SEGMENT REPORTING (Tables)

3 Months Ended

May 04, 2025

Segment Reporting [Abstract]

Segment Information

The following table summarizes reported net revenues, significant segment expenses, operating income and earnings before income taxes for the thirteen weeks ended May 4, 2025 and April 28, 2024.

	For the Thirteen Weeks Ended
(In thousands)	May 4, 2025		April 28, 2024
Net revenues	$	1,730,113	$	1,660,348
Less:
Cost of merchandise and shipping	766,635		669,025
Occupancy, excluding depreciation	141,829		139,772
Employment	270,430		269,087
Advertising	117,750		123,250
Other segment items 1	86,877		85,719
Depreciation and amortization expense	55,879		56,383
Operating income	290,713		317,112
Interest income, net	9,533		16,053
Earnings before income taxes	$	300,246	$	333,165

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 the thirteen weeks ended May 4, 2025 and April 28, 2024.

	For the Thirteen Weeks Ended 1
(In thousands)	May 4, 2025		April 28, 2024
Pottery Barn	$	695,092	$	677,335
West Elm	437,085		430,309
Williams Sonoma	257,493		238,239
Pottery Barn Kids and Teen	229,716		221,802
Other 2	110,727		92,663
Total 3	$	1,730,113	$	1,660,348
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, the United Kingdom, and our franchise businesses) of approximately $77.8 million and $73.5 million for the thirteen weeks ended May 4, 2025 and April 28, 2024, respectively.

Summary of Long-lived Assets by Geographic Areas

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

	As of
(In thousands)	May 4, 2025		February 2, 2025		April 28, 2024
U.S.	$	2,289,438	$	2,268,691	$	2,219,749
International	68,021		68,425		74,189
Total	$	2,357,459	$	2,337,116	$	2,293,938