Business Segment Information (Tables)

6 Months Ended

Jun. 01, 2025

Segment Reporting [Abstract]

Business Segment Information

Business segment information for the Company is as follows: 

	Three Months Ended				Six Months Ended
	June 1, 2025		May 26, 2024		June 1, 2025		May 26, 2024
	(Dollars in millions)
Net revenues:
Americas	$	748.4	$	712.2	$	1,531.4	$	1,448.0
Europe	403.1		353.7		803.6		777.2
Asia	257.7		260.0		565.8		548.8
Total segment net revenues	1,409.2		1,325.9		2,900.8		2,774.0
Beyond Yoga®	36.8		32.9		72.0		65.0
Total net revenues	$	1,446.0	$	1,358.8	$	2,972.8	$	2,839.0
Income (loss) from continuing operations before income taxes:
Americas	$	153.3	$	126.5	$	323.0	$	258.9
Europe	69.4		53.3		171.8		156.8
Asia	29.6		33.9		87.5		82.4
Total segment operating income	252.3		213.7		582.3		498.1
Beyond Yoga® operating (loss) income	(4.4)		(2.9)		(7.5)		(3.8)
Restructuring charges, net(1)	(6.8)		(55.1)		(13.5)		(168.2)
Corporate expenses(2)	(133.1)		(134.8)		(261.7)		(304.6)
Interest expense	(11.8)		(10.3)		(22.7)		(20.3)
Other income (expense), net	6.3		0.4		2.2		(1.9)
Income (loss) from continuing operations before income taxes	$	102.5	$	11.0	$	279.1	$	(0.7)

____________

(1)Restructuring charges, net for the three and six months ended June 1, 2025 consisted primarily of severance and other post-employment benefit charges, and asset impairment and contract termination costs, partially offset by a gain recognized on the sale of a distribution center in connection with Project Fuel.

Restructuring charges, net for the three and six months ended May 26, 2024 consisted primarily of severance and other post-employment benefit charges in connection with Project Fuel.

(2)$3.1 million benefit related to incentive compensation for the Dockers® business was reclassified from Corporate expenses to SG&A within discontinued operations for the six months ended May 26, 2024.