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Segment Reporting
 6 Months Ended
Aug. 03, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s reportable segments are based on the financial information the chief operating decision maker (“CODM”) uses to allocate resources and assess performance of its business.

The Company manages its business on a geographic basis, consisting of three reportable segments: Americas; EMEA; and APAC. Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company’s segments, and therefore are included as a reconciling item between segment and total operating income. The Americas reportable segment includes the results of operations in North America and South America. The EMEA reportable segment includes the results of operations in Europe, the Middle East and Africa. The APAC reportable segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania. Intersegment sales and transfers are recorded at cost and are treated as a transfer of inventory. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.

The group comprised of the Company’s (i) Chief Executive Officer and (ii) Chief Financial Officer and Chief Operating Officer functions as the Company’s CODM. The Company’s CODM manages business operations and evaluates the performance of each segment based on the net sales and operating income (loss) of the segment.

Net sales by segment are presented by attributing revenues on the basis of the segment that fulfills the order. Operating income for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributed to the segment. Corporate/other expenses include expenses incurred that are not directly attributed to a reportable segment and primarily relate to corporate or global functions such as design, sourcing, brand management, corporate strategy, information technology, finance, treasury, legal, human resources, and other corporate support services, as well as certain globally managed components of the planning, merchandising, and marketing functions.

The Company reports inventories by segment as that information is used by the CODM in determining allocation of resources to the segments. The Company does not report its other assets by segment as that information is not used by the CODM in assessing segment performance or allocating resources.

The following tables provide the Company’s segment information as of August 3, 2024 and February 3, 2024, and for the thirteen and twenty-six weeks ended August 3, 2024 and July 29, 2023:

Net Sales
Thirteen Weeks EndedTwenty-Six Weeks Ended
(in thousands)August 3, 2024July 29, 2023August 3, 2024July 29, 2023
Americas$901,224 $731,427 $1,721,345 $1,396,850 
EMEA199,682 171,962 364,460 310,068 
APAC33,068 31,956 68,899 64,421 
Segment total$1,133,974 $935,345 $2,154,704 $1,771,339 

Operating Income (Loss)
Thirteen Weeks EndedTwenty-Six Weeks Ended
(in thousands)August 3, 2024July 29, 2023August 3, 2024July 29, 2023
Americas$275,120 $177,063 $527,467 $333,508 
EMEA38,040 29,860 62,541 28,375 
APAC(3,245)(464)(3,567)(3,011)
Segment total$309,915 $206,459 $586,441 $358,872 
Operating (loss) income not attributed to segments:
Stores and distribution expense(5,002)(3,114)(8,373)(5,003)
Marketing, general and administrative expense(129,355)(116,198)(274,619)(235,603)
Other operating income, net67 2,695 2,025 5,584 
Total operating income$175,625 $89,842 $305,474 $123,850 
Assets
(in thousands)August 3, 2024February 3, 2024
Inventories
Americas$438,076 $372,371 
EMEA80,418 77,125 
APAC21,265 19,970 
Total inventories$539,759 $469,466 
Assets not attributed to segments
2,509,799 2,504,767 
Total assets$3,049,558 $2,974,233 

Brand Information

The following table provides additional disaggregated revenue information, which is categorized by brand, for the thirteen and twenty-six weeks ended August 3, 2024 and July 29, 2023:
Thirteen Weeks EndedTwenty-Six Weeks Ended
(in thousands)August 3, 2024July 29, 2023August 3, 2024July 29, 2023
Abercrombie (1)
$582,416 $462,711 $1,153,929 $898,755 
Hollister (2)
551,558 472,634 1,000,775 872,584 
Total$1,133,974 $935,345 $2,154,704 $1,771,339