Segment Reporting (Tables)

12 Months Ended

Feb. 02, 2025

Segment Reporting [Abstract]

Summary of Net Revenue By Brand

The following table summarizes reported net revenues, significant segment expenses, operating income and earnings before income taxes for fiscal 2024, fiscal 2023 and fiscal 2022:

	For the Fiscal Year Ended
(In thousands)	February 2, 2025		January 28, 2024		January 29, 2023
Net revenues	$	7,711,541	$	7,750,652	$	8,674,417
Less:
Cost of merchandise and shipping	3,336,102		3,632,761		4,211,259
Occupancy, excluding depreciation	567,602		584,469		574,705
Employment	1,227,305		1,167,024		1,217,189
Advertising	567,723		502,245		581,063
Other segment items 1	354,914		389,938		381,033
Depreciation and amortization expense	227,712		230,022		210,747
Operating income	$	1,430,184	$	1,244,193	$	1,498,422
Interest income, net	55,548		29,162		2,260
Earnings before income taxes	$	1,485,732	$	1,273,355	$	1,500,682

1Other segment items within operating income include general expenses, which consist primarily of credit card fees, data processing expenses and administrative expenses.

The following table summarizes our net revenues by brand for fiscal 2024, fiscal 2023 and fiscal 2022:

	For the Fiscal Year Ended 1
(In thousands)	February 2, 2025		January 28, 2024		January 29, 2023
Pottery Barn	$	3,039,939	$	3,206,167	$	3,555,521
West Elm	1,840,582		1,854,811		2,278,131
Williams Sonoma	1,302,821		1,260,045		1,286,651
Pottery Barn Kids and Teen	1,107,057		1,060,470		1,132,937
Other 2	421,142		369,159		421,177
Total 3	$	7,711,541	$	7,750,652	$	8,674,417

1Includes business-to-business net revenues within each brand.

2Primarily consists of net revenues from Rejuvenation, our international franchise operations, Mark and Graham, and GreenRow.

3Includes net revenues related to our international operations (including our operations in Canada, Australia and the United Kingdom and our franchise businesses) of approximately $336.3 million, $328.9 million and $407.9 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

Summary of Long-lived Assets by Geographic Location

Long-lived assets by geographic location, which excludes deferred income taxes, goodwill and intangible assets, are as follows:

(In thousands)	February 2, 2025		January 28, 2024
U.S.	$	2,268,691	$	2,273,905
International	68,425		79,720
Total	$	2,337,116	$	2,353,625