated other comprehensi_4

Accumulated other comprehensive income (loss) - Reclassifications out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales	$ (1,036)	$ (1,114.6)
Income taxes	(9.5)	55.2
Other non-operating expense, net	(0.2)	(2.6)
Net income (loss)	97.4	(83.5)
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net income (loss)	(4.3)	107.7
Reclassification out of Accumulated Other Comprehensive Income | Gains on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before income tax	(0.5)	0
Income taxes	0.1	0
Net income (loss)	(0.4)	0
Reclassification out of Accumulated Other Comprehensive Income | Defined benefit pension plan items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before income tax	0.2	132.9
Income taxes	(4.1)	(25.2)
Net income (loss)	(3.9)	107.7
Reclassification out of Accumulated Other Comprehensive Income | Amortization of unrecognized actuarial losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating expense, net	0	0.9
Reclassification out of Accumulated Other Comprehensive Income | Amortization of unrecognized net prior service costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating expense, net	0	0.1
Reclassification out of Accumulated Other Comprehensive Income | Pension settlement loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating expense, net	0.2	131.9
Reclassification out of Accumulated Other Comprehensive Income | Foreign currency contracts | Gains on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales	$ (0.5)	$ 0

Income taxes - Schedule of Reco

Income taxes - Schedule of Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details)	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Estimated annual effective tax rate before discrete items	18.60%	20.60%
Discrete items recognized	(9.70%)	19.20%
Effective tax rate recognized in statements of operations	8.90%	39.80%

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Tax benefit due to reversal of foreign pension out of OCI	$ 4.1	$ 25
Excess tax benefit from share based compensation	$ 7.6	13
Discrete tax benefits related to litigation charges		$ 47.7

Inventories - Summary of Invent

Inventories - Summary of Inventory Components (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 69	$ 89.2	$ 107.2
Merchandise inventories	2,114.5	2,061.1	2,109
Total inventories	$ 2,183.5	$ 2,150.3	$ 2,216.2

Leases - Total Lease Costs For

Leases - Total Lease Costs For Operating Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Leases [Abstract]
Operating lease cost	$ 99.1	$ 97.4
Short-term lease cost	11.9	12.7
Variable lease cost	26	29.4
Sublease income	(0.2)	(0.6)
Total lease costs	$ 136.8	$ 138.9

Goodwill and intangibles - Narr

Goodwill and intangibles - Narrative (Details) - North America - USD ($) $ in Millions		3 Months Ended
	Aug. 19, 2022	Apr. 29, 2023
Finite-Lived Intangible Assets [Line Items]
Acquisitions		$ (0.3)
Blue Nile
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 96
Acquisitions	$ 257.6

Goodwill and intangibles - Sche

Goodwill and intangibles - Schedule of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Jan. 28, 2023
Goodwill [Roll Forward]
Beginning balance	$ 751.7
Ending balance	751.4
North America
Goodwill [Roll Forward]
Beginning balance	751.7
Acquisitions	(0.3)
Ending balance	751.4
Accumulated impairment loss	$ 576	$ 576

Goodwill and intangibles - Comp

Goodwill and intangibles - Composition of Finite-Lived Intangibles (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Aug. 19, 2022	Apr. 30, 2022
Intangible assets, net:
Gross carrying amount	$ 15.8	$ 15.8		$ 15.8
Accumulated amortization	(8.1)	(7.6)		(5.9)
Net carrying amount	7.7	8.2		9.9
Indefinite-lived intangible assets	399.1	399.2		303.6
Intangible assets, gross	414.9	415		319.4
Total intangible assets, net	406.8	407.4		313.5
Intangible liabilities, net
Gross carrying amount	(38)	(38)		(38)
Accumulated amortization	33.1	32.6		31.3
Total	$ (4.9)	$ (5.4)		$ (6.7)
Blue Nile
Indefinite-lived Intangible Assets [Line Items]
Intangible assets			$ 96
Blue Nile | Trade names
Indefinite-lived Intangible Assets [Line Items]
Intangible assets			96
Blue Nile | North America | Trade names
Indefinite-lived Intangible Assets [Line Items]
Intangible assets			$ 96

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 29, 2023	Apr. 30, 2022	Jan. 28, 2023
Maximum
Derivative [Line Items]
Remaining settlement period	12 months
Cash Flow Hedging
Derivative [Line Items]
Expected pre-tax derivative loss	$ (0.1)
Foreign currency contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Aggregate notional amount	33.5	$ 95.5	$ 27.3
Derivative instruments not designated as hedging instruments, gain (loss), net	(0.2)	(4.8)
Foreign currency contracts | Cash Flow Hedging
Derivative [Line Items]
Aggregate notional amount	$ 16.6	$ 18.8	$ 25.9
Remaining settlement period	9 months	11 months	12 months

Fair value measurement - Fair V

Fair value measurement - Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 9.8	$ 9.7	$ 12.8
Liabilities	(0.7)	(0.7)	(2.8)
US Treasury securities | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5.8	5.7	4.4
Foreign currency contracts | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.1	0.1	1.2
Liabilities	(0.7)	(0.7)	(2.8)
US government agency securities | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.5	0.5	2
Corporate bonds and notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	3.4	3.4	5.2
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5.8	5.7	4.4
Liabilities	0	0	0
Level 1 | US Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5.8	5.7	4.4
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	4	4	8.4
Liabilities	(0.7)	(0.7)	(2.8)
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	0.1	0.1	1.2
Liabilities	(0.7)	(0.7)	(2.8)
Level 2 | US government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.5	0.5	2
Level 2 | Corporate bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 3.4	$ 3.4	$ 5.2

Fair value measurement - Outsta

Fair value measurement - Outstanding Debt (Details) - Senior Notes - Level 2 - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	$ 147.5	$ 147.4	$ 147.1
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Outstanding debt	$ 144.3	$ 144.9	$ 147.2

Loans, overdrafts and long-te_3

Loans, overdrafts and long-term debt - Schedule of Loans, Overdrafts and Long-term Debt (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Debt Instrument [Line Items]
Gross debt	$ 147.7	$ 147.7	$ 147.7
Less: Unamortized debt issuance costs	(0.2)	(0.3)	(0.6)
Total long-term debt	147.5	147.4	147.1
Senior unsecured notes due 2024, net of unamortized discount | Senior Unsecured Notes
Debt Instrument [Line Items]
Gross debt	$ 147.7	$ 147.7	$ 147.7

Loans, overdrafts and long-te_4

Loans, overdrafts and long-term debt - Narrative (Details) - USD ($)	Sep. 05, 2019	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jul. 28, 2021	Sep. 27, 2019	Sep. 06, 2019	May 19, 2014
Senior Unsecured Notes Due in 2024 | Senior 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 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]
Line of credit facility, maximum borrowing capacity						$ 1,500,000,000
Additional borrowing capacity					$ 600,000,000
Long-term debt		$ 0	$ 0	$ 0
Available borrowing capacity		$ 1,300,000,000
Senior Asset-Based Credit Facility | Line of Credit | Term Loan Facility
Debt Instrument [Line Items]
Face amount						$ 100,000,000

Warranty reserve - Schedule of

Warranty reserve - Schedule of Activity in Warranty Reserve (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 40.8	$ 36
Warranty expense	3.5	4.7
Utilized	(3)	(3)
Balance at end of period	$ 41.3	$ 37.7

Warranty reserve - Components o

Warranty reserve - Components of Warranty Reserve (Details) - USD ($) $ in Millions	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022	Jan. 29, 2022
Other Liabilities Disclosure [Abstract]
Accrued expense and other current liabilities	$ 11.4	$ 11.3	$ 10.6
Other liabilities - non-current	29.9	29.5	27.1
Total warranty reserve	$ 41.3	$ 40.8	$ 37.7	$ 36

Other operating income (expen_3

Other operating income (expense) and non-operating expense, net - Components of Other Operating Income (Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Other Income and Expenses [Abstract]
Litigation charges	$ 3	$ (190)
Other	(2.9)	(0.4)
Other operating income (expense)	$ 0.1	$ (190.4)

Other operating income (expen_4

Other operating income (expense) and non-operating expense, net - Components of Other Non-Operating Income (Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Other Income and Expenses [Abstract]
Pension settlement	$ (0.2)	$ (131.9)
Other	(0.2)	(2.6)
Other non-operating expense, net	$ (0.4)	$ (134.5)

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions			3 Months Ended
	Aug. 01, 2016 plaintiff	Feb. 02, 2015 plaintiff	Apr. 29, 2023 USD ($)	Jan. 28, 2023 USD ($)	Apr. 30, 2022 USD ($)
Loss Contingencies [Line Items]
Litigation settlement, expense			$ (3)		$ 190
EPA Collective Action
Loss Contingencies [Line Items]
Number of plaintiffs | plaintiff	9,124	70,000
Litigation settlement, amount awarded to other party			175
Litigation settlement, expense					$ 190
Payments for legal settlements			$ 185
Other Matters
Loss Contingencies [Line Items]
Litigation settlement, expense				$ 15.9

Retirement plans - Narrative (D

Retirement plans - Narrative (Details) £ in Millions, $ in Millions	3 Months Ended		21 Months Ended
	Apr. 29, 2023 USD ($)	Apr. 30, 2022 USD ($)	Apr. 29, 2023 GBP (£)	Apr. 29, 2023 USD ($)	Jul. 29, 2021 employee
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	$ 0.2	$ 131.9
Signet Group Limited | Pension scheme
Defined Contribution Plan [Line Items]
Contributions by employer			£ 15	$ 20.1
Defined benefit plan, expected future employer contributions, amount	$ 1			$ 1

Retirement plans - Components o

Retirement plans - Components of Net Periodic Pension Cost (Details) - Pension plan - Foreign Plan - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2023	Apr. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 0	$ (0.9)
Expected return on plan assets	0	0.6
Amortization of unrecognized actuarial losses	0	(0.9)
Amortization of unrecognized net prior service costs	0	(0.1)
Pension settlement loss	(0.2)	(131.9)
Total net periodic benefit cost	$ (0.2)	$ (133.2)