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Convertible Senior Notes and Related Transactions - Components of Interest Expense (Details) - Senior notes - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
2024 Notes
Debt Instrument [Line Items]
Coupon interest	$ 2,711	$ 6,000	$ 6,000
Amortization of debt discount and issuance costs	404	838	11,981
Total	3,115	6,838	17,981
Initial 2028 Notes
Debt Instrument [Line Items]
Coupon interest	8,135	0	0
Amortization of debt discount and issuance costs	1,309	0	0
Total	9,444	0	0
Additional 2028 Notes
Debt Instrument [Line Items]
Coupon interest	716	0	0
Amortization of debt discount and issuance costs	148	0	0
Total	$ 864	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 56,074	$ 51,736	$ 34,246
Additions:
Income tax positions related to the prior year	47	3,954	280
Income tax positions related to the current year	324	454	21,616
Reductions:
Income tax positions related to the prior year	(4,046)	(70)	(2,405)
Income tax positions related to the current year	(756)	0	(2,001)
Ending balance	$ 51,643	$ 56,074	$ 51,736

Fair Value Measurements - Measurement Input Valuation Assumptions (Details) - Level 3	Feb. 03, 2024 $ / shares year
Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset (liability) net, measurement input	0.30
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset (liability) net, measurement input	0.041
Credit spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset (liability) net, measurement input	0.043
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset (liability) net, measurement input	0.052
Term to maturity (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset (liability) net, measurement input \| year	4.2
Stock price (in dollars per share)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset (liability) net, measurement input \| $ / shares	22.86

Convertible Senior Notes and Related Transactions

12 Months Ended

Feb. 03, 2024

Debt Disclosure [Abstract]

Convertible Senior Notes and Related Transactions

Borrowings and Finance Lease Obligations

Borrowings and finance lease obligations are summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Term loans	$	12,060	$	25,516
Finance lease obligations	15,430		19,865
Mortgage debt	16,435		17,189
Borrowings under credit facilities	21,653		70,304
Other	3,413		3,427
	68,991		136,301
Less current installments	40,781		40,380
Long-term debt and finance lease obligations	$	28,210	$	95,921

Term Loans

The Company entered into term loans with certain banks, primarily in Europe, during fiscal 2021. These loans are primarily unsecured, have remaining terms of approximately one year and incur interest at annual rates ranging between 1.5% to 6.7%. As of February 3, 2024 and January 28, 2023, the Company had outstanding borrowings of $12.1 million and $25.5 million, respectively, under these borrowing arrangements.

Finance Lease Obligations

The Company leases its European distribution center in the Netherlands under a finance lease which primarily provides for monthly minimum lease payments through May 2027 with an effective interest rate of approximately 6%. The Company has also entered into finance leases for equipment used in its European distribution centers. As of February 3, 2024 and January 28, 2023, these finance lease obligations totaled $9.9 million and $15.0 million, respectively.

The Company also has smaller finance leases related primarily to computer hardware and software. As of February 3, 2024 and January 28, 2023, these finance obligations totaled $5.5 million and $4.9 million, respectively.

Mortgage Debt

During fiscal 2017, the Company entered into a ten-year $21.5 million real estate secured loan (the “Mortgage Debt”). The Mortgage Debt is secured by the Company’s U.S. distribution center based in Louisville, Kentucky and provides for monthly principal and interest payments based on a 25-year amortization schedule, with the remaining principal balance and any accrued and unpaid interest due at maturity. Outstanding principal balances under the Mortgage Debt bear interest at the one-month SOFR rate plus 1.5%. As of February 3, 2024, outstanding borrowings under the Mortgage Debt, net of debt issuance costs, were $16.4 million. At January 28, 2023, outstanding borrowings under the Mortgage Debt, net of debt issuance costs, were $17.2 million.

The Mortgage Debt requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if consolidated cash, cash equivalents, short term investment balances and availability under borrowing arrangements fall below certain levels. In addition, the Mortgage Debt contains customary covenants, including covenants that limit or restrict the Company’s ability to incur liens on the mortgaged property and enter into certain contractual obligations. Upon the occurrence of an event of default under the Mortgage Debt, the lender may terminate the Mortgage Debt and declare all amounts outstanding to be immediately due and payable. The Mortgage Debt specifies a number of events of default (some of which are subject to applicable grace or cure periods), including, among other things, non-payment defaults, covenant defaults, cross-defaults to other material indebtedness, bankruptcy and insolvency defaults and material judgment defaults. In May 2023, the Company amended the terms of the Mortgage Debt, which was previously payable at a variable rate based on LIBOR, to provide for the interest rate to be based on SOFR, effective May 1, 2023.

During fiscal 2017, the Company also entered into a separate interest rate swap agreement, designated as a cash flow hedge. Effective May 1, 2023, the Company also amended its existing interest rate swap agreement from LIBOR to SOFR, resulting in a swap fixed rate of approximately 3.14%. This amended interest rate swap agreement matures in January 2026 and converts the nature of the Mortgage Debt from SOFR floating-rate debt to fixed-rate debt. The fair value of the interest rate swap was recorded as an asset of approximately $0.8 million and $1.0 million as of February 3, 2024 and January 28, 2023, respectively.

Credit Facilities

Long-Term 2023 Credit Facility

During fiscal 2023, the Company amended and restated its senior secured asset-based revolving credit facility with Bank of America, N.A. and other lenders party thereto to extend the maturity date of the credit facility to December 20, 2027, among other changes (as amended, the “2023 Credit Facility”). In addition, the Company entered into amendment agreements to permit, among other things, the exchange and subscription offerings on January 5, 2024 and April 12, 2023. Pursuant to the April 12, 2023 amendment, the 2023 Credit Facility is subject to earlier maturity as of 60 days before the maturity date of the Company’s 2024 Notes if satisfactory payment conditions have not been met during such 60 days period. The amendment retains the 2023 Credit Facility’s existing provisions for earlier maturity as of 60 days before the maturity date of the Company’s 2024 Notes if (1) such notes have not been refinanced or converted into equity by that date or (2) arrangements satisfactory to the Lenders for the refinancing or conversion of the 2024 Notes have not been made.

The 2023 Credit Facility provides for a borrowing capacity in an amount up to $150 million, including a Canadian sub-facility up to $20 million, subject to a borrowing base. Based on applicable accounts receivable, inventory and eligible cash, subject to certain allowances, balances as of February 3, 2024, the Company could have borrowed up to $111 million under the 2023 Credit Facility. The 2023 Credit Facility has an option to expand the borrowing capacity by up to $150 million subject to certain terms and conditions, including the willingness of existing or new lenders to assume such increased amount. The 2023 Credit Facility is available for direct borrowings and the issuance of letters of credit, subject to certain letters of credit sublimits, and may be used for repayment of debt, working capital and other general corporate purposes.

All obligations under the 2023 Credit Facility are unconditionally guaranteed by the Company and the Company’s existing and future domestic and Canadian subsidiaries, subject to certain exceptions, and are secured by a first priority lien on substantially all of the assets of the Company and such domestic and Canadian subsidiaries, as applicable.

Direct borrowings under the 2023 Credit Facility made by the Company and its domestic subsidiaries bear interest at the U.S. base rate plus an applicable margin (varying from 0.25% to 0.75%) or at Term SOFR plus a spread adjustment plus an applicable margin (varying from 1.25% to 1.75%), provided that Term SOFR may not be less than zero. The U.S. base rate is based on the greater of (i) the U.S. prime rate, (ii) the federal funds rate, plus 0.5%, and (iii) Term SOFR plus a spread adjustment for a 30-day interest period, plus 1.0%, provided that the U.S. base rate may not be less than zero. Direct borrowings under the 2023 Credit Facility made by the Company’s Canadian subsidiaries bear interest at the Canadian prime rate plus an applicable margin (varying from 0.25% to 0.75%) or at the Canadian BA rate plus an applicable margin (varying from 1.25% to 1.75%), provided that the Canadian BA rate may not be less than zero. The Canadian rate is based on the greater of (i) the Canadian prime rate and (ii) the Canadian BA rate for a one-month interest period, plus 1.0%, provided that the Canadian prime rate may not be less than zero. The applicable margins are calculated quarterly and vary based on the average daily availability of the aggregate borrowing base. The Company is also obligated to pay certain commitment, letter of credit and other fees customary for a credit facility of this size and type. As of February 3, 2024, the Company had $6.6 million in outstanding standby letters of credit, no outstanding documentary letters of credit, and no outstanding borrowings under the 2023 Credit Facility. As of January 28, 2023, the Company had $8.1 million in outstanding standby letters of credit, no outstanding documentary letters of credit, and no outstanding borrowings under the 2023 Credit Facility.

The 2023 Credit Facility contains various annual sustainability key performance targets, the achievement of which would result in an adjustment to the interest margin ranging from a plus 5 basis points to a minus 5 basis points per year and the commitment fee ranging from a plus 1 basis point to a minus 1 basis point per year. The 2023 Credit Facility requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if a default or an event of default occurs under the 2023 Credit Facility or availability under the 2023 Credit Facility falls below the greater of 10% of the aggregate borrowing base and $12.5 million. In addition, the 2023 Credit Facility contains customary covenants, including covenants that limit or restrict the Company and certain of its subsidiaries’ ability to: incur liens, incur indebtedness, make investments, dispose of assets, make certain restricted payments, merge or consolidate and enter into certain transactions with affiliates. Upon the occurrence of an event of default under the 2023 Credit Facility, the lenders may cease making loans, terminate the 2023 Credit Facility and declare all amounts outstanding to be immediately due and payable. The 2023 Credit Facility specifies a number of events of default (some of which are subject to applicable grace or cure periods), including, among other things, non-payment defaults, covenant defaults, cross-defaults to other material indebtedness, bankruptcy and insolvency defaults, and material judgment defaults. The 2023 Credit Facility allows for both secured and unsecured borrowings outside of the 2023 Credit Facility up to specified amounts.

Long-Term 2022 Credit Facility

During fiscal 2023, Guess Europe Sagl, a wholly owned subsidiary of the Company, entered into a credit agreement (the “Credit Agreement”) for a €250 million revolving credit facility (the “2022 Credit Facility”) with an initial five-year term. The Company has an option to extend the maturity date by up to two years and an option to expand the 2022 Credit Facility by up to €100 million, subject to certain conditions.

Borrowings under the 2022 Credit Facility bear interest based on the daily balance outstanding at the Euro Interbank Offered Rate (EURIBOR) plus an applicable margin (varying from 0.85% to 1.20%), provided that EURIBOR may not be less than zero. The 2022 Credit Facility carries a commitment fee equal to the available but unused borrowing capacity multiplied by 35% of an applicable margin (varying from 0.85% to 1.20%). The Company is also required to pay a utilization fee on the total amount of the loans outstanding under the 2022 Credit Facility at rates varying from 0.10% to 0.20%, depending on the balance outstanding. The applicable margins are calculated quarterly and vary based on the leverage ratio of the guarantor and its subsidiaries as set forth in the Credit Agreement.

The Credit Agreement contains various annual sustainability key performance targets, the achievement of which would result in an adjustment to the interest margin ranging from a plus 5 basis points to a minus 5 basis points per year. The Credit Agreement includes a financial covenant requiring a maximum leverage ratio of the guarantor and its subsidiaries. In addition, the Credit Agreement includes customary representations and warranties, affirmative and negative covenants and events of default. As of February 3, 2024, the Company had no outstanding borrowings and $269.7 million available for future borrowings under the 2022 Credit Facility. As of January 28, 2023, the Company had $54.4 million outstanding borrowings and $217.4 million available for future borrowings under the 2022 Credit Facility.

Other Credit Facilities

The Company, through its Chinese subsidiary, maintains a short-term uncommitted bank borrowing agreement that provides for a borrowing capacity up to $30 million, primarily for working capital purposes. The Company had $17.9 million and $14.0 million in outstanding borrowings under this agreement as of February 3, 2024 and January 28, 2023, respectively.

The Company, through its Japanese subsidiary, maintains a short-term uncommitted bank borrowing agreement that provides for a borrowing capacity up to $3.7 million, primarily for working capital purposes. The Company had $3.7 million and $1.9 million in outstanding borrowings under this agreement as of February 3, 2024 and January 28, 2023, respectively.

Other

From time-to-time, the Company will obtain other financing in foreign countries for working capital to finance its local operations.

Maturities of the Company’s debt and finance lease obligations as of February 3, 2024 are as follows (in thousands):


	Debt		Finance Lease		Total
Fiscal 2025	$	35,208	$	5,573	$	40,781
Fiscal 2026	3,113		5,251		8,364
Fiscal 2027	15,142		2,649		17,791
Fiscal 2028	93		1,042		1,135
Fiscal 2029	27		214		241
Thereafter	—		701		701
Total principal payments	53,583		15,430		69,013
Less unamortized debt issuance costs	22		—		22
Total debt and finance lease obligations	$	53,561	$	15,430	$	68,991

Convertible Senior Notes and Related Transactions

Exchange and Subscription Agreements

In April 2023, the Company issued $275 million principal amount of the Initial 2028 Notes in a private placement pursuant to separate, privately negotiated exchange and subscription agreements with a limited number of holders of its 2024 Notes and certain other investors, in each case pursuant to exemptions from registration under the Securities Act of 1933, as amended. Pursuant to the exchange and subscription agreements, the Company exchanged approximately $184.9 million in aggregate principal amount of its 2024 Notes for $163.0 million in aggregate principal amount of Initial 2028 Notes and an aggregate of approximately $33.3 million in cash, representing accrued and unpaid interest and other consideration on the 2024 Notes, and issued $112.0 million aggregate principal amount of Initial 2028 Notes for cash at par. Immediately following the closing of the aforementioned April 2023 transactions, $115.1 million in aggregate principal amount of the 2024 Notes remained outstanding. In addition, the Company concurrently repurchased $42.8 million, including excise tax, of its common stock through broker-assisted market transactions, pursuant to the Company’s 2021 Share Repurchase Program. The Company evaluated all April 2023 exchanges and determined approximately 74% of the exchanged notes were accounted for as extinguishment of debt and approximately 26% were accounted for as

modification of debt. As a result of these transactions entered into during April 2023, the Company recognized a $7.7 million loss on extinguishment of debt during the first quarter of fiscal 2024.

In January 2024, the Company issued $64.8 million principal amount of Additional 2028 Notes in privately negotiated exchange and subscription agreements with a limited number of holders of its 2024 Notes. As part of these January 2024 transactions, the Company exchanged approximately $67.1 million of its 2024 Notes for approximately $64.8 million of Additional 2028 Notes. The Additional 2028 Notes have the same terms, constitute a single series with, and have the same CUSIP number as the Initial 2028 Notes. The Additional 2028 Notes were initially recorded at fair value of approximately $71.9 million upon the exchange. Immediately following the closing of these January 2024 transactions, approximately $48.1 million of the 2024 Notes remained outstanding and classified within current liabilities. In addition, the Company concurrently repurchased $21.3 million, including excise tax, of its common stock through broker-assisted market transactions, pursuant to the Company’s 2021 Share Repurchase Program. The Company evaluated all January 2024 exchanges and determined that all of the exchanged notes were accounted for as extinguishment of debt. As a result of these transactions entered into during January 2024, the Company recognized a $4.7 million loss on extinguishment of debt during the fourth quarter of fiscal 2024.

See Note 23 for information regarding additional exchange and subscription agreements entered into in March 2024 providing for the exchange of 2024 Notes for additional 2028 Notes.

3.75% Convertible Senior Notes due 2028

In connection with the issuance of the 2028 Notes, the Company entered into an indenture (the “2028 Indenture”) with respect to the 2028 Notes with U.S. Bank Trust Company, N.A., as trustee (the “2028 Trustee”). The 2028 Notes are senior unsecured obligations of the Company and bear interest at an annual rate of 3.75% payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2023. The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.

The 2028 Notes are convertible in certain circumstances into cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s common stock, at the Company’s election, at an initial conversion rate of 40.4858 shares of common stock per $1,000 principal amount of 2028 Notes, which is equivalent to an initial conversion price of approximately $24.70 per share, subject to adjustment upon the occurrence of certain events. In accordance with the terms of the 2028 Indenture, the Company has adjusted the conversion rate and the conversion price of the 2028 Notes for quarterly dividends exceeding $0.225 per share (the conversion price is approximately $24.45 per share as of February 3, 2024). Prior to November 15, 2027, the 2028 Notes are convertible only upon the occurrence of certain events and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date of the 2028 Notes.

The 2028 Notes are not redeemable prior to maturity, unless certain significant corporate events occur, and no sinking fund is provided for the 2028 Notes. As of February 3, 2024, none of the conditions allowing holders of the 2028 Notes to convert had been met. The Company expects to settle the principal amount of the 2028 Notes in fiscal 2029 in cash and any excess in shares.

If the Company undergoes a “fundamental change,” as defined in the 2028 Indenture, subject to certain conditions, holders of the 2028 Notes may require the Company to purchase for cash all or any portion of their 2028 Notes. The fundamental change purchase price will be 100% of the principal amount of the 2028 Notes to be purchased plus any accrued and unpaid interest up to but excluding the fundamental change purchase date.

The 2028 Indenture contains certain other customary terms and covenants, including that upon certain events of default occurring and continuing, either the 2028 Trustee or the holders of at least 25% in principal amount of the outstanding 2028 Notes may declare 100% of the principal of, and accrued and unpaid interest on, all the 2028 Notes to be due and payable.

In connection with the exchange of the 2024 Notes in January 2024, the conversion feature embedded in the Additional 2028 Notes failed to satisfy the requirements for the derivative scope exception for contracts indexed in the Company’s own stock. The conversion feature of the Additional 2028 Notes required bifurcation from the

host contract. The embedded derivative was initially measured at fair value of $16.2 million. Debt discount of $9.6 million was recorded as the excess of the principal amount of the Additional 2028 Notes over the fair value of the host contract. The debt discount will be amortized to interest expense using an effective interest rate of 8.8% over the term of the Additional 2028 Notes.

During fiscal 2024, the Company incurred $5.9 million and $2.0 million of debt issuance costs, including third-party offering costs, related to the Initial 2028 Notes and the Additional 2028 Notes, respectively. Debt issuance costs were recorded as a contra-liability (other than $0.5 million expensed related to 2024 Notes that were subject to modification accounting) and are presented net against the 2028 Notes balance on the Company’s consolidated balance sheets. These costs are being amortized to interest expense over the term of the 2028 Notes.

2.00% Convertible Senior Notes due 2024

In April 2019, the Company issued $300 million principal amount of the 2024 Notes in a private offering. In connection with the issuance of the 2024 Notes, the Company entered into an indenture (the “2024 Indenture”) with respect to the Notes with U.S. Bank N.A., as trustee (the “2024 Trustee”). The Notes are senior unsecured obligations of the Company and bear interest at an annual rate of 2.00% payable semi-annually in arrears on April 15 and October 15 of each year. The Company incurred $5.3 million debt issuance costs, which were comprised of $3.8 million of discounts and commissions payable to the initial purchasers and approximately $1.5 million of third-party offering costs. These costs have been amortized to interest expense over the term of the 2024 Notes. As previously noted, $48.1 million of the 2024 Notes remains outstanding and will mature on April 15, 2024, unless earlier repurchased or converted in accordance with their terms.

The 2024 Notes are convertible as described below into cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s common stock, at the Company’s election, at an initial conversion rate of 38.7879 shares of common stock per $1,000 principal amount of 2024 Notes, which is equivalent to an initial conversion price of approximately $25.78 per share, subject to adjustment upon the occurrence of certain events. In accordance with the terms of the 2024 Indenture, the Company has adjusted the conversion rate and the conversion price of the 2024 Notes for quarterly dividends exceeding $0.1125 per share (approximately $24.28 per share as of February 3, 2024). Prior to November 15, 2023, the 2024 Notes were convertible only upon the occurrence of certain events and during certain periods. Beginning November 15, 2023, the 2024 Notes became convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date of the 2024 Notes. The 2024 Notes are not redeemable prior to maturity, unless certain significant corporate events occur, and no sinking fund is provided for the 2024 Notes. The Company expects to settle the principal amount of the 2024 Notes in fiscal 2025 in cash and any excess in shares.

If the Company undergoes a “fundamental change,” as defined in the 2024 Indenture, subject to certain conditions, holders of the 2024 Notes may require the Company to purchase for cash all or any portion of their 2024 Notes. The fundamental change purchase price will be 100% of the principal amount of the 2024 Notes to be purchased plus any accrued and unpaid interest up to but excluding the fundamental change purchase date.

The 2024 Indenture contains certain other customary terms and covenants, including that upon certain events of default occurring and continuing, either the 2024 Trustee or the holders of at least 25% in principal amount of the outstanding 2024 Notes may declare 100% of the principal of, and accrued and unpaid interest on, all the 2024 Notes to be due and payable.

On January 30, 2022, the Company adopted new authoritative guidance which simplified the accounting for convertible instruments and contracts in an entity’s own equity using the modified retrospective method. Prior to adoption, the Company separated the 2024 Notes into liability and equity components. The liability component was recorded at fair value. The equity component represented the difference between the proceeds from the issuance of the 2024 Notes and the fair value of the liability component. The excess of the principal amount of the liability component over its carrying amount (“debt discount”) was being amortized to interest expense using an effective interest rate of 6.8% over the term of the 2024 Notes. The equity component was not remeasured as long as it continued to meet the conditions for equity classification. During fiscal 2022, the Company recorded $11.1 million of interest expense related to the amortization of the debt discount. As a result of the adoption of the authoritative guidance on January 30, 2022, the Company derecognized the remaining unamortized debt discount

on the 2024 Notes and recorded no interest expense related to the amortization of the debt discount on the 2024 Notes during fiscal 2023 and fiscal 2024.

The Notes consist of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023
2024 Notes
Principal	$	48,078	$	300,000
Unamortized debt issuance costs	(30)		(1,069)
Net carrying amount	$	48,048	$	298,931

Fair value, net1	$	49,182	$	331,862
Initial 2028 Notes
Principal	$	275,000	$	—
Unamortized debt discount and issuance costs2	(8,034)		—
Net carrying amount	$	266,966	$	—

Fair value, net1	$	295,550	$	—

Additional 2028 Notes
Principal	$	64,826	$	—
Unamortized debt discount and issuance costs	(11,465)		—
Embedded derivative3	16,390		—
Net carrying amount	$	69,751	$	—

Fair value, net1	$	60,099	$	—

_____________________________________________________________________

1The fair value of the Notes is determined based on inputs that are observable in the market and have been classified as Level 2 in the fair value hierarchy. See Note 20 for further information regarding the fair value measurement of the Notes.

2The unamortized debt discount related to the Initial 2028 Notes is due to the result of the modification accounting for a portion of the exchanged notes. This discount represents both an increase in the fair value of the embedded conversion feature, which is calculated as the difference between the fair value of the embedded conversion feature immediately before and after the exchange, and cash paid to modified noteholders. The change in conversion feature value reduces the carrying amount of the convertible debt instrument with a corresponding increase in additional paid-in capital. The additional cash paid to modified noteholders increased the debt discount. This debt discount is being amortized to interest expense using an effective interest rate of 4.5% over five years.

3The fair value of the embedded derivative is measured using significant unobservable inputs and are classified as Level 3 in the fair value hierarchy. See Note 20 for further information regarding the fair value measurement of the embedded derivative.

Interest expense for the Notes consists of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
2024 Notes
Coupon interest	$	2,711	$	6,000	$	6,000
Amortization of debt discount and issuance costs	404		838		11,981
Total	$	3,115	$	6,838	$	17,981
Initial 2028 Notes
Coupon interest	$	8,135	$	—	$	—
Amortization of debt discount and issuance costs	1,309		—		—
Total	$	9,444	$	—	$	—
Additional 2028 Notes
Coupon interest	$	716	$	—	$	—
Amortization of debt discount and issuance costs	148		—		—
Total	$	864	$	—	$	—

Convertible Bond Hedge and Warrant Transactions

In April 2023, in connection with the offering of the Initial 2028 Notes, the Company entered into convertible note hedge transactions whereby the Company had the option to purchase a total of approximately 11.1 million shares of its common stock at an initial strike price of approximately $24.70 per share (the “Initial

2028 Bond Hedge”). The total cost of the Initial 2028 Bond Hedge transactions was $51.8 million. In addition, the Company sold warrants whereby the holders of the warrants had the option to purchase a total of approximately 11.1 million shares of the Company’s common stock at an initial strike price of $41.80 per share (the “Initial 2028 Warrants”). The Company received $20.2 million in cash proceeds from the sale of these warrants. Both the number of shares underlying the Initial 2028 Bond Hedge and Initial 2028 Warrants and the strike price of the instruments are subject to customary adjustments. In accordance with the original terms of the Initial 2028 Bond Hedge confirmations and Initial 2028 Warrants confirmations, the Company has adjusted the strike prices with respect to the Initial 2028 Bond Hedge and the Initial 2028 Warrants for quarterly dividends exceeding $0.225 per share (approximately $24.45 per share and $41.37 per share as of February 3, 2024, respectively). The purchase of the Initial 2028 Bond Hedge is intended to offset dilution from the conversion of the Initial 2028 Notes to the extent the market price per share of the Company’s common stock exceeds the then-applicable strike price of the Initial 2028 Bond Hedge. The warrant transaction may have a dilutive effect with respect to the Company’s common stock to the extent the market price per share of the Company’s common stock exceeds the then-applicable strike price of the warrants. In April 2023, the Initial 2028 Bond Hedge and the Initial 2028 Warrants were recorded in stockholders’ equity, were not accounted for as derivatives and were not remeasured each reporting period.

Concurrently, in connection with the retirement of $184.9 million in principal amount of the 2024 Notes in April 2023, the Company entered into Partial Termination Agreements with certain financial institutions to unwind a portion of the convertible note hedge transactions and warrant transactions the Company had entered into in connection with the issuance of the 2024 Notes. The terminated portion is in a notional amount corresponding to the amount of exchanged 2024 Notes. As a result, the Company received $7.2 million, which reduced the number of purchase options to approximately 4.6 million shares of common stock at an adjusted strike price of approximately $24.92 per share. Additionally, the Company paid $1.0 million related to terminated warrants, which reduced the number of shares that may be purchased pursuant to the warrants to 4.6 million shares of common stock at an adjusted strike price of approximately $45.31 per share. This transaction resulted in a $6.2 million net increase in paid-in capital in the Company’s consolidated balance sheet as of April 29, 2023. For the remaining portion of the convertible note hedge transactions and warrant transactions entered into in connection with the 2024 Notes, both the number of shares underlying the instruments and the strike price of the instruments are subject to customary adjustments pursuant to their original terms. In accordance with the original terms of the convertible note hedge confirmations and warrant confirmations, respectively, the Company has adjusted the strike prices with respect to the convertible note hedges and warrants for quarterly dividends exceeding $0.1125 per share (approximately $24.28 per share and $44.15 per share as of February 3, 2024, respectively). The remaining convertible note hedges and warrant transactions continue to serve to partially offset the potential dilution arising from the conversion of the 2024 Notes that remain outstanding.

In connection with the exchange of the 2024 Notes in January 2024, the Company purchased incremental bond hedges (the “Additional 2028 Bond Hedge”, together with the Initial 2028 Bond Hedge, “2028 Bond Hedge”) and sold incremental warrants (the “Additional 2028 Warrants”) with the same terms and conditions as the Initial 2028 Bond Hedge and the Initial 2028 Warrants, each with a notional amount equal to the notional amount of the Additional 2028 Notes issued in January 2024. The Company paid a premium of $16.2 million to purchase the Additional 2028 Bond Hedge and received $5.8 million for the issuance of the Additional 2028 Warrants. The Additional 2028 Bond Hedge purchased and the Additional 2028 Warrants issued have terms that are identical to the Initial 2028 Bond Hedge and the Initial 2028 Warrants, except the notional amounts match the number of shares issuable upon conversion of the Additional 2028 Notes. Similarly, in connection with the retirement of $67.1 million in principal amount of the 2024 Notes in January 2024, the Company entered into a Partial Termination Agreement with a certain financial institution to unwind a portion of the convertible note hedge transactions and warrant transactions the Company had entered into in connection with the issuance of the 2024 Notes. The terminated portion is in a notional amount corresponding to the amount of exchanged 2024 Notes. As a result, the Company received $1.9 million for the unwind of the convertible bond hedge and paid $0.1 million for the unwind of the warrants. This transaction resulted in a $1.8 million net increase in paid-in capital in the Company’s consolidated balance sheet as of February 3, 2024. As a result of the unwind transactions, the convertible note hedge transactions and warrant transactions that remain outstanding have a

notional amount of approximately 2.0 million shares of common stock, corresponding to the number of shares into which the remaining 2024 Notes are convertible.

The Additional 2028 Warrants meet the scope exception for derivatives indexed to and settled in the Company’s own stock. Therefore, the Additional 2028 Warrants are recorded in stockholders’ equity, are not accounted for as derivatives and are not remeasured each reporting period. The Additional 2028 Bond Hedge does not qualify for the scope exception for derivatives indexed to the Company’s own stock because the settlement of the Additional 2028 Bond Hedge is indexed to the same inputs as the settlement of the Additional 2028 Notes which do not qualify for the scope exception. Additionally, in connection with the purchase of the Additional 2028 Bond Hedge, the Initial 2028 Bond Hedge was modified and merged with the Additional 2028 Bond Hedge. The result is that the Initial 2028 Bond Hedge no longer qualifies for the derivative scope exception for contracts indexed to the Company’s own stock. As a result, in January 2024, the Company recognized a derivative asset of $84.7 million for the 2028 Bond Hedge in other assets in the Company’s consolidated balance sheet, of which $16.2 million relates to the Additional 2028 Bond Hedge purchased for cash and $68.5 million relates to the reclassification of the pre-existing Initial 2028 Bond Hedge, which resulted in an increase of $68.5 million in paid-in capital in the Company’s consolidated balance sheet. The 2028 Bond Hedge is subsequently required to be remeasured to fair value each reporting period with changes in fair value recognized in net earnings (loss).

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Property and Equipment - Narrative (Details) $ in Thousands	12 Months Ended
Property and Equipment - Narrative (Details) $ in Thousands	Feb. 03, 2024 USD ($) retail_location	Jan. 28, 2023 USD ($) retail_location	Jan. 29, 2022 USD ($)
Property, Plant and Equipment [Abstract]
Accumulated depreciation and amortization related to assets under finance leases \| $	$ 26,800	$ 18,800
Asset impairment charges \| $	$ 6,393	$ 9,474	$ 2,400
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]	Asset impairment charges	Asset impairment charges	Asset impairment charges
Number of retail locations tested for impairment \| retail_location	388	519
Number of retail locations impaired \| retail_location	101	80

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Feb. 03, 2024

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

GUESS?, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


	Balance at Beginning of Period		Costs Charged to Expenses		Deductions and Write-offs		Balance at End of Period
Description
As of February 3, 2024
Allowance for doubtful accounts	$	8,554	$	181	$	(1,559)	$	7,176
Allowance for markdowns	17,530		19,188		(23,786)		12,932
Allowance for sales returns	35,670		107,063		(108,527)		34,206


Allowance for deferred tax asset valuation	45,063		10,168		—		55,231
Total	$	106,817	$	136,600	$	(133,872)	$	109,545
As of January 28, 2023
Allowance for doubtful accounts	$	11,039	$	907	$	(3,392)	$	8,554
Allowance for markdowns	19,014		26,720		(28,204)		17,530
Allowance for sales returns	38,419		123,525		(126,274)		35,670
Allowance for deferred tax asset valuation	55,278		2,777		(12,992)		45,063
Total	$	123,750	$	153,929	$	(170,862)	$	106,817
As of January 29, 2022
Allowance for doubtful accounts	$	14,200	$	4,670	$	(7,831)	$	11,039
Allowance for markdowns	16,245		21,159		(18,390)		19,014
Allowance for sales returns	27,193		122,672		(111,446)		38,419
Allowance for deferred tax asset valuation	54,131		1,147		—		55,278
Total	$	111,769	$	149,648	$	(137,667)	$	123,750

Audit Information	12 Months Ended
Audit Information	Feb. 03, 2024
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	42

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 210,717	$ 161,544	$ 180,049
Foreign currency translation adjustment
Gains (losses) arising during the period	(4,192)	8,425	(30,857)
Derivative financial instruments designated as cash flow hedges
Gains arising during the period	6,116	207	11,460
Less income tax effect	(665)	(160)	(1,339)
Reclassification to net earnings for (gains) losses realized	(5,039)	(10,016)	2,323
Less income tax effect	628	1,105	(288)
Defined benefit plans
Net actuarial gains	3,825	3,890	2,805
Foreign currency and other adjustments	(361)	627	340
Less income tax effect	(581)	(1,340)	(595)
Net actuarial loss amortization	256	615	420
Prior service credit amortization	(160)	(90)	(67)
Less income tax effect	(9)	(55)	(42)
Total comprehensive income	210,535	164,752	164,209
Less comprehensive income attributable to noncontrolling interests:
Net earnings	12,518	11,934	8,686
Foreign currency translation adjustment	2,755	1,732	(966)
Amounts attributable to noncontrolling interests	15,273	13,666	7,720
Comprehensive income attributable to Guess?, Inc.	$ 195,262	$ 151,086	$ 156,489

Commitments and Contingencies (Tables)

12 Months Ended

Feb. 03, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of reconciliation of the total carrying amount of redeemable noncontrolling interests

A reconciliation of the total carrying amount of redeemable noncontrolling interests is (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023
Beginning balance	$	9,154	$	9,500
Foreign currency translation adjustment	(51)		(346)
Purchase of redeemable noncontrolling interest	(8,581)		—
Ending balance	$	522	$	9,154

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Federal:
Current	$ 7,876	$ 8	$ 149,811
Deferred	2,270	10,577	9,859
State:
Current	1,546	(1,963)	10,433
Deferred	1,211	85	2,443
Foreign:
Current	30,071	28,844	13,592
Deferred	(17,556)	(1,049)	(112,458)
Total	$ 25,418	$ 36,502	$ 73,680

Stockholders' Equity

12 Months Ended

Feb. 03, 2024

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Dividends

The following sets forth the cash dividend declared per share:


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Cash dividend declared per share	$	1.1250	$	0.9000	$	0.5625

The 2024 Indenture requires an adjustment to the conversion rate and the conversion price of the 2024 Notes for dividends exceeding $0.1125 per share. The 2028 Indenture requires an adjustment to the conversion rate and the conversion price of the 2028 Notes for dividends exceeding $0.225 per share.

On May 24, 2023, the Company announced an increase to its regular quarterly cash dividend from $0.225 to $0.30 per share on the Company’s common stock. In accordance with the terms of the indentures governing the respective Notes, the Company has adjusted the conversion rates and the conversion prices of the 2024 Notes and the 2028 Notes for quarterly dividends exceeding $0.1125 per share and $0.225 per share, respectively. Corresponding adjustments have been made to the strike prices with respect to the convertible note hedges and the warrants entered into by the Company in connection with the offerings of the corresponding Notes, each of which was decreased in accordance with the terms of the applicable convertible note hedge confirmations and warrant confirmations. Refer to Note 10 for more information. See also Note 23 for information regarding the impact of the quarterly dividend and extraordinary dividend announced in March 2024, and payable on May 3, 2024 to shareholders of record as of the close of business on April 17, 2024, on the conversation rate and conversion price of the 2028 Notes and the strike prices with respect to the corresponding convertible note hedges and warrants.

For each of the periods presented, dividends paid also included the impact from vesting of restricted stock units that are considered non-participating securities and are only entitled to dividend payments once the respective awards vest.

Decisions on whether, when and in what amounts to continue making any future dividend distributions will remain at all times entirely at the discretion of the Company’s Board of Directors, which reserves the right, in its sole discretion, to change or terminate the Company’s dividend practices at any time and for any reason without prior notice. The payment of cash dividends in the future will be based upon a number of business, legal and other considerations, including changes in the Company’s financial position, capital allocation plans (including a desire to retain or accumulate cash), capital spending plans, stock purchase plans, acquisition strategies, strategic initiatives, debt payment plans (including a desire to maintain or improve credit ratings on the Company’s debt securities), debt covenant requirements, pension funding or other benefit payments.

Accumulated Other Comprehensive Income (Loss)

The changes in AOCL, net of related income taxes, are (in thousands):


	Foreign Currency Translation Adjustment		Derivative Financial Instruments Designated as Cash Flow Hedges		Defined Benefit Plans		Total
Balance at January 30, 2021	$	(105,970)	$	(4,876)	$	(9,829)	$	(120,675)
Gains (losses) arising during the period	(29,891)		10,121		2,550		(17,220)
Reclassification to net earnings for losses realized	—		2,035		311		2,346
Net OCL	(29,891)		12,156		2,861		(14,874)

Balance at January 29, 2022	$	(135,861)	$	7,280	$	(6,968)	$	(135,549)
Gains arising during the period	6,693		47		3,177		9,917
Reclassification to net earnings for (gains) losses realized	—		(8,911)		470		(8,441)
Net OCL	6,693		(8,864)		3,647		1,476
Balance at January 28, 2023	$	(129,168)	$	(1,584)	$	(3,321)	$	(134,073)
Gains (losses) arising during the period	(6,947)		5,451		2,883		1,387
Reclassification to net earnings for (gains) losses realized	—		(4,411)		87		(4,324)
Net OCL	(6,947)		1,040		2,970		(2,937)

Balance at February 3, 2024	$	(136,115)	$	(544)	$	(351)	$	(137,010)

Details on reclassifications out of AOCL to net earnings are as follows (in thousands):


	Year Ended						Location of (Gain) Loss Reclassified from AOCL into Earnings
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Derivative financial instruments designated as cash flow hedges:
Foreign exchange currency contracts	$	(4,392)	$	(9,988)	$	2,051	Cost of product sales

Interest rate swap	(647)		(28)		272		Interest expense
Less income tax effect	628		1,105		(288)		Income tax expense
	(4,411)		(8,911)		2,035




Defined benefit plans:
Net actuarial loss amortization	256		615		420		Other expense
Prior service credit amortization	(160)		(90)		(67)		Other expense
Less income tax effect	(9)		(55)		(42)		Income tax expense
	87		470		311
Total reclassifications to net earnings for (gains) losses realized during the period	$	(4,324)	$	(8,441)	$	2,346

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
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+ Details

Lease Accounting - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 207,575	$ 220,767	$ 225,652
New operating ROU assets obtained in exchange for lease liabilities	$ 165,889	$ 131,363	$ 156,102

Segment Information - Geographic Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 2,776,530	$ 2,687,350	$ 2,591,631
Long-lived assets	$ 972,797	$ 932,236
Fiscal period duration	371 days	364 days	364 days
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 259,055	$ 232,061
Italy
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	138,572	140,261
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	46,562	48,095
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	14,998	8,174
Spain
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	104,552	107,859
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	28,606	17,315
Other foreign countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	380,452	378,471
Product sales
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	2,663,282	2,583,913	$ 2,494,922
Product sales \| U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	617,009	673,868	722,610
Product sales \| Italy
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	312,908	289,170	265,106
Product sales \| Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	198,664	187,888	189,083
Product sales \| South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	171,819	140,449	126,563
Product sales \| Spain
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	161,377	150,045	137,037
Product sales \| Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	158,521	175,485	150,339
Product sales \| Other foreign countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	1,042,984	967,008	904,184
Net royalties
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 113,248	$ 103,437	$ 96,709

Inventories (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 1,488	$ 1,807
Work in progress	3	3
Finished goods	464,806	509,089
Inventories	466,297	510,899
Allowance to write down inventories to the lower of cost or net realizable value	$ 25,500	$ 30,300

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Computed “expected” tax rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	0.70%	1.10%	1.60%
Intra-entity intellectual property transfer tax rate difference	3.10%	0.00%	1.60%
GILTI	2.20%	2.40%	0.60%
Unrecognized tax liabilities (benefits)	0.70%	2.50%	(0.60%)
Tax Reform - repatriation tax adjustment	0.40%	0.40%	0.20%
Tax settlements	0.30%	0.00%	0.00%
Subpart F Income	0.20%	0.00%	4.50%
Valuation reserve	0.20%	(4.00%)	0.70%
Non-deductible participation loss	0.00%	0.00%	1.80%
Foreign derived intangible income	0.00%	0.00%	(1.50%)
Share-based compensation	(0.20%)	(0.20%)	(0.40%)
Prior year income tax adjustments	(0.80%)	(1.20%)	0.40%
Non-deductible permanent differences	(1.10%)	1.60%	0.60%
Non-U.S. tax expense versus U.S. federal statutory tax rate	(2.70%)	(4.80%)	(2.40%)
Basis step up	(13.60%)	0.00%	0.00%
Other, net	0.40%	(0.40%)	0.90%
Effective income tax rate	10.80%	18.40%	29.00%
Intellectual property sales tax rate difference, amount	$ 11.0		$ 4.0
Foreign derived intangible income, amount			$ 37.0

Description of the Business and Summary of Significant Accounting Policies and Practices - Convertible Senior Notes (Details) - USD ($)	1 Months Ended		12 Months Ended
	Jan. 31, 2024	Apr. 29, 2023	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022	Apr. 30, 2019
Summary of Significant Accounting Policies [Line Items]
Convertible senior notes issued upon exchange			$ 233,342,000	$ 0	$ 0
2024 Notes \| Senior notes
Summary of Significant Accounting Policies [Line Items]
Convertible senior notes issued						$ 300,000,000
Interest rate (as a percent)						2.00%
Original convertible senior notes exchanged	$ 67,100,000	$ 184,900,000
Initial 2028 Notes \| Senior notes
Summary of Significant Accounting Policies [Line Items]
Convertible senior notes issued		275,000,000
Convertible senior notes issued upon exchange		$ 163,000,000
Additional 2028 Notes \| Senior notes
Summary of Significant Accounting Policies [Line Items]
Convertible senior notes issued upon exchange	$ 64,800,000

Description of the Business and Summary of Significant Accounting Policies and Practices

12 Months Ended

Feb. 03, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of the Business and Summary of Significant Accounting Policies and Practices

Description of the Business

Guess?, Inc. (the “Company” or “GUESS?”) designs, markets, distributes and licenses a leading lifestyle collection of contemporary apparel and accessories for women, men and children that reflect the American lifestyle and European fashion sensibilities. The Company’s designs are sold in GUESS? owned stores, to a network of wholesale accounts that includes better department stores, selected specialty retailers and upscale boutiques and through the Internet. GUESS? branded products, some of which are produced under license, are also sold internationally through a series of retail store licensees and wholesale distributors.

Reclassifications

The Company has made certain reclassifications to prior period amounts to conform to the current period presentation within the accompanying consolidated financial statements and notes to the consolidated financial statements.

Fiscal Year

The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. All references herein to “fiscal 2024” represent the results of the 53-week fiscal year ended February 3, 2024, with the extra week occurring in the fourth quarter of the year. All references herein to “fiscal 2023” and “fiscal 2022” represent the results of the 52-week fiscal years ended January 28, 2023 and January 29, 2022. References to “fiscal 2025” represent the 52-week fiscal year ending February 1, 2025.

Principles of Consolidation

The consolidated financial statements include the accounts of Guess?, Inc., its wholly-owned direct and indirect subsidiaries and its non-wholly-owned subsidiaries and joint ventures in which the Company has a controlling financial interest or is determined to be the primary beneficiary. Accordingly, all references herein to “Guess?, Inc.” include the consolidated results of the Company, its wholly-owned subsidiaries and its joint ventures. All intercompany accounts and transactions are eliminated during the consolidation process.

Use of Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the amounts reported in the financial statements and disclosed in the accompanying notes. Significant areas requiring the use of management estimates relate to the allowances for doubtful accounts, sales return and markdown allowances, valuation of inventories, share-based compensation, income taxes, recoverability of deferred income taxes, unrecognized income tax benefits, the useful life of assets for depreciation and amortization, evaluation of asset impairment (including goodwill and long-lived assets, such as property and equipment and operating lease right-of-use (“ROU”) assets), pension obligations, workers’ compensation and medical self-insurance expense and accruals, litigation reserves, restructuring expense and accruals and convertible senior notes. These estimates and assumptions may change as a result of the impact of global economic conditions, such as the uncertainty regarding the impact of public health crises, the ongoing Russia-Ukraine war, global inflationary pressures, volatility in foreign exchange rates and declining consumer spending. Actual results could differ from those estimates. Revisions in estimates could materially impact the results of operations and financial position.

The Company’s operations could be impacted in ways the Company is not able to predict today. While the Company believes it has made reasonable accounting estimates based on the facts and circumstances that were available as of the reporting date, to the extent there are differences between these estimates and actual results, the Company’s results of operations and financial position could be materially impacted.

Business Update, Market Trends and Uncertainties

Macroeconomic conditions, including inflation, higher interest rates, foreign exchange rate fluctuations, declines in consumer spending, the impact of the ongoing conflicts in Ukraine and Gaza and lingering public health crises are continuing to negatively impact the Company’s businesses.

The lingering effects of public health crises and other factors have also contributed to disruptions in the overall global supply chain, leading to industry-wide product delays and higher freight costs. The Company has been working actively to mitigate these headwinds to the extent possible through a number of global supply chain initiatives.

The Company continues to carefully monitor global and regional developments, and respond appropriately. The Company also continues to strategically manage expenses in order to protect profitability and to mitigate, to the extent possible, the residual effect of supply chain disruptions. The duration and scope of these conditions cannot be predicted, and therefore, any anticipated negative financial impact to the Company’s operating results cannot be reasonably estimated.

Business Segment Reporting

Where applicable, the Company reports information about business segments and related disclosures about products and services, geographic areas and major customers. The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Europe, Americas Retail, Americas Wholesale, Asia and Licensing. The Company’s Europe, Americas Retail, Americas Wholesale and Licensing reportable segments are the same as their respective operating segments. Certain components of the Company’s Asia reportable segment are separate operating segments based on regions, which have been aggregated into the Asia reportable segment for disclosure purposes. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, asset impairment charges, net gains (losses) from lease modifications, restructuring charges and certain non-recurring credits (charges), if any. The Company believes this segment reporting reflects how its business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions. The Europe segment includes the Company’s retail, e-commerce and wholesale operations in Europe and the Middle East. The Americas Retail segment includes the Company’s retail and e-commerce operations in the Americas. The Americas Wholesale segment includes the Company’s wholesale operations in the Americas. The Asia segment includes the Company’s retail, e-commerce and wholesale operations in Asia and the Pacific. The Licensing segment includes the worldwide licensing operations of the Company. The business segment operating results exclude corporate overhead costs, which consist of shared costs of the organization, asset impairment charges, net gains (losses) on lease modifications, restructuring charges and certain non-recurring credits (charges), if any. Corporate overhead costs are presented separately and generally include, among other things, the following unallocated corporate costs: accounting and finance, executive compensation, corporate performance-based compensation, facilities, global advertising and marketing, human resources, information technology and legal. Information regarding these segments is summarized in Note 17.

Revenue Recognition

Products Transferred at a Point in Time

The Company recognizes the majority of its revenue from its direct-to-consumer (brick-and-mortar retail stores and concessions as well as e-commerce) and wholesale distribution channels at a point in time when it satisfies a performance obligation and transfers control of the product to the respective customer. For the Company’s brick-and-mortar retail stores and concessions, revenue is typically recognized at the point of sale and includes estimates of variable consideration such as allowances for sales returns and loyalty award obligations, where applicable. Revenue generated from the Company’s e-commerce sites is recognized when merchandise is transferred to a common carrier. Revenue generated from the Company’s wholesale distribution channel is recognized when control transfers to the customer, which generally occurs upon shipment. The amount of revenue that is recognized is based on the transaction price, which represents the invoiced amount and includes estimates

of variable consideration such as allowances for sales returns and markdowns, where applicable. The amount of variable consideration included in the transaction price may be constrained and is included only to the extent that it is probable that a significant reversal in the amount of the cumulative revenue recognized under the contract will not occur in a future period.

The Company accepts payments at its brick-and-mortar retail locations and its e-commerce sites in the form of cash, credit cards, gift cards and loyalty points, where applicable. Payment terms, typically less than one year, are offered to the Company’s wholesale customers and do not include a significant financing component. The Company extends credit to wholesale customers based upon an evaluation of the customer’s financial condition and credit history and generally requires no collateral but does obtain credit insurance when considered appropriate. As of February 3, 2024, approximately 51% of the Company’s total net trade accounts receivable and 63% of its European net trade receivables were subject to credit insurance coverage, certain bank guarantees or letters of credit for collection purposes. The Company’s credit insurance coverage contains certain terms and conditions specifying deductibles and annual claim limits.

The Company recognizes an allowance for credit losses expected to be incurred over an asset’s lifetime. The Company maintains allowances for doubtful accounts for estimated losses that result from the inability of its wholesale customers to make their required payments. The Company bases its allowances on analysis of the aging of accounts receivable at the date of the financial statements, assessments of historical and current collection trends, an evaluation of the impact of current economic conditions and whether the Company has obtained credit insurance or other guarantees which are not considered freestanding against the related account receivable balances. Management performs regular evaluations concerning the ability of its customers to make required payments and records a provision for doubtful accounts based on these evaluations. The Company’s credit losses for the periods presented were not significant compared to sales and did not significantly exceed management’s estimates. Refer to Note 3 for further information regarding the Company’s allowance for doubtful accounts.

Shipping and handling costs associated with outbound freight incurred to transfer a product to a customer are accounted for as fulfillment costs and are included in selling, general and administrative (“SG&A”) expenses. Sales and usage-based taxes collected from customers and remitted directly to governmental authorities are excluded from net revenues.

Sales Return Allowances

The Company accrues for estimated sales returns in the period in which the related revenue is recognized. To recognize the financial impact of sales returns, the Company estimates the amount of goods that will be returned based on historical experience and current trends and reduces sales and cost of sales accordingly. The Company’s policy allows retail customers in certain regions a grace period to return merchandise following the date of sale. Substantially all of these returns are considered to be resalable at a price that exceeds the cost of the merchandise. The Company includes the allowance for sales returns in accrued expenses and the estimated cost associated with such sales returns within other current assets in its consolidated balance sheet. As of February 3, 2024, the Company included $34.2 million in accrued expenses related to the allowance for sales returns and $14.8 million in other current assets related to the estimated cost of such sales returns. As of January 28, 2023, the Company included $35.7 million in accrued expenses related to the allowance for sales returns and $16.5 million in other current assets related to the estimated cost of such sales returns.

Markdown Allowances

Costs associated with customer markdowns are recorded as a reduction to revenues and any amounts unapplied to existing receivables are included in accrued expenses. Historically, these markdown allowances resulted from seasonal negotiations with the Company’s wholesale customers, as well as historical trends and the evaluation of the impact of current economic conditions. The Company included $12.9 million and $17.5 million in accrued expenses related to the allowance for markdowns as of February 3, 2024 and January 28, 2023, respectively.

Gift Cards

Gift card breakage is income recognized due to the non-redemption of a portion of gift cards sold by the Company for which a liability was recorded in prior periods. Gifts cards are mainly used in the U.S. and Canada. The Company issues its gift cards in the U.S. and Canada through one of its subsidiaries and is not required by law to escheat the value of unredeemed gift cards to the state in which the subsidiary is domiciled. Estimated breakage amounts are accounted for under the redemption recognition method and are classified as additional net revenues as the gift cards are redeemed. The Company’s gift card breakage rate is approximately 8.2% and 7.9% for the U.S. retail business and Canadian retail business, respectively, based upon historical redemption patterns, which represents the cumulative estimated amount of gift card breakage from the inception of the electronic gift card program in late 2002. Based upon historical redemption trends, the Company recognizes estimated gift card breakage as a component of net revenue in proportion to actual gift card redemptions, over the period that remaining gift card values are redeemed. Any future revisions to the estimated breakage rate may result in changes in the amount of breakage income recognized in future periods. In fiscal 2024, fiscal 2023 and fiscal 2022, the Company recognized $0.3 million, $0.7 million and $1.0 million of gift card breakage to revenue, respectively. The Company included $5.2 million and $4.7 million in accrued expenses related to its gift card liability for fiscal 2024 and fiscal 2023.

Loyalty Programs

The Company has customer loyalty programs in North America, Europe and Asia which cover all of its brands. Under certain of the programs, primarily in the U.S. and Canada, customers accumulate points based on purchase activity. Once a loyalty program member achieves a certain point level, the member earns awards that may only be redeemed for merchandise. Unredeemed points generally expire after six months without additional purchase activity and unredeemed awards generally expire after two months. Where applicable, the Company allocates a portion of the transaction price from sales in its direct-to-consumer channel to its loyalty program by using historical redemption rates to estimate the value of future award redemptions. This amount is accrued in current liabilities and recorded as a reduction of net revenue in the period which the related revenue is recognized. During fiscal 2024, fiscal 2023 and fiscal 2022, activity related to the Company’s loyalty programs decreased net revenue by $0.7 million, $0.2 million and $0.6 million, respectively. The aggregate dollar value of the loyalty program accruals included in accrued expenses was $6.8 million and $6.1 million as of February 3, 2024 and January 28, 2023, respectively. Future revisions to the estimated liability may result in changes to net revenue.

Intellectual Property Transferred Over Time

The Company’s trademark license agreements represent symbolic licenses that are dependent on the Company’s continued support over the term of the license agreement. The revenue recognized from the licensing arrangements is based on sales-based royalty and advertising fund contributions, as well as specific fixed payments, where applicable.

The typical license agreement requires that the licensee pay the Company the greater of a royalty based on a percentage of the licensee’s net sales of licensed products or a guaranteed annual minimum royalty that typically increases over the term of the license agreement. Generally, licensees are also required to make contributions to advertising funds, as a percentage of their sales, or may elect to increase their contribution to support specific brand-building initiatives. The Company recognizes revenue from sales-based royalty and advertising fund contributions when the related sales occur, which is consistent with the timing of when the performance obligation is satisfied. The Company records advertising contributions received from its licensees and the related advertising expenditures incurred by the Company on a gross basis in its consolidated statements of income (loss). The Company records royalty and advertising payments received on the Company’s purchases of licensed product as a reduction of the cost of the licensed product.

The Company’s trademark license agreements customarily provide for a multi-year initial term generally ranging from three to ten years, and may contain options to renew prior to expiration for an additional multi-year period. Several of the Company’s key license agreements provide for specified, fixed cash rights payments over and above our normal, ongoing royalty payments in consideration of the grant of the license rights. These payments are recognized ratably as revenue over the term of the license agreement and do not include a significant

financing component. The unrecognized portion of upfront payments is included in deferred royalties in accrued expenses and other long-term liabilities depending on the short or long-term nature of the payments to be recognized. As of February 3, 2024, the Company had $5.0 million and $14.8 million of deferred royalties related to these upfront payments included in accrued expenses and other long-term liabilities, respectively. This compares to $4.8 million and $15.2 million of deferred royalties included in accrued expenses and other long-term liabilities, respectively, at January 28, 2023. In fiscal 2024, fiscal 2023 and fiscal 2022, the Company recognized $14.3 million, $13.4 million and $14.0 million in net royalties, respectively, related to the amortization of the deferred royalties. As of February 3, 2024, the Company had $6.9 million of deferred advertising related to these upfront payments included in accrued expenses. This compares to $5.7 million of deferred advertising included in accrued expenses at January 28, 2023. In fiscal 2024, fiscal 2023 and fiscal 2022, the Company recognized $1.2 million, $1.1 million and $1.7 million, respectively, related to the amortization of the deferred advertising.

Contract balances related to the Company’s licensing distribution channel consist primarily of royalty receivables and liabilities related to deferred royalties. Refer to Note 3 for further information on royalty receivables.

Information regarding the intellectual property transfer is summarized in Note 12. Refer to Note 17 for further information on disaggregation of revenue by segment and country.

Classification of Certain Costs and Expenses

Distribution costs, including labor, inbound freight charges, purchasing costs and related overhead, related to supplying inventory to store locations within our retail business are included in cost of product sales. The Company also includes net royalties received on inventory purchases of licensed product as a reduction to cost of product sales. The Company generally excludes wholesale-related distribution costs from gross margin, including them instead in SG&A expenses. These distribution costs amounted to $57.3 million, $61.6 million and $60.2 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Additionally, the Company includes retail store occupancy costs in cost of product sales. To ensure expenses are separated appropriately, the Company tracks activities at each distribution center location and record the costs associated with the Company’s shipments of goods either as cost of sales or as selling, general and administrative expenses, accordingly. The Company includes store selling, selling and merchandising, advertising, design and other corporate overhead costs as a component of SG&A expenses.

The Company classifies amounts billed to customers for shipping fees as revenues and classifies costs related to shipping as cost of product sales in the accompanying consolidated statements of income (loss).

Advertising and Marketing Costs

The Company expenses the cost of advertising as incurred. Advertising and marketing expenses charged to operations for fiscal 2024, fiscal 2023 and fiscal 2022 were $49.9 million, $51.5 million and $48.5 million, respectively.

Share-Based Compensation

The Company recognizes compensation expense for all share-based awards granted based on the grant date fair value. The fair value of each stock option is estimated on the grant date using the Black-Scholes option-pricing model and involves several assumptions, including the risk-free interest rate, expected volatility, dividend yield and expected life. The risk-free interest rate is based on the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant. The expected stock price volatility is determined based on an average of both historical volatility and implied volatility. Implied volatility is derived from exchange traded options on the Company’s common stock. The expected dividend yield is based on the Company’s history and expectations of dividend payouts. The expected life is determined based on historical trends. Compensation expense for nonvested stock options and stock awards/units that are not subject to performance-based vesting conditions is recognized on a straight-line basis over the vesting period. The Company has elected to account for forfeitures as they occur.

In addition, the Company has granted certain nonvested units that require certain minimum performance targets to be achieved in order for these awards to vest. Vesting is also subject to continued service requirements through the vesting date. Compensation expense for performance-based awards that vest in increments is recognized based on an accelerated attribution method. If the minimum performance targets are not forecasted to be achieved, no expense is recognized during the period.

The Company has also granted certain nonvested stock units which are subject to market-based performance targets in order for these units to vest. Vesting is also subject to continued service requirements through the vesting date. The grant date fair value for such nonvested stock units was estimated using a Monte Carlo simulation that incorporates option-pricing inputs covering the period from the grant date through the end of the performance period. Compensation expense for such nonvested stock units is recognized on a straight-line basis over the vesting period, regardless of whether the market condition is satisfied.

Certain restricted stock units vest immediately but are considered contingently returnable as a result of certain service conditions. Compensation expense for these restricted stock units is recognized on a straight-line basis over the implied service period.

Foreign Currency

Foreign Currency Translation Adjustment

The local selling currency is typically the functional currency for all of the Company’s significant international operations. In accordance with authoritative guidance, assets and liabilities of the Company’s foreign operations are translated from foreign currencies into U.S. dollars at period-end rates, while income and expenses are translated at the weighted average exchange rates for the period. The related translation adjustments are reflected as a foreign currency translation adjustment in accumulated other comprehensive income (loss) (“AOCL”) within stockholders’ equity. In addition, the Company records foreign currency translation adjustments related to its noncontrolling interests within stockholders’ equity. Periodically, the Company may also use foreign exchange currency contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries (see below). Changes in the fair values of these foreign exchange currency contracts, designated as net investment hedges, are recorded in foreign currency translation adjustment as a component of AOCL within stockholders’ equity. The total foreign currency translation adjustment (including amounts attributable to nonredeemable noncontrolling interests) decreased stockholders’ equity by $4.2 million, from an accumulated foreign currency translation loss of $132.5 million as of January 28, 2023 to $136.7 million as of February 3, 2024.

Foreign Currency Transaction Gains and Losses

Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency, including gains and losses on foreign exchange currency contracts (see below), are included in cost of product sales and other income (expense) in the consolidated statements of income (loss). Net foreign currency transaction losses included in the determination of net earnings were $5.7 million, $22.9 million and $32.1 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

Derivatives

Foreign Exchange Currency Contracts

The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations.

The Company’s primary objective is to hedge the variability in forecasted cash flows due to the foreign currency risk. Various transactions that occur primarily in Europe, Canada, South Korea, China, Hong Kong and Mexico are denominated in U.S. dollars, British pounds and Russian roubles and thus are exposed to earnings risk as a result of exchange rate fluctuations when converted to their functional currencies. These types of transactions include U.S. dollar-denominated purchases of merchandise and U.S. dollar- and British pound-denominated intercompany liabilities. In addition, certain operating expenses, tax liabilities and pension-related liabilities are denominated in Swiss francs and are exposed to earnings risk as a result of exchange rate fluctuations when

converted to the functional currency. Further, there are certain real estate leases which are denominated in a currency other than the functional currency of the respective entity that entered into the agreement (primarily Swiss francs, Russian roubles and Polish zloty). As a result, the Company may be exposed to volatility related to unrealized gains or losses on the translation of present value of future lease payment obligations when translated at the exchange rate as of a reporting period-end. The Company enters into certain forward exchange currency contracts to hedge the risk of a portion of these anticipated foreign currency transactions against foreign currency rate fluctuations. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these hedges. The Company does not hedge all transactions denominated in foreign currency. The Company may also hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries.

U.S. dollar forward contracts are used to hedge forecasted merchandise purchases over specific months. Changes in the fair value of the U.S. dollar forward contracts for anticipated U.S. dollar merchandise purchases designated as cash flow hedges are recorded as a component of AOCL within stockholders’ equity and are recognized in cost of product sales in the period which approximates the time the hedged merchandise inventory is sold.

The Company has also used U.S. dollar forward contracts to hedge the net investments of certain of the Company’s international subsidiaries over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as net investment hedges, are recorded in foreign currency translation adjustment as a component of AOCL within stockholders’ equity and are not recognized in earnings (loss) until the sale or liquidation of the hedged net investment.

The Company also has forward exchange currency contracts that are not designated as hedging instruments for accounting purposes. Changes in fair value of forward exchange currency contracts not designated as hedging instruments are reported in net earnings (loss) as part of other income (expense).

Interest Rate Swap Agreements

The Company is exposed to interest rate risk on its floating-rate debt. The Company has entered into interest rate swap agreements for certain of these agreements to effectively convert its floating-rate debt to a fixed-rate basis. The principal objective of these contracts is to eliminate or reduce the variability of the cash flows in interest payments associated with the Company’s floating-rate debt, thus reducing the impact of interest rate changes on future interest payment cash flows. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these contracts. Changes in the fair value of interest rate swap agreements designated as cash flow hedges are recorded as a component of AOCL within stockholders’ equity and are amortized to interest expense over the term of the related debt.

Periodically, the Company may also enter into interest rate swap agreements that are not designated as hedging instruments for accounting purposes. Changes in the fair value of interest rate swap agreements not designated as hedging instruments are reported in net earnings (loss) as part of other income (expense).

The impact of the credit risk of the counterparties to the derivative contracts is considered in determining the fair value of the foreign exchange currency contracts and interest rate swap agreements. As of February 3, 2024, credit risk has not had a significant effect on the fair value of the Company’s foreign exchange currency contracts and interest rate swap agreements.

Equity-Linked Instrument

In connection with the January 2024 exchange and subscription offering related to the convertible senior notes, the Company concluded that the purchased options to hedge the conversion feature for the Additional 2028 Notes (as defined below) issued in fiscal 2024 no longer qualify for the derivative scope exception for contracts indexed in a Company’s own equity. As a result, these contracts are accounted for as derivative assets, including the portion related to the reclassification of the pre-existing options purchased in April 2023, which had previously been recorded in paid-in capital in the Company’s consolidated balance sheet. The Company includes derivative assets within other assets in its consolidated balance sheet. The derivative assets are required to be

measured at fair value with changes in fair value recorded in earnings (loss). Changes in fair value of these derivative assets are reported in net earnings (loss) as part of other income (expense).

Income Taxes

The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recognized for the future income tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases. Deferred income tax assets and liabilities are measured using enacted income tax rates expected to be applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred income taxes of a change in income tax rates is recognized in earnings in the period that includes the enactment date. A valuation allowance is recorded when management believes it is more likely than not that the results of operations will not generate sufficient taxable earnings to realize certain net deferred income tax assets.

The Company accounts for uncertainty in income taxes in accordance with authoritative guidance, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of an income tax position taken or expected to be taken in an income tax return. The Company also follows authoritative guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

The Company is subject to an income tax on global intangible low-taxed income (“GILTI”). GILTI is an income tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. Companies subject to GILTI have the option to account for the income tax as a period cost if and when incurred, or factor such amounts into the measurement of deferred income taxes. The Company has elected to account for GILTI as a period cost.

Earnings (Loss) Per Share

Basic earnings (loss) per share represents net earnings attributable to common stockholders divided by the weighted average number of common shares outstanding during the period. The Company considers any restricted stock units with forfeitable dividend rights that are issued and outstanding, but considered contingently returnable if certain service conditions are not met, as common equivalent shares outstanding. These restricted stock units are excluded from the weighted average number of common shares outstanding and basic earnings (loss) per share calculation until the respective service conditions have been met. Diluted earnings (loss) per share represents net earnings attributable to common stockholders divided by the weighted average number of common shares outstanding, inclusive of the dilutive impact of common equivalent shares outstanding during the period, and the dilutive impact of the Company’s 2.00% convertible senior notes due 2024 (the “2024 Notes”), the Company’s 3.75% convertible senior notes due 2028 (the “2028 Notes”, and together with the 2024 Notes, the “Notes”) and related warrants, as applicable.

On January 30, 2022, the Company adopted the authoritative guidance which simplifies the accounting for convertible instruments and contracts in an entity’s own equity using the modified retrospective method. Following adoption, diluted earnings per share related to the Notes is calculated using the if-converted method. The number of dilutive shares is based on the conversion rate associated with the Notes. Prior to adoption, the Company applied the treasury stock method when calculating the potential dilutive effect of the Notes, if any. As the Company expects to settle the principal amount of the Notes in cash and any excess in shares, only the amounts in excess of the principal amount are considered in diluted earnings per share, if applicable.

In periods when there is a net loss, the potentially dilutive impact of common equivalent shares outstanding is not included in the computation of diluted net loss per share as the impact of the shares would be antidilutive. Nonvested restricted stock awards (referred to as participating securities) are excluded from the dilutive impact of common equivalent shares outstanding in accordance with authoritative guidance under the two-class method since the nonvested restricted stockholders are entitled to participate in dividends declared on common stock as if the shares were fully vested and hence are deemed to be participating securities. Under the two-class method, distributed and undistributed earnings attributable to nonvested restricted stockholders are excluded from net

earnings (loss) attributable to common stockholders for purposes of calculating basic and diluted earnings (loss) per common share. However, net losses are not allocated to nonvested restricted stockholders because they are not contractually obligated to share in the losses of the Company.

In addition, the Company has granted certain nonvested stock units that are subject to certain performance-based or market-based vesting conditions as well as continued service requirements through the respective vesting periods. These nonvested stock units are included in the computation of diluted net earnings per common share attributable to common stockholders only to the extent that the underlying performance-based or market-based vesting conditions are satisfied as of the end of the reporting period, or would be considered satisfied if the end of the reporting period were the end of the related contingency period, and the results would be dilutive under the treasury stock method.

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net earnings (loss), foreign currency translation adjustments, the effective portion of the change in the fair value of cash flow hedges and defined benefit plan impact from actuarial valuation gains or losses and related amortization, plan amendment, prior service credit or cost amortization and curtailment. Comprehensive income (loss) is presented in the consolidated statements of comprehensive income (loss).

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.

Investment Securities

Investments in equity securities with a readily determinable fair value, not accounted for under the equity-method or consolidation accounting, are recorded at fair value with unrealized gains and losses included in other income (expense) in the Company’s consolidated statements of income (loss). The Company also has an investment in certain private equity funds. The Company uses net asset value per share as a practical expedient to measure the fair value of this investment.

Investments in equity securities are accounted for under the equity-method if the Company is able to exercise significant influence, but not control, over the investee. Equity method investments are included in other assets in the Company’s consolidated balance sheets and the Company’s proportionate share of earnings (loss) are recorded in other income (expense) in the Company’s consolidated statements of income (loss). The Company will periodically evaluate its equity-method investments for impairment and record such amounts in other (income) expense in the period that the carrying value of the investment before our share of earnings (loss) is determined to not be recoverable. During fiscal 2019, the Company invested $8.3 million in a privately-held apparel company in exchange for a 30% minority interest. During fiscal 2021, the Company invested a net additional $2.3 million and increased its minority interest from 30% to 30.5%. The Company’s ownership in this company is accounted for under the equity method of accounting. Additionally, during fiscal 2021, the Company purchased a 30% interest in a privately-held men’s footwear company for approximately $0.9 million. The Company’s ownership in this company is treated under the equity method of accounting. Refer to Note 14 for more information on this investment.

Concentrations of Credit, Sourcing and Liquidity Risk

Cash used primarily for working capital purposes is maintained with various major financial institutions. The Company performs evaluations of the relative credit standing of these financial institutions in order to limit the amount of asset and liquidity exposure with any institution. Excess cash and cash equivalents, which represent the majority of the Company’s outstanding cash and cash equivalents balance, are held primarily in overnight deposit and short-term time deposit accounts and money market accounts.

The Company is also exposed to concentrations of credit risk through its accounts receivable balances. The Company extends credit to wholesale customers based upon an evaluation of the customer’s financial condition and credit history and generally requires no collateral but does obtain credit insurance when considered

appropriate. The Company’s two largest wholesale customers accounted for a total of approximately 3.8%, 3.3% and 3.9% of the Company’s consolidated net revenue in fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

The majority of the Company’s finished goods are sourced from partners and suppliers located in over 20 countries outside the U.S. In fiscal 2024, over one-third of these products were sourced from partners and suppliers based in China. The Company’s two largest suppliers, which were the Company’s licensee partners, accounted for approximately 43%, 27% and 20% of the Company’s purchases of finished goods in fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

Inventories

Inventories are valued at the lower of cost (primarily weighted average method) or net realizable value. The Company continually evaluates its inventories by assessing slow moving product as well as prior seasons’ inventory. Net realizable value of aged inventory is estimated based on historical sales trends for each product line category, the impact of market trends, an evaluation of economic conditions, available liquidation channels and the value of current orders relating to the future sales of this type of inventory.

Depreciation and Amortization

Depreciation and amortization of property and equipment are provided using the straight-line method over the following useful lives:


Building and building improvements			10 to 39 years
Furniture, fixtures and equipment			2 to 10 years

Leasehold improvements are capitalized at cost and amortized over the lesser of the estimated useful life of the asset or the term of the lease. Construction in progress is not depreciated until the related asset is completed and placed in service.

Leases

The Company determines whether an arrangement is a lease at inception of the agreement and reassesses that conclusion if the agreement is modified. The term of the Company’s leases represents the non-cancelable period of the lease, including any rent-free periods and any options to renew, extend or terminate the lease that the Company is reasonably certain to exercise. The Company determines the term of each lease at lease commencement and revisits that term in subsequent periods if a triggering event occurs which would require reassessment.

Leases with an initial contractual term in excess of 12 months are accounted for as either an operating or finance lease based on certain criteria. The Company has elected to recognize leases with an initial term of 12 months or less on a straight-line basis without recognizing a right-of-use (“ROU”) asset or operating lease liability.

The Company’s lease agreements primarily provide for lease payments based on a minimum annual rental amount, a percentage of annual sales volume, periodic adjustments related to inflation or a combination of such lease payments. Some of the lease agreements require the Company to make periodic payments for insurance, property taxes, sales promotion, common area maintenance and certain utility charges. The Company has elected the practical expedient to not separate non-lease components from lease components in the measurement of liabilities for its directly-operated real estate leases. Certain of our leases may also include lease incentives such as free rent periods or construction allowances. Lease liabilities are recognized at the present value of the fixed lease payments, reduced by landlord incentives, using the Company’s incremental borrowing rate (“IBR”). Due to our centralized treasury function, the Company uses a portfolio approach to discount our lease obligations. The IBR for each lease is based primarily on borrowing rates available to the Company, which incorporates publicly-available information for other companies within the same industry and with similar credit profiles. The rate is then adjusted for the impact from collateralization, the lease term, foreign currency (if applicable) and other specific terms included in the Company’s lease arrangements.

Lease ROU assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the leases which includes initial investments in the form of key money to secure prime store locations. Variable lease payments are expensed as incurred and do not factor into the measurement of the applicable lease liability or lease ROU asset. Lease ROU assets are amortized over the life of the lease and tested for impairment in the same manner as long-lived assets used in operations as described in more detail below.

During fiscal 2022, the Company engaged in discussions with landlords in an effort to achieve appropriate rent relief and other lease concessions and, in some cases, to terminate existing leases in an effort to lessen the impact of reduced revenue resulting from temporary store closures and lower traffic. Consistent with guidance from the Financial Accounting Standards Board (“FASB”), the Company elected to treat any such agreed-upon payment deferrals related to the COVID-19 pandemic as if there were no modifications to the lease contract and has accrued such amounts within the current portion of operating lease liabilities in the Company’s consolidated balance sheet. The Company has elected to treat other rent concessions which result in reduced lease payments as variable lease payments if the concessions that are provided are for a period of generally less than 12 months. For any rent concessions which reduce the lease payments for a period of generally more than 12 months or change the payment terms from minimum rental amounts to amounts based on a percentage of sales volume for the remainder of the lease term, the Company has elected to treat such changes as lease modifications under the current lease guidance.

Net Gains on Lease Modifications

During fiscal 2024, fiscal 2023 and fiscal 2022 the Company recorded net gains on lease modifications of approximately $1.7 million, $2.3 million and $0.3 million, respectively related primarily to the early termination of certain lease agreements.

Long-Lived Assets

Long-lived assets, such as property and equipment and operating lease ROU assets, are reviewed for impairment quarterly or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The majority of the Company’s long-lived assets relate to its retail operations which consist primarily of regular retail and flagship locations. The Company considers each individual regular retail location as an asset group for impairment testing, which is the lowest level at which individual cash flows can be identified. The asset group includes leasehold improvements, furniture, fixtures and equipment, computer hardware and software, operating lease ROU assets including lease acquisition costs and certain long-term security deposits, and excludes operating lease liabilities. The Company reviews regular retail locations in penetrated markets for impairment risk once the locations have been opened for at least one year in their current condition, or sooner as changes in circumstances require. The Company believes that waiting at least one year allows a location to reach a maturity level where a more comprehensive analysis of financial performance can be performed. The Company evaluates impairment risk for regular retail locations in new markets, where the Company is in the early stages of establishing its presence, once brand awareness has been established. The Company also evaluates impairment risk for retail locations that are expected to be closed in the foreseeable future. The Company has flagship locations which are used as a regional marketing tool to build brand awareness and promote the Company’s current product. Provided the flagship locations continue to meet appropriate criteria, impairment for these locations is tested at a reporting unit level similar to goodwill since they do not have separately identifiable cash flows.

An asset is considered to be impaired if the Company determines that the carrying value may not be recoverable based upon its assessment of the asset’s ability to continue to generate earnings from operations and positive cash flow in future periods or if significant changes in the Company’s strategic business objectives and utilization of the assets occurred. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows adjusted for lease payments, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the estimated fair value. The Company uses estimates of market participant rents to calculate fair value of ROU assets and discounted future cash flows of the asset group to quantify fair value for

other long-lived assets. These nonrecurring fair value measurements are considered Level 3 inputs as defined in Note 20.

The impairment loss calculations require management to apply judgment estimating market participant rents, future cash flows, among other things, and the discount rates that reflect the risk inherent in future cash flows. Future expected cash flows for assets in regular retail locations are based on management’s estimates of future cash flows, which include sales and gross margin growth rate assumptions, over the remaining lease period or expected life, if shorter. For expected location closures, the Company will evaluate whether it is necessary to shorten the useful life for any of the assets within the respective asset group. The Company will use this revised useful life when estimating the asset group’s future cash flows. The Company considers historical trends, expected future business trends and other factors when estimating the future cash flow for each regular retail location. The Company also considers factors such as: the local environment for each regular retail location, including mall traffic and competition; the Company’s ability to successfully implement strategic initiatives; and the ability to control variable costs such as cost of sales and payroll and, in some cases, renegotiate lease costs.

Macroeconomic conditions, including inflation, higher interest rates, foreign exchange rate fluctuations, declines in consumer spending, the impact of the conflicts in Ukraine and Gaza and the lingering effects of public health crises continued to impact the Company’s financial results and could impact the Company’s operations in ways the Company is not able to predict today. The Company has made reasonable assumptions and judgments to determine the fair value of the assets tested based on the facts and circumstances that were available as of the reporting date. If actual results are not consistent with the assumptions and judgments used in estimating future cash flows and asset fair values, there may be additional exposure to future impairment losses that could be material to the Company’s results of operations.

See Note 5 for further details on asset impairment charges related to property and equipment.

Goodwill

Goodwill is tested annually for impairment or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. This determination is made at the reporting unit level which may be either an operating segment or one level below an operating segment if discrete financial information is available. Two or more reporting units within an operating segment may be aggregated for impairment testing if they have similar economic characteristics. The Company has identified its European wholesale and European retail components of its Europe segment, its Americas Retail segment and its Americas Wholesale segment as reporting units for goodwill impairment testing. In accordance with authoritative guidance, the Company first assesses qualitative factors relevant in determining whether it is more likely than not that the fair values of its reporting units are less than their carrying amounts. Based on this analysis, the Company determines whether it is necessary to perform a quantitative impairment test. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the amount of any impairment loss to be recognized for that reporting unit is determined using two steps. First, the Company determines the fair value of the reporting unit using a discounted cash flow analysis, which requires unobservable inputs (Level 3) within the fair value hierarchy as defined in Note 20. These inputs include selection of an appropriate discount rate and the amount and timing of expected future cash flows. Second, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized based on the difference between a reporting unit’s fair value and its carrying value.

See Note 6 for further details on goodwill impairment charges.

Other Assets

Other assets mainly relate to the Company’s investments in insurance policies held in rabbi trusts to fund expected obligations arising under its non-qualified supplemental executive retirement and deferred compensation plans. Refer to Notes 13 and 16 for further information regarding these investments. In addition, other assets also relate to long-term security deposits, long-term subscriptions and receivables related to refundable value-added tax payments mainly from European taxing authorities.

Defined Benefit Plans

In accordance with authoritative guidance for defined benefit pension and other postretirement plans, an asset for a plan’s over funded status or a liability for a plan’s underfunded status is recognized in the consolidated balance sheets; plan assets and obligations that determine the plan’s funded status are measured as of the end of the Company’s fiscal year; and changes in the funded status of defined benefit postretirement plans are recognized in the year in which they occur. Such changes are reported in other comprehensive income (loss) (“OCL”) as a separate component of stockholders’ equity.

The Company’s pension obligations and related costs are calculated using actuarial concepts within the authoritative guidance framework, and are considered Level 3 inputs as defined in Note 20. The Company uses the corridor approach to amortize unrecognized actuarial gains or losses over the average remaining service life of active participants. The life expectancy, estimated retirement age, discount rate, estimated future compensation and expected return on plan assets are important elements of expense and/or liability measurement. These critical assumptions are evaluated annually which enables expected future payments for benefits to be stated at present value on the measurement date. If actual results are not consistent with actuarial assumptions, the amounts recognized for the defined benefit plans could change significantly.

Litigation Reserves

Estimated amounts for claims that are probable and can be reasonably estimated are recorded as liabilities in the consolidated balance sheets. As additional information becomes available, the Company assesses the potential liability related to new claims and existing claims and revises estimates as appropriate. As new claims arise or existing claims evolve, such revisions in estimates of the potential liability could materially impact the results of operations and financial position.

Convertible Senior Notes

In April 2019, the Company issued $300 million principal amount of 2.00% convertible senior notes due 2024 in a private offering (the “2024 Notes”). Prior to January 30, 2022, certain convertible debt instruments that may be settled in cash on conversion were required to be separately accounted for as liability and equity components of the instrument in a manner that reflects the issuer’s non-convertible debt borrowing rate. Accordingly, in accounting for the issuance of the 2024 Notes, the Company separated the 2024 Notes into liability and equity components. The liability component was recorded at fair value, which was derived from a valuation technique used to calculate the fair value of a similar liability without an associated convertible feature. The carrying amount of the equity component, which was recognized as a debt discount, represented the difference between the proceeds from the issuance of the 2024 Notes and the fair value of the liability component of the 2024 Notes. In accounting for the debt issuance costs related to the issuance of the 2024 Notes, the Company allocated the total amount incurred to the liability and equity components based on their relative values. Debt issuance costs attributable to the liability component were recorded as a contra-liability and are presented net against the 2024 Notes balance on the Company’s consolidated balance sheets. These costs are amortized to interest expense using the effective interest method over the term of the 2024 Notes.

On January 30, 2022, the Company adopted the authoritative guidance which simplifies the accounting for convertible instruments and contracts in an entity’s own equity using the modified retrospective method. Following adoption, the equity component was eliminated and recorded as an adjustment to retained earnings. In addition, the Company derecognized the remaining unamortized debt discount on the 2024 Notes. Debt issuance costs were recorded as a contra-liability and are presented net against the 2024 Notes balance on the Company’s consolidated balance sheets. These costs are amortized to interest expense using the effective interest method over the term of the 2024 Notes.

In April 2023, the Company issued $275 million aggregate principal amount of convertible senior notes due 2028 (the “Initial 2028 Notes”) and retired approximately $184.9 million aggregate principal of 2024 Notes in a private offering. In January 2024, the Company issued $64.8 million aggregate principal amount of convertible senior notes due 2028 (the “Additional 2028 Notes”, together with Initial 2028 Notes, the “2028 Notes”; collectively with 2024 Notes, the “Notes”) and retired approximately $67.1 million aggregate principal of 2024

Notes in a private offering. In connection with the transactions in January 2024, the Company determined that the conversion feature embedded in the Additional 2028 Notes failed to satisfy the requirements for the derivative scope exception for contracts indexed in the Company’s own stock. As a result, the conversion feature embedded in the Additional 2028 Notes required bifurcation and is accounted for as an embedded derivative. The Company’s accounting policy is to present the embedded derivative on the same line item as the host instrument. The embedded derivative is required to be remeasured each reporting period with changes in fair value recorded in earnings. Changes in fair value of the embedded derivative are reported in net earnings (loss) as part of other income (expense).

See Note 10 for further details on the Notes.

Subsequent Events (Details) - USD ($)				1 Months Ended		3 Months Ended		12 Months Ended
Subsequent Events (Details) - USD ($)	Apr. 02, 2024	Mar. 20, 2024	May 24, 2023	Jan. 31, 2024	Apr. 29, 2023	May 04, 2024	Apr. 29, 2023	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022	Mar. 25, 2024	Mar. 14, 2022	Aug. 23, 2021	Jun. 26, 2012
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)			$ 0.30				$ 0.225	$ 1.1250	$ 0.9000	$ 0.5625
Convertible senior notes issued upon exchange								$ 233,342,000	$ 0	$ 0
Common stock, par value (in dollars per share)								$ 0.01	$ 0.01
Share Repurchase Program
Subsequent Event [Line Items]
Value of common stock authorized to be repurchased												$ 249,000,000	$ 200,000,000	$ 500,000,000
Share repurchases (in shares)								3,153,339	8,985,603	2,289,292
2024 Notes \| Senior notes
Subsequent Event [Line Items]
Original convertible senior notes exchanged				$ 67,100,000	$ 184,900,000
Aggregate principal amount outstanding				$ 48,100,000	$ 115,100,000		$ 115,100,000	$ 48,078,000	$ 300,000,000
Forecast
Subsequent Event [Line Items]
Common stock, par value (in dollars per share)	$ 0.01
Forecast \| Share Repurchase Program
Subsequent Event [Line Items]
Share repurchases (in shares)	326,429
Forecast \| 2024 Notes \| Senior notes
Subsequent Event [Line Items]
Original convertible senior notes exchanged	$ 14,600,000
Aggregate principal amount outstanding	33,500,000
Forecast \| 2028 Notes \| Senior notes
Subsequent Event [Line Items]
Convertible senior notes issued upon exchange	$ 12,100,000
Forecast \| Rag And Bone
Subsequent Event [Line Items]
Consideration contributed						$ 56,500,000
Forecast \| Rag And Bone \| Maximum
Subsequent Event [Line Items]
Earnout consideration liability						$ 12,800,000
Guess, Inc. and WHP Global Joint Venture \| Forecast
Subsequent Event [Line Items]
Equity method ownership percentage						50.00%
Subsequent events \| Share Repurchase Program
Subsequent Event [Line Items]
Value of common stock authorized to be repurchased											$ 200,000,000
Subsequent events \| Special Dividend
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)		$ 2.25
Subsequent events \| Quarterly Dividend
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)		$ 0.30

Share-Based Compensation (Tables)

12 Months Ended

Feb. 03, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of share-based compensation expense recognized under all of the Company's stock plans

The following summarizes the share-based compensation expense recognized under all of the Company’s stock plans (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Stock options	$	713	$	2,709	$	3,528
Stock awards/units	19,369		17,478		17,385
ESPP	164		208		206
Total share-based compensation expense	$	20,246	$	20,395	$	21,119

Schedule of stock option activity under all of the Company's stock plans

The following summarizes the stock option activity under all of the Company’s stock plans:


	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value ($000’s)
Options outstanding at January 28, 2023	2,569,629	$	16.24
Granted	—	$	—
Exercised	(262,402)	$	15.49
Forfeited	(11,175)	$	14.32
Expired	(155,450)	$	25.19
Options outstanding at February 3, 2024	2,140,602	$	15.69	4.83	$	16,136

Exercisable at February 3, 2024	2,140,602	$	15.69	4.83	$	16,136

Schedule of nonvested stock awards/units activity under all of the Company's stock plans

The following summarizes the nonvested stock awards/units activity under all of the Company’s stock plans:


	Number of Awards/Units	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	2,340,292	$	17.81
Granted	1,280,124	$	17.10
Vested	(1,458,039)	$	14.51
Forfeited	(214,521)	$	20.20
Nonvested at February 3, 2024	1,947,856	$	19.56

Schedule of activity for nonvested performance-based units and nonvested market-based units

The following summarizes the activity for nonvested performance-based units and nonvested market-based units included in the above:


	Performance-Based Units			Market-Based Units
	Number of Units	Weighted Average Grant Date Fair Value		Number of Units	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	612,627	$	20.14	946,787	$	14.75
Granted1	340,042	$	18.14	281,487	$	12.06
Vested1	(391,388)	$	20.02	(505,494)	$	6.38
Forfeited	(184,365)	$	20.34	—	$	—
Nonvested at February 3, 2024	376,916	$	18.36	722,780	$	19.55

______________________________________________________________________

1As a result of the achievement of certain market-based vesting conditions, there were 145,003 shares that vested in addition to the original target number of market-based shares granted in fiscal 2021.

Schedule of assumptions used for market-based nonvested stock units

The following assumptions were used for the grants:


	Year Ended
Valuation Assumptions	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Risk-free interest rate	3.7	%	2.8	%	0.6	%
Expected stock price volatility	59.7	%	71.3	%	78.4	%
Expected dividend yield	—	%	—	%	—	%
Expected life of market-based awards	2.7 years		2.7 years		3.5 years

Schedule of weighted average assumptions used for ESPP

The fair value of stock compensation expense associated with the Company’s ESPP was estimated on the date of grant using the Black-Scholes option-pricing valuation model with the following weighted average assumptions used for grants:


	Year Ended
Valuation Assumptions	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Risk-free interest rate	5.2	%	2.4	%	0.0	%
Expected stock price volatility	40.8	%	55.4	%	50.4	%
Expected dividend yield	5.8	%	5.3	%	2.4	%
Expected life of ESPP options	3 months		3 months		3 months

Description of the Business and Summary of Significant Accounting Policies and Practices - Revenue Recognition (Details) $ in Thousands	12 Months Ended
	Feb. 03, 2024 USD ($) subsidiary	Jan. 28, 2023 USD ($)	Jan. 29, 2022 USD ($)
Products Transferred At A Point In Time
Payment period	1 year
Percentage of receivables	51.00%
Sales Return Allowances
Allowance for sales returns	$ 34,206	$ 35,670
Gift Cards
Number of subsidiaries that issue gift cards \| subsidiary	1
Net revenue	$ 2,776,530	2,687,350	$ 2,591,631
Loyalty Programs
Expiration period of unredeemed points (in months)	6 months
Expiration period of unredeemed awards (in months)	2 months
Decrease in net revenue	$ 700	200	600
Selling, general and administrative expenses
Clarification of Certain Costs and Expenses
Distribution costs	57,300	61,600	60,200
Allowance for markdowns
Loyalty Programs
Deferred amounts, current	12,932	17,530
Intellectual Property Transferred Over Time
Deferred amounts, current	12,932	17,530
Gift card breakage
Gift Cards
Net revenue	300	700	1,000
Loyalty programs
Loyalty Programs
Deferred amounts, current	6,788	6,138
Intellectual Property Transferred Over Time
Deferred amounts, current	6,788	6,138
Royalties
Gift Cards
Net revenue	113,248	103,437	96,709
Intellectual Property Transferred Over Time
Deferred amounts recognized as revenue	$ 14,300	13,400	14,000
Royalties \| Minimum
Products Transferred At A Point In Time
Payment period	3 years
Royalties \| Maximum
Products Transferred At A Point In Time
Payment period	10 years
Advertising
Intellectual Property Transferred Over Time
Deferred amounts recognized as revenue	$ 1,200	1,100	$ 1,700
Accrued expenses and other current liabilities
Sales Return Allowances
Allowance for sales returns	34,200	35,700
Accrued expenses and other current liabilities \| Allowance for markdowns
Markdown Allowances
Allowance for markdowns	12,900	17,500
Gift Cards
Gift card liability	12,900	17,500
Accrued expenses and other current liabilities \| Gift cards
Markdown Allowances
Allowance for markdowns	5,200	4,700
Gift Cards
Gift card liability	5,200	4,700
Accrued expenses and other current liabilities \| Royalties
Loyalty Programs
Deferred amounts, current	5,000	4,800
Intellectual Property Transferred Over Time
Deferred amounts, current	5,000	4,800
Accrued expenses and other current liabilities \| Advertising
Loyalty Programs
Deferred amounts, current	6,900	5,700
Intellectual Property Transferred Over Time
Deferred amounts, current	6,900	5,700
Other current assets
Sales Return Allowances
Cost of sales returns	14,800	16,500
Other long-term liabilities \| Royalties
Intellectual Property Transferred Over Time
Deferred amounts, noncurrent	$ 14,800	$ 15,200
Europe
Products Transferred At A Point In Time
Percentage of receivables	63.00%
U.S.
Gift Cards
Gift card breakage rate (as a percent)	8.20%
Canadian Retail Business
Gift Cards
Gift card breakage rate (as a percent)	7.90%

Description of the Business and Summary of Significant Accounting Policies and Practices (Tables)

12 Months Ended

Feb. 03, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of useful lives of property and equipment

Depreciation and amortization of property and equipment are provided using the straight-line method over the following useful lives:


Building and building improvements			10 to 39 years
Furniture, fixtures and equipment			2 to 10 years

Share-Based Compensation

12 Months Ended

Feb. 03, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

Share-Based Compensation Plans

The Company has two share-based compensation plans. The Guess?, Inc. 2004 Equity Incentive Plan (the “Plan”) provides that the Board of Directors may grant stock options and other equity awards to officers, non-employee directors, key employees and certain consultants and advisors to the Company or any of its subsidiaries. On April 22, 2022, the Company’s stockholders approved an amendment and restatement of the Plan. The amendment and restatement of the Plan (a) increased the aggregate number of shares of the Company’s common stock available for award grants under the Plan by 680,000 shares (from 29,100,000 shares to 29,780,000 shares), (b) changed the ratio at which a “Full-Value Award” (any award granted under the Plan other than a stock option

or stock appreciation right) counts against the total share limit under the Plan from 3.54 shares for every one share actually issued in connection with such award to 1.6 shares for every one share actually issued in connection with such award, (c) extended the Company’s ability to grant new awards under the Plan through March 26, 2032, and (d) made members of the Company’s Board of Directors who are not employees of the Company or any of its subsidiaries eligible to receive award grants under the Plan. As of February 3, 2024 and January 28, 2023, there were 3,628,245 and 4,525,424 shares available for grant under the Plan, respectively. Stock options granted under the Plan have ten-year terms and typically vest and become fully exercisable in increments of one-fourth of the shares granted on each anniversary from the date of grant. Stock awards/units granted under the Plan typically vest in increments of one-fourth of the shares granted on each anniversary from the date of grant. The three most recent annual grants for stock awards/units had initial vesting periods of about nine months followed by three annual vesting periods.

The Guess?, Inc. Employee Stock Purchase Plan (“ESPP”) allows qualified employees to participate in the purchase of designated shares of the Company’s common stock at a price equal to 85% of the lower of the closing price at the beginning or end of each quarterly stock purchase period.

Performance-Based Awards

The Company has granted certain nonvested units that require certain minimum performance targets to be achieved in order for these awards to vest. Vesting is also subject to continued service requirements through the vesting date. If the minimum performance targets are not forecasted to be achieved, no expense is recognized during the period.

The Company has granted certain nonvested stock units subject to performance-based vesting conditions to select executive officers. Each award of nonvested stock units generally has an initial vesting period from the date of the grant through either (i) the end of the first fiscal year or (ii) the first anniversary of the date of grant, followed by annual vesting periods which may range from two-to-three years. The nonvested stock units are subject to the achievement of certain performance-based vesting conditions.

The Company has also granted a target number of nonvested stock units to select key management, including certain executive officers. The number of shares that may ultimately vest with respect to each award may range from 0% up to 100% of the target number of shares, subject to the achievement of certain performance-based vesting conditions. Any shares that are ultimately issued are scheduled to vest at the end of the third fiscal year following the grant date.

Market-Based Awards

The Company has granted certain nonvested stock units which are subject to market-based performance targets in order for these units to vest. Vesting is also subject to continued service requirements through the vesting date. The grant date fair value for such nonvested stock units was estimated using a Monte Carlo simulation that incorporates option-pricing inputs covering the period from the grant date through the end of the performance period. Compensation expense for such nonvested stock units is recognized on a straight-line basis over the vesting period, regardless of whether the market condition is satisfied.

The Company has granted certain nonvested stock units subject to market-based vesting conditions to select executive officers. These market-based awards include (i) units where the number of shares that may ultimately vest will equal 0% to 150% of the target number of shares, subject to the performance of the Company’s total stockholder return (“TSR”) relative to the TSR of a select group of peer companies over a three-year period and (ii) units scheduled to vest based on the attainment of certain absolute stock price levels over a four-year period. Vesting is also subject to continued service requirements through the vesting date.

Share-Based Compensation Expense

Compensation expense for nonvested stock options and stock awards/units that are not subject to performance-based vesting conditions is recognized on a straight-line basis over the vesting period. Compensation expense for performance-based awards that vest in increments is recognized based on an accelerated attribution method. The Company has elected to account for forfeitures as they occur.

The following summarizes the share-based compensation expense recognized under all of the Company’s stock plans (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Stock options	$	713	$	2,709	$	3,528
Stock awards/units	19,369		17,478		17,385
ESPP	164		208		206
Total share-based compensation expense	$	20,246	$	20,395	$	21,119

Stock options

The following summarizes the stock option activity under all of the Company’s stock plans:


	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value ($000’s)
Options outstanding at January 28, 2023	2,569,629	$	16.24
Granted	—	$	—
Exercised	(262,402)	$	15.49
Forfeited	(11,175)	$	14.32
Expired	(155,450)	$	25.19
Options outstanding at February 3, 2024	2,140,602	$	15.69	4.83	$	16,136

Exercisable at February 3, 2024	2,140,602	$	15.69	4.83	$	16,136

There were no stock options granted during fiscal 2024, fiscal 2023 and fiscal 2022. The total intrinsic value of stock options exercised was $1.9 million, $1.6 million and $1.8 million during fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The intrinsic value of stock options is defined as the difference between the Company’s stock price on the exercise date and the grant date exercise price. The total cash received from option exercises was $4.1 million, $3.7 million and $3.3 million during fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

The compensation expense included in SG&A expense recognized was $0.7 million before the recognized income tax benefit of $0.2 million during fiscal 2024. As of February 3, 2024, there was no unrecognized compensation cost related to nonvested stock options. The excess tax windfall included in cash flows from operating activities related to stock option activity was immaterial for fiscal 2024.

On March 20, 2024, the Company announced a special cash dividend of $2.25 per share on the Company’s common stock in addition to the quarterly cash dividend. All stock options that were outstanding at the time of the special dividend were modified to reduce the exercise price pursuant to the nondiscretionary anti-dilution provisions in the related stock-based compensation plan. There was no incremental compensation expense related to the modification.

Stock awards/units

The following summarizes the nonvested stock awards/units activity under all of the Company’s stock plans:


	Number of Awards/Units	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	2,340,292	$	17.81
Granted	1,280,124	$	17.10
Vested	(1,458,039)	$	14.51
Forfeited	(214,521)	$	20.20
Nonvested at February 3, 2024	1,947,856	$	19.56

The following summarizes the activity for nonvested performance-based units and nonvested market-based units included in the above:


	Performance-Based Units			Market-Based Units
	Number of Units	Weighted Average Grant Date Fair Value		Number of Units	Weighted Average Grant Date Fair Value
Nonvested at January 28, 2023	612,627	$	20.14	946,787	$	14.75
Granted1	340,042	$	18.14	281,487	$	12.06
Vested1	(391,388)	$	20.02	(505,494)	$	6.38
Forfeited	(184,365)	$	20.34	—	$	—
Nonvested at February 3, 2024	376,916	$	18.36	722,780	$	19.55

______________________________________________________________________

The fair value of each market-based nonvested stock unit was estimated on the grant date using the Monte Carlo simulation. The following assumptions were used for the grants:


	Year Ended
Valuation Assumptions	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Risk-free interest rate	3.7	%	2.8	%	0.6	%
Expected stock price volatility	59.7	%	71.3	%	78.4	%
Expected dividend yield	—	%	—	%	—	%
Expected life of market-based awards	2.7 years		2.7 years		3.5 years

The weighted average grant date fair value for the total nonvested stock awards/units granted was $17.10, $19.74 and $24.21 during fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The total fair value at grant date of previously nonvested stock awards/units that were vested during fiscal 2024, fiscal 2023 and fiscal 2022 was $21.2 million, $14.3 million and $13.2 million, respectively. During fiscal 2024, fiscal 2023 and fiscal 2022, the total intrinsic value of nonvested stock awards/units that vested was $30.9 million, $17.2 million and $15.9 million, respectively. The total intrinsic value of nonvested stock awards/units outstanding and unvested as of February 3, 2024 was $44.5 million.

The compensation expense included in SG&A expense recognized during fiscal 2024 was $19.4 million before the recognized income tax benefit of $4.4 million. As of February 3, 2024, there was approximately $21.5 million of total unrecognized compensation cost related to nonvested stock awards/units. This cost is expected to be recognized over a weighted average period of 1.6 years. The excess tax windfall of $0.3 million related to stock award/unit activity was included in cash flows from operating activities for fiscal 2024.

ESPP

The Company’s ESPP allows qualified employees (as defined) to participate in the purchase of designated shares of the Company’s common stock at a price equal to 85% of the lower of the closing price at the beginning or end of each quarterly stock purchase period. The ESPP requires participants to hold any shares purchased under the ESPP for a minimum period of six months after purchase. In addition, all Company employees are subject to the terms of the Company’s securities trading policy which generally prohibits the purchase or sale of any Company securities during the two weeks before the end of each fiscal quarter through two days after the public announcement by the Company of its earnings for that period. The Company has 4,000,000 shares of common stock registered under the ESPP.

During fiscal 2024, fiscal 2023 and fiscal 2022, 38,127 shares, 45,843 shares and 38,144 shares of the Company’s common stock were issued pursuant to the ESPP at an average price of $13.06, $12.70 and $11.81 per share, respectively.


	Year Ended
Valuation Assumptions	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Risk-free interest rate	5.2	%	2.4	%	0.0	%
Expected stock price volatility	40.8	%	55.4	%	50.4	%
Expected dividend yield	5.8	%	5.3	%	2.4	%
Expected life of ESPP options	3 months		3 months		3 months

The weighted average grant date fair value of ESPP options granted during fiscal 2024, fiscal 2023 and fiscal 2022 was $4.38, $4.55 and $5.44, respectively.

Income Taxes - Total Income Tax Expense Allocation (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Income Tax Disclosure [Abstract]
Operations	$ 25,418	$ 36,502	$ 73,680
Stockholders’ equity	627	450	2,264
Convertible debt	(9,378)	(6,207)	0
Total income tax expense	$ 16,667	$ 30,745	$ 75,944

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Share-Based Compensation - Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Number of Shares
Options outstanding at the beginning of the period (in shares)	2,569,629
Granted (in shares)	0	0	0
Exercised (in shares)	(262,402)
Forfeited (in shares)	(11,175)
Expired (in shares)	(155,450)
Options outstanding at the end of the period (in shares)	2,140,602	2,569,629
Exercisable at the end of the period (in shares)	2,140,602
Weighted Average Exercise Price
Options outstanding at the beginning of the period (in dollars per share)	$ 16.24
Granted (in dollars per share)	0
Exercised (in dollars per share)	15.49
Forfeited (in dollars per share)	14.32
Expired (in dollars per share)	25.19
Options outstanding at the end of the period (in dollars per share)	15.69	$ 16.24
Exercisable at the end of the period (in dollars per share)	$ 15.69
Weighted Average Remaining Contractual Term (Years)
Options outstanding at the end of the period (in years/months/days)	4 years 9 months 29 days
Exercisable at the end of the period (in years/months/days)	4 years 9 months 29 days
Aggregate Intrinsic Value
Options outstanding at the end of the period (in dollars)	$ 16,136
Exercisable at the end of the period (in dollars)	$ 16,136

Lease Accounting (Tables)

12 Months Ended

Feb. 03, 2024

Leases [Abstract]

Assets and liabilities, lessee

The components of leases are as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Assets					Balance Sheet Location
Operating	$	667,031	$	636,148	Operating lease right-of-use assets
Finance	15,132		19,055		Property and equipment, net
Total lease assets	$	682,163	$	655,203

Liabilities
Current:
Operating	$	166,451	$	170,192	Current portion of operating lease liabilities
Finance	5,573		6,684		Current portion of borrowings and finance lease obligations
Noncurrent:
Operating	542,392		528,236		Long-term operating lease liabilities
Finance	9,857		13,181		Long-term debt and finance lease obligations
Total lease liabilities	$	724,273	$	718,293

Lease cost


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
							Income Statement Location
Operating lease costs	$	181,760	$	175,752	$	181,888	Cost of product sales
Operating lease costs	26,771		24,845		25,047		Selling, general and administrative expenses
Operating lease costs1	(1,662)		(2,267)		(259)		Net gains on lease modifications
Finance lease costs
Amortization of leased assets	69		81		55		Cost of product sales
Amortization of leased assets	6,412		6,177		5,525		Selling, general and administrative expenses
Interest on lease liabilities	769		965		1,462		Interest expense
Variable lease costs2	101,056		92,331		75,339		Cost of product sales
Variable lease costs2	4,732		3,335		2,175		Selling, general and administrative expenses
Short-term lease costs	316		351		366		Cost of product sales
Short-term lease costs	6,005		6,141		4,856		Selling, general and administrative expenses
Total lease costs	$	326,228	$	307,711	$	296,454

______________________________________________________________________

1During fiscal 2024, fiscal 2023 and fiscal 2022 net gains on lease modifications related primarily to the early termination of certain lease agreements. Operating lease costs for these retail locations prior to the early termination were included in cost of product sales.

2During fiscal 2024, fiscal 2023 and fiscal 2022 variable lease costs included certain rent concessions received by the Company, primarily in Europe, of approximately $1.7 million, $5.2 million and $17.3 million, respectively.

Operating lease liabilities maturity schedule

Maturities of the Company’s operating and finance lease liabilities as of February 3, 2024 are as follows (in thousands):


	Operating Leases
	Non-Related Parties		Related Parties		Finance Leases		Total
Maturity of Lease Liabilities:
Fiscal 2025	$	187,362	$	8,337	$	6,202	$	201,901
Fiscal 2026	134,829		7,228		5,686		147,743
Fiscal 2027	118,529		7,785		3,170		129,484
Fiscal 2028	87,931		7,699		1,337		96,967
Fiscal 2029	69,087		8,464		284		77,835
Thereafter	170,866		12,325		—		183,191
Total lease payments	768,604		51,838		16,679		837,121
Less: Interest	101,047		10,552		1,249		112,848
Present value of lease liabilities	$	667,557	$	41,286	$	15,430	$	724,273

Finance lease liabilities maturity schedule

Maturities of the Company’s operating and finance lease liabilities as of February 3, 2024 are as follows (in thousands):


	Operating Leases
	Non-Related Parties		Related Parties		Finance Leases		Total
Maturity of Lease Liabilities:
Fiscal 2025	$	187,362	$	8,337	$	6,202	$	201,901
Fiscal 2026	134,829		7,228		5,686		147,743
Fiscal 2027	118,529		7,785		3,170		129,484
Fiscal 2028	87,931		7,699		1,337		96,967
Fiscal 2029	69,087		8,464		284		77,835
Thereafter	170,866		12,325		—		183,191
Total lease payments	768,604		51,838		16,679		837,121
Less: Interest	101,047		10,552		1,249		112,848
Present value of lease liabilities	$	667,557	$	41,286	$	15,430	$	724,273

Other supplemental information

Other supplemental information is as follows (in thousands):

Feb 3, 2024

Lease Term and Discount Rate:

Weighted-average remaining lease term (years)

Operating leases

6.2 years

Finance leases

3.1 years

Weighted-average discount rate

Operating leases

4.9%

Finance leases

5.1%


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Supplemental Cash Flow Information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	207,575	$	220,767	$	225,652


New operating ROU assets obtained in exchange for lease liabilities	$	165,889	$	131,363	$	156,102

Segment Information - Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Segment Reporting Information [Line Items]
Net revenue	$ 2,776,530	$ 2,687,350	$ 2,591,631
Earnings (loss) from operations	263,277	248,173	305,037
Asset impairment charges	(6,887)	(9,544)	(3,149)
Net gains on lease modifications	1,662	2,267	259
Capital expenditures	74,207	89,503	63,521
Operating segments
Segment Reporting Information [Line Items]
Earnings (loss) from operations	396,504	380,385	437,515
Operating segments \| Europe
Segment Reporting Information [Line Items]
Net revenue	1,475,604	1,380,790	1,297,550
Earnings (loss) from operations	171,726	159,629	174,860
Capital expenditures	38,153	51,265	47,034
Operating segments \| Americas Retail
Segment Reporting Information [Line Items]
Net revenue	710,908	758,100	759,117
Earnings (loss) from operations	56,829	87,184	124,902
Capital expenditures	20,429	23,149	7,152
Operating segments \| Americas Wholesale
Segment Reporting Information [Line Items]
Net revenue	199,903	206,208	201,202
Earnings (loss) from operations	54,403	46,266	53,731
Capital expenditures	600	4,039	1,024
Operating segments \| Asia
Segment Reporting Information [Line Items]
Net revenue	276,867	238,815	237,053
Earnings (loss) from operations	7,897	(4,811)	(4,114)
Capital expenditures	4,616	3,932	4,337
Operating segments \| Licensing
Segment Reporting Information [Line Items]
Net revenue	113,248	103,437	96,709
Earnings (loss) from operations	105,649	92,117	88,136
Corporate overhead
Segment Reporting Information [Line Items]
Earnings (loss) from operations	(128,002)	(124,935)	(129,588)
Capital expenditures	10,409	7,118	3,974
Reconciling items
Segment Reporting Information [Line Items]
Asset impairment charges	(6,887)	(9,544)	(3,149)
Net gains on lease modifications	$ 1,662	$ 2,267	$ 259

Borrowings and Finance Lease Obligations - Term Loans and Finance Lease Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023
Debt Instrument [Line Items]
Term loans	$ 12,060	$ 25,516
Finance lease obligations	15,430	19,865
Finance lease obligations \| Computer hardware and software
Debt Instrument [Line Items]
Finance lease obligations	$ 5,500	4,900
Europe \| Term loans
Debt Instrument [Line Items]
Debt maturity period (in years)	1 year
Term loans	$ 12,100	25,500
Europe \| Term loans \| Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)	1.50%
Europe \| Term loans \| Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)	6.70%
Netherlands \| Finance lease obligations \| Equipment
Debt Instrument [Line Items]
Effective interest rate	6.00%
Finance lease obligations	$ 9,900	$ 15,000

Income Taxes - Earnings Before Income Tax and NCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Income Tax Disclosure [Abstract]
Domestic operations	$ 61,157	$ 45,317	$ 141,920
Foreign operations	174,978	152,729	111,809
Earnings before income tax expense	$ 236,135	$ 198,046	$ 253,729

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
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+ Details

Stockholders' Equity - Cash Dividend Declared Per Share (Details) - $ / shares		3 Months Ended	12 Months Ended
	May 24, 2023	Apr. 29, 2023	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.30	$ 0.225	$ 1.1250	$ 0.9000	$ 0.5625

Derivative Financial Instruments - Gain (Losses) on Derivative Instruments Designated As Cash Flow Hedges (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (Loss) Recognized in OCL	$ 6,116	$ 207	$ 11,460
Gain (Loss) Reclassified from AOCL into Earnings	5,039	10,016	(2,323)
Foreign exchange currency contracts
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (Loss) Recognized in OCL	5,705	(929)	10,807
Foreign exchange currency contracts \| Cost of product sales
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (Loss) Reclassified from AOCL into Earnings	4,392	9,988	(2,051)
Interest rate swap
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (Loss) Recognized in OCL	411	1,136	653
Interest rate swap \| Interest expense
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (Loss) Reclassified from AOCL into Earnings	$ 647	$ 28	$ (272)

Savings Plans	12 Months Ended
Savings Plans	Feb. 03, 2024
Retirement Benefits [Abstract]
Savings Plans	Savings Plans The Company has established the Guess?, Inc. Savings Plan (the “Savings Plan”) under Section 401(k) of the Internal Revenue Code. Under the Savings Plan, employees (“associates”) may contribute up to 100% of their compensation per year subject to the elective limits as defined by IRS guidelines, and the Company may make matching contributions in amounts not to exceed 3.0% of the associates’ annual compensation. Investment selections consist of mutual funds and do not include any Company common stock. The Company’s contributions to the Savings Plan amounted to $2.1 million, $2.0 million and $1.7 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Effective January 1, 2006, the Company adopted a Non-Qualified Deferred Compensation Plan (the “DCP”). Under the DCP, select employees who satisfy certain eligibility requirements and members of the Board of Directors may make annual irrevocable elections to defer a portion of their base compensation and/or bonuses. The deferred amounts and earnings thereon are payable to participants at specified future distribution dates, upon termination of employment, retirement, disability, death or change in control of the Company, in a lump sum or installments, pursuant to elections under the rules of the DCP. The participants to the DCP have an unsecured contractual commitment by the Company to pay the amounts due under the DCP. The deferred compensation liability as of February 3, 2024 and January 28, 2023 was $17.2 million and $15.2 million, respectively, and was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments. The Company has purchased corporate-owned life insurance, which is held in a rabbi trust, to offset this liability. The assets held in the rabbi trust are not available for general corporate purposes except in the event of bankruptcy of the Company. As of February 3, 2024 and January 28, 2023, the long-term asset was $17.6 million and $16.2 million, respectively. All earnings and expenses of the rabbi trust are reported in the Company’s consolidated statements of income in other income (expense). The Company incurred unrealized gains (losses) of $1.4 million, $(0.4) million and $0.8 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively, related to the change in the value of the insurance policy investments.

Borrowings and Finance Lease Obligations - Credit Facilities (Details)		12 Months Ended
	Apr. 12, 2023	Feb. 03, 2024 USD ($)	Jan. 28, 2023 USD ($)	Jan. 28, 2023 EUR (€)
Line of Credit Facility [Line Items]
Borrowings under credit facilities		$ 21,653,000	$ 70,304,000
China \| Foreign Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		30,000,000
Borrowings under credit facilities		17,900,000	14,000,000
Japan \| Foreign Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		3,700,000
Borrowings under credit facilities		3,700,000	1,900,000
2023 Credit Facility \| Credit Facility
Line of Credit Facility [Line Items]
Borrowings under credit facilities		0	0
Revolving Credit Facility \| 2023 Credit Facility \| Credit Facility
Line of Credit Facility [Line Items]
Earlier maturity threshold period	60 days
Maximum borrowing capacity		150,000,000
Current borrowing capacity		111,000,000
Maximum increase to capacity		$ 150,000,000
Maximum increase adjustment to the interest margin based on achievement of annual sustainability key performance targets		0.05%
Maximum decrease adjustment to the interest margin based on achievement of annual sustainability key performance targets		0.05%
Maximum increase adjustment to the commitment fee percentage based on achievement of annual sustainability key performance targets		0.01%
Maximum decrease adjustment to the commitment fee percentage based on achievement of annual sustainability key performance targets		0.01%
Availability threshold percent for fixed charge coverage ratio requirement		10.00%
Availability threshold amount for fixed charge coverage ratio requirement		$ 12,500,000
Revolving Credit Facility \| 2022 Credit Facility \| Credit Facility
Line of Credit Facility [Line Items]
Borrowings under credit facilities		0	54,400,000
Remaining borrowing capacity under credit facilities		$ 269,700,000	$ 217,400,000
Revolving Credit Facility \| 2022 Credit Facility \| Credit Facility \| Guess Europe SAGL
Line of Credit Facility [Line Items]
Maximum borrowing capacity \| €				€ 250,000,000
Maximum increase to capacity \| €				€ 100,000,000
Maximum increase adjustment to the interest margin based on achievement of annual sustainability key performance targets		0.05%
Maximum decrease adjustment to the interest margin based on achievement of annual sustainability key performance targets		0.05%
Debt maturity period (in years)			5 years
Extension term			2 years
Commitment fee multiplier percentage on unused capacity			35.00%
Revolving Credit Facility \| 2022 Credit Facility \| Credit Facility \| EURIBOR \| Guess Europe SAGL
Line of Credit Facility [Line Items]
Debt instrument, minimum rate			0.00%
Revolving Credit Facility \| 2022 Credit Facility \| Credit Facility \| Minimum \| Guess Europe SAGL
Line of Credit Facility [Line Items]
Commitment fee margin on unused capacity (as a percent)			0.85%
Utilization fee percentage			0.10%
Revolving Credit Facility \| 2022 Credit Facility \| Credit Facility \| Minimum \| EURIBOR \| Guess Europe SAGL
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)			0.85%
Revolving Credit Facility \| 2022 Credit Facility \| Credit Facility \| Maximum \| Guess Europe SAGL
Line of Credit Facility [Line Items]
Commitment fee margin on unused capacity (as a percent)			1.20%
Utilization fee percentage			0.20%
Revolving Credit Facility \| 2022 Credit Facility \| Credit Facility \| Maximum \| EURIBOR \| Guess Europe SAGL
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)			1.20%
Foreign Line of Credit \| 2023 Credit Facility \| Credit Facility \| Canadian Retail Business
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 20,000,000
Foreign Line of Credit \| 2023 Credit Facility \| Credit Facility \| Canadian Retail Business \| Prime Rate
Line of Credit Facility [Line Items]
Debt instrument, minimum rate		0.00%
Foreign Line of Credit \| 2023 Credit Facility \| Credit Facility \| Canadian Retail Business \| Canadian BA Rate
Line of Credit Facility [Line Items]
Debt instrument, minimum rate		0.00%
Interest rate margin added to base rate		1.00%
Foreign Line of Credit \| 2023 Credit Facility \| Credit Facility \| Canadian Retail Business \| Minimum \| Prime Rate
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		0.25%
Foreign Line of Credit \| 2023 Credit Facility \| Credit Facility \| Canadian Retail Business \| Minimum \| Canadian BA Rate
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		1.25%
Foreign Line of Credit \| 2023 Credit Facility \| Credit Facility \| Canadian Retail Business \| Maximum \| Prime Rate
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		0.75%
Foreign Line of Credit \| 2023 Credit Facility \| Credit Facility \| Canadian Retail Business \| Maximum \| Canadian BA Rate
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		1.75%
U.S. Line of Credit \| 2023 Credit Facility \| Credit Facility \| Base rate
Line of Credit Facility [Line Items]
Debt instrument, minimum rate		0.00%
U.S. Line of Credit \| 2023 Credit Facility \| Credit Facility \| SOFR
Line of Credit Facility [Line Items]
Debt instrument, minimum rate		0.00%
Interest rate margin added to base rate		1.00%
U.S. Line of Credit \| 2023 Credit Facility \| Credit Facility \| Federal Funds Rate
Line of Credit Facility [Line Items]
Interest rate margin added to base rate		0.50%
U.S. Line of Credit \| 2023 Credit Facility \| Credit Facility \| Minimum \| Base rate
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		0.25%
U.S. Line of Credit \| 2023 Credit Facility \| Credit Facility \| Minimum \| SOFR
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		1.25%
U.S. Line of Credit \| 2023 Credit Facility \| Credit Facility \| Maximum \| Base rate
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		0.75%
U.S. Line of Credit \| 2023 Credit Facility \| Credit Facility \| Maximum \| SOFR
Line of Credit Facility [Line Items]
Interest rate margin (as a percent)		1.75%
Standby Letters of Credit \| 2023 Credit Facility \| Credit Facility
Line of Credit Facility [Line Items]
Letters of credit outstanding		$ 6,600,000	$ 8,100,000
Documentary Letters of Credit \| 2023 Credit Facility \| Credit Facility
Line of Credit Facility [Line Items]
Letters of credit outstanding		$ 0	$ 0

Share-Based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 20,246	$ 20,395	$ 21,119
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	164	208	206
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	713	2,709	3,528
Stock awards/units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 19,369	$ 17,478	$ 17,385

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

New Accounting Guidance	12 Months Ended
New Accounting Guidance	Feb. 03, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Guidance	New Accounting Guidance Recently Issued Accounting Guidance Reference Rate Reform The Financial Accounting Standards Board (“FASB”) issued guidance to provide temporary optional expedients to ease the potential burden in accounting for reference rate reform. This guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to certain criteria, referencing the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. The FASB issued subsequent amendments to further clarify the scope of optional expedients and exceptions to derivatives affected by the transition. The guidance is intended to help stakeholders during the global market-wide reference rate transition period. The Company identified and modified its loans and other financial instruments with attributes directly or indirectly influenced by LIBOR. The Company determined, of its current LIBOR references as outlined in Note 8 Borrowings and Finance Lease Obligations, Note 20, Fair Value Measurements, and Note 21, Derivative Financial Instruments, only the obligations under Mortgage Debt, Credit Facilities, and Interest Rate Swap Agreements were impacted by this guidance. In May 2023, the Company amended the terms of the Mortgage Debt for the interest rate to be based on Secured Overnight Financing Rate (“SOFR”) effective May 1, 2023. The Company also amended its existing interest rate swap agreement, resulting in a swap fixed rate of approximately 3.14%. As of February 3, 2024, the Company does not have any financial instruments with attributes directly or indirectly influenced by LIBOR. Common Control Arrangements In March 2023, the FASB issued authoritative guidance to amend certain provisions of Accounting Standards Codification 842 that apply to arrangements between related parties under common control. The amendment requires leasehold improvements associated with common control leases to be amortized over the useful life to the common control group, and requires certain disclosures when the lease term is shorter than the useful life of the asset. This Accounting Standards Update (“ASU”) is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently evaluating the effect of adopting this new accounting guidance. Joint Venture Formations In August 2023, the FASB issued authoritative guidance regarding the initial measurement of joint ventures. Upon formation, a joint venture is required to recognize and initially measure its assets and liabilities at fair value. The new guidance is applicable to joint ventures with a formation date on or after January 1, 2025. The Company will apply this guidance in future reporting periods, after the guidance is effective, to any future arrangements that meet the definition of a joint venture. Segment Reporting In November 2023, the FASB issued authoritative guidance which modifies the disclosure requirements of reportable segments. This guidance is designed to improve reportable segment disclosure requirements, primarily through enhanced disclosures of significant segment expenses. This ASU is effective for fiscal years beginning after December 15, 2023, and for interim periods beginning after December 15, 2024. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements. Income Tax Disclosures In December 2023, the FASB issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures. The additional disclosures required by this update are related to the effective tax rate reconciliation and income taxes paid by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479832/842-10-65-5

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 65
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-Subparagraph (e)(1)
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
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-Subparagraph (e)(1)
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
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-Subparagraph (e)(2)
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-URI https://asc.fasb.org//1943274/2147479654/326-10-65-4

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
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-Subparagraph (f)(3)
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480530/250-10-S99-6

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 250
-Publisher FASB
-URI https://asc.fasb.org//250/tableOfContent

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
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-Subparagraph (e)(1)
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-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-SubTopic 20
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(2)
-SubTopic 20
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

+ Details

Borrowings and Finance Lease Obligations - Mortgage Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2017	Feb. 03, 2024	May 01, 2023	Jan. 28, 2023
Debt Instrument [Line Items]
Mortgage debt		$ 16,435		$ 17,189
Interest rate swap
Debt Instrument [Line Items]
Fair value of cash flow hedge interest rate swap asset		800		1,000
Interest rate swap \| Cash flow hedges \| Derivatives designated as hedging instruments
Debt Instrument [Line Items]
Fixed rate of interest rate swap derivative (as a percent)	3.06%		3.14%
U.S. \| Mortgage Debt \| Building
Debt Instrument [Line Items]
Debt maturity period (in years)	10 years
Mortgage debt	$ 21,500	$ 16,400		$ 17,200
Debt amortization period (in years)	25 years
U.S. \| Mortgage Debt \| Building \| SOFR
Debt Instrument [Line Items]
Interest rate margin (as a percent)	1.50%

Goodwill (Tables)

12 Months Ended

Feb. 03, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of goodwill activity by business segment

Goodwill activity is summarized by business segment as follows (in thousands):


	Americas Retail		Americas Wholesale		Europe		Total
Goodwill balance at January 29, 2022	$	1,747	$	9,969	$	23,169	$	34,885

Foreign currency translation adjustments	(26)		(5)		(577)		(608)
Goodwill balance at January 28, 2023	1,721		9,964		22,592		34,277



Foreign currency translation adjustments	(6)		—		(171)		(177)
Goodwill balance at February 3, 2024	$	1,715	$	9,964	$	22,421	$	34,100

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Income Taxes - Narrative (Details) $ in Thousands, SFr in Millions	12 Months Ended					36 Months Ended
	Feb. 03, 2024 USD ($)	Feb. 03, 2024 CHF (SFr)	Jan. 28, 2023 USD ($)	Jan. 29, 2022 USD ($)	Feb. 01, 2020 USD ($)	Feb. 03, 2024 USD ($)
Income Tax Contingency [Line Items]
Increase to income tax expense						$ 11,000
Income taxes paid for intellectual property transfer				$ 107,200
Income tax expense	$ 25,418		$ 36,502	73,680
Valuation allowance	55,231		45,063			55,231
Increase in valuation allowance	10,200
Operating loss carryforward	45,900					45,900
Operating loss carryforward with unlimited carryforward	7,000					7,000
Operating loss carryforwards, valuation allowance	45,700		36,000			45,700
Unrecognized tax benefit that may reduce our future annual effective tax rate	35,100		34,900			35,100
Accruals for uncertain tax positions	63,400		64,400			63,400
Transition tax included in other long-term liabilities	19,900		19,900			19,900
Accrued income taxes for intellectual property transfer	20,600		20,600			20,600
Interest and penalties related to uncertain tax positions	3,400		2,600	200
Penalties related to uncertain tax positions	11,700		8,400			11,700
Undistributed earnings of foreign subsidiaries subject to repatriation	228,500					228,500
Foreign tax authority
Income Tax Contingency [Line Items]
Operating loss carryforward	38,700					38,700
State/provisional tax authority
Income Tax Contingency [Line Items]
Operating loss carryforward	200					200
Swiss Federal Tax Administration (FTA)
Income Tax Contingency [Line Items]
Income tax benefit recognized related to tax reform					$ 8,100
Income tax expense	5,800		$ 2,300
Write off of tax benefit related to the value of income tax basis step-up of the Switzerland subsidiary's assets	$ 8,100
U.S.
Income Tax Contingency [Line Items]
Income tax expense for intra-company transfer of assets				$ 103,000
Sweden
Income Tax Contingency [Line Items]
Foreign tax settlement benefit						$ 92,000
Sweden \| Minimum
Income Tax Contingency [Line Items]
Deferred income tax benefit, amortization period				5 years
Sweden \| Maximum
Income Tax Contingency [Line Items]
Deferred income tax benefit, amortization period				10 years
Switzerland
Income Tax Contingency [Line Items]
Net tax benefit related to the consolidation of certain business functions into Switzerland \| SFr		SFr 33.7

Description of the Business and Summary of Significant Accounting Policies and Practices - General (Details) - segment	12 Months Ended
	Feb. 01, 2025	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Summary of Significant Accounting Policies [Line Items]
Fiscal period duration		371 days	364 days	364 days
Number of reportable segments		5
Forecast
Summary of Significant Accounting Policies [Line Items]
Fiscal period duration	364 days

Income Taxes (Tables)

12 Months Ended

Feb. 03, 2024

Income Tax Disclosure [Abstract]

Schedule of income tax expense

Income tax expense is summarized as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Federal:
Current	$	7,876	$	8	$	149,811
Deferred	2,270		10,577		9,859
State:
Current	1,546		(1,963)		10,433
Deferred	1,211		85		2,443
Foreign:
Current	30,071		28,844		13,592
Deferred	(17,556)		(1,049)		(112,458)
Total	$	25,418	$	36,502	$	73,680

Schedule of effective income tax rate reconciliation

Actual income tax expense differs from expected income tax expense obtained by applying the statutory federal income tax rate to earnings before income taxes as follows:


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Computed “expected” tax rate	21.0	%	21.0	%	21.0	%
State taxes, net of federal benefit	0.7	%	1.1	%	1.6	%
Intra-entity intellectual property transfer tax rate difference1	3.1	%	—	%	1.6	%
GILTI	2.2	%	2.4	%	0.6	%
Unrecognized tax liabilities (benefits)	0.7	%	2.5	%	(0.6	%)
Tax Reform - repatriation tax adjustment	0.4	%	0.4	%	0.2	%
Tax settlements	0.3	%	—	%	—	%

Subpart F Income	0.2	%	—	%	4.5	%
Valuation reserve2	0.2	%	(4.0	%)	0.7	%
Non-deductible participation loss	—	%	—	%	1.8	%



Foreign derived intangible income3	—	%	—	%	(1.5	%)
Share-based compensation	(0.2	%)	(0.2	%)	(0.4	%)
Prior year income tax adjustments	(0.8	%)	(1.2	%)	0.4	%
Non-deductible permanent differences	(1.1	%)	1.6	%	0.6	%
Non-U.S. tax expense versus U.S. federal statutory tax rate4	(2.7	%)	(4.8	%)	(2.4	%)
Basis step up	(13.6	%)	—	%	—	%
Other, net	0.4	%	(0.4	%)	0.9	%
Effective income tax rate	10.8	%	18.4	%	29.0	%

______________________________________________________________________

1During fiscal 2022, the Company completed an intra-entity transfer of intellectual property rights from a U.S. entity to a wholly-owned Swiss subsidiary, resulting in an income tax rate difference of $4.0 million as of January 29, 2022. As of February 3, 2024, the updated rate difference is $11.0 million.

2Amounts relate primarily to the release of the valuation reserve offset by valuation reserves on net operating losses, other deferred income tax assets arising during the respective period jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred income tax assets.

3During fiscal 2022, the Company recognized an additional foreign-derived intangible income tax benefits of $37.0 million related to the intra-entity transfer of intellectual property rights.

4The jurisdictional location of pre-tax income (loss) may represent a significant component of the Company’s effective income tax rate as earnings (loss) in foreign jurisdictions are taxed at rates different from the U.S. statutory income tax rate. These amounts exclude the impact of net changes in valuation allowances, audit and other adjustments related to the Company’s non-U.S. operations, as they are reported separately in the appropriate corresponding line items.

Schedule of total income tax expense allocation

Total income tax expense is allocated as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Operations	$	25,418	$	36,502	$	73,680
Stockholders’ equity	627		450		2,264
Convertible debt	(9,378)		(6,207)		—
Total income tax expense	$	16,667	$	30,745	$	75,944

Schedule of tax effects of components of other comprehensive income (loss)

The income tax effects of the components of OCL are allocated as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Derivative financial instruments designated as cash flow hedges	$	37	$	(945)	$	1,627
Defined benefit plans	590		1,395		637
Total income tax expense	$	627	$	450	$	2,264

Schedule of total earnings before income tax and noncontrolling interest

Total earnings before income tax expense and noncontrolling interests are comprised as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Domestic operations	$	61,157	$	45,317	$	141,920
Foreign operations	174,978		152,729		111,809
Earnings before income tax expense and noncontrolling interests	$	236,135	$	198,046	$	253,729

Schedule of tax effects of temporary differences

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities are as follows (in thousands):



	Feb 3, 2024		Jan 28, 2023
Deferred income tax assets:
Operating lease liabilities	$	156,689	$	156,234
Intangible assets	77,354		95,119
Net operating losses	43,849		45,384
Goodwill amortization	34,594		2,019
Impairment basis difference	12,703		—
Convertible senior notes hedge transactions	9,666		3,919
Defined benefit plans	9,620		10,186
Deferred compensation	7,838		7,177
Inventory valuation	3,828		4,025
Deferred income	3,614		5,076
Sales return and other reserves	1,691		1,615
Accrued bonus	1,581		1,046
Excess of financial accounting over tax depreciation/amortization	1,454		649
Account receivable reserve	1,386		1,454
Lease incentives	1,233		1,438
Uniform capitalization	840		919

Other, net	18,200		13,449
Total deferred income tax assets	386,140		349,709
Deferred income tax liabilities:
Operating right-of-use assets	(151,871)		(146,243)
Convertible senior notes debt discount	(128)		—


Valuation allowances	(55,231)		(45,063)
Net deferred income tax assets	$	178,910	$	158,403

Schedule of reconciliation of unrecognized tax benefit

A reconciliation of the beginning and ending amount of gross unrecognized income tax benefit (excluding interest and penalties) is as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Beginning balance	$	56,074	$	51,736	$	34,246
Additions:
Income tax positions related to the prior year	47		3,954		280
Income tax positions related to the current year	324		454		21,616
Reductions:
Income tax positions related to the prior year	(4,046)		(70)		(2,405)
Income tax positions related to the current year	(756)		—		(2,001)



Ending balance	$	51,643	$	56,074	$	51,736

Derivative Financial Instruments (Tables)

12 Months Ended

Feb. 03, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of derivative instruments in the consolidated balance sheets

The fair value of derivative instruments in the consolidated balance sheets is as follows (in thousands):


	Fair Value at Feb 3, 2024		Fair Value at Jan 28, 2023		Derivative Balance Sheet Location
ASSETS:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	$	1,590	$	1,073	Other current assets/Other assets
Interest rate swap	797		1,034		Other assets
Total derivatives designated as hedging instruments	2,387		2,107
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	688		1,146		Other current assets
2028 Bond Hedge	85,918		—		Other assets
Total	$	88,993	$	3,253
LIABILITIES:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	$	763	$	12,930	Accrued expenses/Other long-term liabilities
Interest rate swaps	—		—		Other long-term liabilities
Total derivatives designated as hedging instruments	763		12,930
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	939		3,774		Accrued expenses and other current liabilities
Embedded derivatives	16,390		—		Convertible senior notes due 2028, net


Total	$	18,092	$	16,704

Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in accumulated other comprehensive income (loss) and net earnings (loss)

The following summarizes the gains (losses) before income taxes recognized on the derivative instruments designated as cash flow hedges in OCL and net earnings (in thousands):


	Gain (Loss) Recognized in OCL		Gain (Loss) Reclassified from AOCL into Earnings		Location of Gain (Loss) Reclassified from AOCL into Earnings
	Year Ended February 3, 2024

Foreign exchange currency contracts	$	5,705	$	4,392	Cost of product sales


Interest rate swap	$	411	$	647	Interest expense


	Year Ended January 28, 2023



Foreign exchange currency contracts	$	(929)	$	9,988	Cost of product sales


Interest rate swap	$	1,136	$	28	Interest expense


	Year Ended January 29, 2022



Foreign exchange currency contracts	$	10,807	$	(2,051)	Cost of product sales


Interest rate swap	$	653	$	(272)	Interest expense

Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)

The following summarizes net after income tax derivative activity recorded in AOCL (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023
Beginning balance gain (loss)	$	(1,584)	$	7,280

Net gains from changes in cash flow hedges	5,451		47
Net (gains) reclassified to earnings	(4,411)		(8,911)
Ending balance loss	$	(544)	$	(1,584)

Summary of gains (loss) before taxes recognized on the derivative instruments not designated as hedging instruments in other income and expense

The following summarizes the gains (losses) before income taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense) (in thousands):


	Location of Gain (Loss) Recognized in Earnings	Gain (Loss) Recognized in Earnings
		Year Ended
		Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Foreign exchange currency contracts	Other expense	$	2,253	$	(2,833)	$	1,941
2028 Bond Hedge	Other expense	$	1,233	$	—	$	—
Embedded derivatives	Other expense	$	(235)	$	—	$	—

Commitments and Contingencies

12 Months Ended

Feb. 03, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Purchase Commitments

Inventory purchase commitments as of February 3, 2024 were $295.1 million. These purchase commitments can be impacted by various factors, including the scheduling of market weeks, the timing of issuing orders, the timing of the shipment of orders and currency fluctuations.

Incentive Bonuses

Certain officers and key employees of the Company are eligible to receive annual cash incentive bonuses based on the achievement of certain performance criteria. These bonuses are based on performance measures such as earnings from operations of the Company or particular segments thereof, as well as other objective and subjective criteria as determined by the Compensation Committee of the Board of Directors.

Investment Commitments

As of February 3, 2024, the Company had an unfunded commitment to invest €5.2 million ($5.6 million) in certain private equity funds. Refer to Note 20 for further information. In March 2024, the Company funded €1.5 million ($1.6 million) to the private equity fund.

Legal and Other Proceedings

The Company is involved in legal proceedings, arising both in the ordinary course of business and otherwise, including the proceedings described below as well as various other claims and other matters incidental to the Company’s business. Unless otherwise stated, the resolution of any particular proceeding is not currently expected to have a material adverse impact on the Company’s financial position, results of operations or cash flows. Even if such an impact could be material, the Company may not be able to estimate the reasonably possible loss or range of loss until developments in the proceedings have provided sufficient information to support an assessment.

The Company has received customs tax assessment notices from the Italian Customs Agency (“ICA”) regarding its customs tax audit of one of the Company’s European subsidiaries for the period from July 2010 through December 2012. Such assessments totaled €9.8 million ($10.6 million), including potential penalties and interest through such assessment dates. The Company strongly disagreed with the ICA’s positions and therefore filed appeals with the Milan First Degree Tax Court (“MFDTC”). Those appeals were split into a number of different cases that were then heard by different sections of the MFDTC. The MFDTC ruled in favor of the Company on all of these appeals. The ICA subsequently appealed €9.7 million ($10.5 million) of these favorable MFDTC judgments with the Appeals Court. As of February 3, 2024, €8.5 million ($9.2 million) have been decided in favor of the Company and €1.2 million ($1.3 million) have been decided in favor of the ICA. The Company believes that the unfavorable Appeals Court ruling is incorrect and inconsistent with the prior rulings on similar matters by both the MFDTC and other judges within the Appeals Court, and has appealed the decision to the Supreme Court. The ICA has appealed most of the favorable Appeals Court rulings to the Supreme Court. As of February 3, 2024, of the cases that have been appealed to the Supreme Court, €1.5 million ($1.6 million) have been decided in favor of the Company based on the merits of the case and €0.2 million ($0.2 million) have been remanded back to the lower court for further consideration. There can be no assurances the Company will be successful in the remaining appeals. It also continues to be possible that the Company will receive similar or even larger assessments for periods subsequent to December 2012 or other claims or charges (including additional interest amounts) related to the matter in the future. Although the Company believes that it has a strong position and will continue to vigorously defend this matter, it is unable to predict with certainty whether or not these efforts will ultimately be successful or whether the outcome will have a material impact on the Company’s financial position, results of operations or cash flows.

On January 11, 2022, Legion Partners Holdings, LLC (“Legion”), a stockholder of Guess common stock, sent two letters to the Board of Directors of Guess (the “Board”). One letter sought books and records pursuant to Section 220 of the Delaware General Corporation Law (the “220 Demand”) to purportedly investigate potential breaches of fiduciary duties by the Board in connection with the Board’s renomination of Mr. Maurice Marciano to the Board and certain related party transactions. The second letter demanded that the Board take action to cause the Company to investigate and commence legal proceedings for breach of fiduciary duty claims the Company may have in connection with alleged misconduct of Mr. Paul Marciano, the Board’s oversight of and response to such alleged misconduct, and the Board’s review and approval of certain related-party transactions (the “Litigation Demand”). On January 31, 2022, the Company responded to both letters informing Legion that the Company was reviewing the formation of a committee in response to the Litigation Demand and detailing the deficiencies with the 220 Demand under Delaware law, including that Legion failed to state a proper purpose and that the scope of Legion’s requested books and records was overbroad. The Company subsequently formed a Demand Review Committee (the “DRC”), which engaged in a review of the matters detailed in the Litigation Demand.

On April 14, 2022, the Employees Retirement System of Rhode Island (“ERSRI”), a stockholder of Guess common stock, sent a letter to the Company seeking books and records pursuant to Section 220 of the Delaware General Corporation Law to purportedly investigate potential breaches of fiduciary duties by the Board in connection with alleged misconduct of Mr. Paul Marciano, the Board’s oversight of and response to such alleged misconduct, and the Board’s review and approval of certain related-party transactions. The Company responded to the letter on April 19, 2022, negotiated a Confidentiality Agreement, and has completed its production of books and records to ERSRI.

On September 19, 2022, ERSRI filed a stockholder derivative lawsuit styled Employees Retirement System of Rhode Island, derivatively on behalf of Guess?, Inc. v. Paul Marciano, et al., in the Court of Chancery of the State of Delaware against the Company, as the nominal defendant, Mr. Paul Marciano and other members of the Board, alleging breach of fiduciary duties relating to the continued service of Mr. Paul Marciano as a director of the Board and as the Company’s Chief Creative Officer following prior allegations of improper conduct by him relating to the treatment of models and other women. ERSRI did not make a demand on the Board before instituting the lawsuit and alleged such demand would have been futile. On October 28, 2022, ERSRI amended the complaint to include an additional basis for alleging demand futility. ERSRI sought monetary damages and possible injunctive relief.

On September 29, 2023, the Company and all defendants in the ERSRI action entered into a Stipulation and Agreement of Compromise, Settlement, and Release (the “Stipulation”), which was approved by the Court on January 4, 2024 and resolved all claims asserted against all defendants in the ERSRI action without any admission or finding of wrongdoing attributed to them personally or to the Company. Under the terms of the Stipulation, the Company will implement certain governance and compliance enhancements. These enhancements include the establishment of a Diversity, Equity, and Inclusion Council (the “DEI Council”), which will be comprised of one independent director and two consultants, including one consultant to be selected by ERSRI. The DEI Council will report directly to the Board and be responsible for overseeing the development and implementation of the Company’s policies and procedures related to harassment, discrimination and retaliation, including, in certain circumstances, having the authority to conduct investigations and to recommend disciplinary action, up to and including termination, of senior executives or Board members found to have engaged in misconduct. The DEI Council will also be responsible for overseeing a commitment to be added to the Company’s Governance Guidelines regarding the Company’s measures to prevent and respond to sexual harassment and discrimination. Pursuant to the Stipulation, the Company will appoint two new independent directors to the Board, including one to be selected by ERSRI and mutually agreed to by the Company. The Stipulation also includes certain agreements by Mr. Paul Marciano relating to meetings or activities with current or prospective Company models. In addition to the governance enhancements, pursuant to the Stipulation, (a) the defendants in the ERSRI action caused the Company to receive (i) a payment of $22 million upon Court approval of the settlement pursuant to the terms of the Stipulation, and (ii) the right to receive an additional payment of $8 million contingent on the recovery from the insurers currently being sought by the Company and the insureds in pending litigation against the insurers, and (b) the Company is responsible to pay an attorney’s fee award to ERSRI’s counsel. The $22 million received by the Company and the related attorney’s fee award under the terms of the Stipulation was accounted for by the Company when approved by the Court.

On February 16, 2023, Legion filed a stockholder derivative lawsuit styled Legion Partners Holdings, LLC, derivatively on behalf of Guess?, Inc. v. Paul Marciano, et al. in the Court of Chancery of the State of Delaware against the Company, as the nominal defendant, Mr. Paul Marciano and other members of the Board, alleging breach of fiduciary duties relating to the continued service of Mr. Paul Marciano to the Company following the prior allegations described in the ERSRI stockholder derivative lawsuit. Legion seeks monetary damages and possible injunctive relief. On March 15, 2023, the Company moved for a more definite statement and moved to dismiss or stay the action. On May 9, 2023, Legion voluntarily dismissed the claims against Mr. Paul Marciano without prejudice. With the recent settlement of the ERSRI derivative suit as described above, the Company expects the Legion suit to be dismissed in the near future.

On June 3, 2023, the Company received a letter from an individual seeking to settle certain claims against Mr. Paul Marciano and the Company relating to allegations of improper treatment of the individual by Mr. Paul Marciano. The letter did not make an assertion of damages. The individual was initially represented by the same attorney who represented plaintiffs in similar actions in 2021 and 2022, which were settled out of court in 2022 to avoid the cost of litigation and without admitting liability or fault. The individual subsequently retained a different attorney. No complaint has been filed with respect to the allegations in the June 2023 letter, and Mr. Paul Marciano and the Company dispute the allegations fully.

Redeemable Noncontrolling Interests

The Company is party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest for its majority-owned subsidiary, Guess Brasil Comércio e Distribuição S.A. (“Guess Brazil”). The put arrangement for Guess Brazil, representing 40% of the total outstanding equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holder by providing written notice to the Company every third anniversary beginning in March 2019, subject to certain time restrictions. The redemption value of the Guess Brazil put arrangement is based on a multiple of Guess Brazil’s earnings before interest, taxes, depreciation and amortization subject to certain adjustments and is classified as a redeemable noncontrolling interest outside of permanent equity in the Company’s consolidated balance sheet. As of both February 3, 2024 and January 28, 2023, the carrying value of the redeemable noncontrolling interest related to Guess Brazil was $0.5 million.

The Company (through a wholly-owned European subsidiary) was previously party to a put arrangement with respect to the securities that represented the remaining noncontrolling interest for its majority-owned Russian subsidiary, Guess? CIS, LLC (“Guess CIS”), which was established through a majority-owned joint venture during fiscal 2016. The put arrangement for Guess CIS (the “Put Option”), representing 30% of the total outstanding equity interest of that subsidiary, was exercisable at the sole discretion of the noncontrolling interest holder (the “Minority Holder”) by providing written notice to the Company through December 31, 2025. The redemption value of the Put Option was based on a multiple of Guess CIS’s earnings before interest, taxes, depreciation and amortization subject to certain adjustments and was classified as a redeemable noncontrolling interest outside of permanent equity in the Company’s consolidated balance sheet. The carrying value of the redeemable noncontrolling interest related to Guess CIS was €8.0 million as of January 28, 2023.

In November 2022, the Minority Holder exercised the Put Option, triggering a contractual obligation for the Company to purchase the Minority Holder’s 30% interest in Guess CIS. Following a comprehensive review of the various economic sanctions imposed by the United States and European governments with respect to Russia, and obtaining guidance from the U.S. Department of the Treasury’s Office of Foreign Assets Control, the Company determined that its acquisition of the Minority Holder’s 30% interest in Guess CIS pursuant to the Company’s pre-sanctions contractual obligation to fulfill the Minority Holder’s exercise of the Put Option was not prohibited by current economic sanctions, including the U.S. ban on new investment in Russia. As such, following the exercise of the Put Option by the Minority Holder, the Company and the Minority Holder entered into an agreement to proceed with the Company’s acquisition of the Minority Holder’s 30% interest in Guess CIS for a purchase price of €8.0 million, subject to the formal approval of the acquisition by the relevant Russian government commission and certain other customary conditions. This formal approval was received, and the purchase was completed in May 2023. As a result of this transaction, there was no redeemable noncontrolling interest related to Guess CIS as of February 3, 2024.

A reconciliation of the total carrying amount of redeemable noncontrolling interests is (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023
Beginning balance	$	9,154	$	9,500
Foreign currency translation adjustment	(51)		(346)
Purchase of redeemable noncontrolling interest	(8,581)		—
Ending balance	$	522	$	9,154

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Reconciliation of valuation and qualifying accounts
Beginning balance	$ 106,817	$ 123,750	$ 111,769
Costs Charged to Expenses	136,600	153,929	149,648
Deductions and Write-offs	(133,872)	(170,862)	(137,667)
Ending balance	109,545	106,817	123,750
Allowance for doubtful accounts
Reconciliation of valuation and qualifying accounts
Beginning balance	8,554	11,039	14,200
Costs Charged to Expenses	181	907	4,670
Deductions and Write-offs	(1,559)	(3,392)	(7,831)
Ending balance	7,176	8,554	11,039
Allowance for markdowns
Reconciliation of valuation and qualifying accounts
Beginning balance	17,530	19,014	16,245
Costs Charged to Expenses	19,188	26,720	21,159
Deductions and Write-offs	(23,786)	(28,204)	(18,390)
Ending balance	12,932	17,530	19,014
Allowance for sales returns
Reconciliation of valuation and qualifying accounts
Beginning balance	35,670	38,419	27,193
Costs Charged to Expenses	107,063	123,525	122,672
Deductions and Write-offs	(108,527)	(126,274)	(111,446)
Ending balance	34,206	35,670	38,419
Allowance for deferred tax asset valuation
Reconciliation of valuation and qualifying accounts
Beginning balance	45,063	55,278	54,131
Costs Charged to Expenses	10,168	2,777	1,147
Deductions and Write-offs	0	(12,992)	0
Ending balance	$ 55,231	$ 45,063	$ 55,278

Lease Accounting - Lease Term and Discount Rate (Details)	Feb. 03, 2024
Weighted-average remaining lease term (years)
Operating leases	6 years 2 months 12 days
Finance leases	3 years 1 month 6 days
Weighted-average discount rate
Operating leases	4.90%
Finance leases	5.10%

Description of the Business and Summary of Significant Accounting Policies and Practices - Long-Lived Assets (Details)	12 Months Ended
	Feb. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Period of time new regular retail locations in penetrated markets would need to be opened to be considered for impairment	1 year

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Paid-in Capital	Paid-in Capital Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Treasury Stock	Nonredeemable Noncontrolling Interests
Balance at beginning of period (in shares) at Jan. 30, 2021			64,230,162
Balance at beginning of period at Jan. 30, 2021	$ 565,580		$ 642	$ 553,111		$ 1,034,823		$ (120,675)	$ (924,238)	$ 21,917
Balance at beginning of period (in shares) at Jan. 30, 2021									78,563,517
Increase (Decrease) in Stockholders' Equity
Net earnings	180,049					171,363				8,686
Other comprehensive income (loss), net of income tax effect	(15,840)							(14,874)		(966)
Issuance of common stock under stock compensation plans including tax effect (in shares)			718,018						739,751
Issuance of common stock under stock compensation plans including income tax effect	(751)		$ 8	(9,469)					$ 8,710
Issuance of stock under Employee Stock Purchase Plan (in shares)			38,144						38,144
Issuance of stock under Employee Stock Purchase Plan	713			263					$ 450
Share-based compensation	21,119			21,096		23
Dividends	(37,091)					(37,091)
Share repurchases (in shares)			(2,289,292)						(2,289,292)
Share repurchases	(51,030)		$ (23)	23					$ (51,030)
Noncontrolling interest capital distributions	(3,452)									(3,452)
Redeemable noncontrolling interest redemption value adjustment	(5,654)					(10,454)				4,800
Balance at end of period (in shares) at Jan. 29, 2022			62,697,032
Balance at end of period at Jan. 29, 2022	$ 653,643	$ (21,290)	$ 627	565,024	$ (43,078)	1,158,664	$ 21,788	(135,549)	$ (966,108)	30,985
Balance at end of period (in shares) at Jan. 29, 2022									80,074,914
Increase (Decrease) in Stockholders' Equity
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Net earnings	$ 161,544					149,610				11,934
Other comprehensive income (loss), net of income tax effect	3,208							1,476		1,732
Issuance of common stock under stock compensation plans including tax effect (in shares)			852,514						853,207
Issuance of common stock under stock compensation plans including income tax effect	591		$ 9	(10,076)					$ 10,658
Issuance of stock under Employee Stock Purchase Plan (in shares)			45,843						45,843
Issuance of stock under Employee Stock Purchase Plan	686			104					$ 582
Share-based compensation	20,395			20,334		61
Dividends	(53,266)					(53,266)
Share repurchases (in shares)			(8,985,603)						(8,985,603)
Share repurchases	(186,747)		$ (90)	90					$ (186,747)
Noncontrolling interest capital distributions	$ (6,013)									(6,013)
Balance at end of period (in shares) at Jan. 28, 2023	54,609,786		54,609,786
Balance at end of period at Jan. 28, 2023	$ 572,751		$ 546	532,398		1,276,857		(134,073)	$ (1,141,615)	38,638
Balance at end of period (in shares) at Jan. 28, 2023	88,161,467								88,161,467
Increase (Decrease) in Stockholders' Equity
Net earnings	$ 210,717					198,199				12,518
Other comprehensive income (loss), net of income tax effect	(182)							(2,937)		2,755
Issuance of common stock under stock compensation plans including tax effect (in shares)			1,513,392						1,513,330
Issuance of common stock under stock compensation plans including income tax effect	(1,214)		$ 16	(20,902)					$ 19,672
Issuance of stock under Employee Stock Purchase Plan (in shares)			38,127						38,127
Issuance of stock under Employee Stock Purchase Plan	617			119					$ 498
Share-based compensation	20,246			20,236		10
Dividends	(62,640)					(62,640)
Share repurchases (in shares)			(3,153,339)						(3,153,339)
Share repurchases	(64,081)		$ (32)	32					$ (64,081)
Purchase of redeemable noncontrolling interest	95			1,318						(1,223)
Noncontrolling interest capital distributions	(2,834)									(2,834)
Equity component value of convertible notes transactions, net	(726)			(726)
Sales of common stock warrants	25,921			25,921
Purchases of convertible note hedges	(40,092)			(40,092)
Reclassification of convertible bond hedges	68,530			68,530
Terminations of common stock warrants	(1,124)			(1,124)
Terminations of convertible note hedges	$ 8,810			8,810
Balance at end of period (in shares) at Feb. 03, 2024	53,007,966		53,007,966
Balance at end of period at Feb. 03, 2024	$ 734,794		$ 530	$ 594,520		$ 1,412,426		$ (137,010)	$ (1,185,526)	$ 49,854
Balance at end of period (in shares) at Feb. 03, 2024	89,763,349								89,763,349

Commitments and Contingencies - Narrative (Details) $ in Thousands	1 Months Ended			12 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2024 EUR (€)	May 31, 2023 EUR (€)	Feb. 03, 2024 USD ($) subsidiary	Feb. 03, 2024 EUR (€) subsidiary	Jan. 28, 2023 USD ($)	Jan. 28, 2023 EUR (€)	Feb. 03, 2024 EUR (€)	Jan. 04, 2024 USD ($)	Sep. 29, 2023 director consultant	Apr. 30, 2023	Jan. 28, 2023 EUR (€)	Jan. 29, 2022 USD ($)
Other Commitments [Line Items]
Purchase commitments				$ 295,100
Redeemable noncontrolling interests				$ 522		$ 9,154							$ 9,500
Guess Brazil
Other Commitments [Line Items]
Total equity interest in subsidiary held by noncontrolling owners (as a percent)				40.00%				40.00%
Redeemable noncontrolling interests				$ 500		500
Guess CIS
Other Commitments [Line Items]
Total equity interest in subsidiary held by noncontrolling owners (as a percent)											30.00%
Redeemable noncontrolling interests \| €								€ 0				€ 8,000,000
Payment to acquire noncontrolling interest \| €			€ 8,000,000
Pending litigation \| ERSRI
Other Commitments [Line Items]
Number of independent directors to be on DEI Council \| director										1
Number of consultants to be on DEI Council \| consultant										2
Number of consultants to be on DEI Council and selected by ERSRI \| consultant										1
Number of new independent directors to be appointed to the Board \| director										2
Number of new independent directors to be appointed to the Board that will be selected by ERSRI \| director										1
Pending litigation \| ERSRI \| Settlement Pursuant to Terms of Stipulation
Other Commitments [Line Items]
Gain contingency recognized									$ 22,000
Pending litigation \| ERSRI \| Contingent Recovery from the Insurers Involved in Pending Litigation
Other Commitments [Line Items]
Gain contingency recognized									$ 8,000
Italy \| Pending litigation \| Italian customs tax audit and appeals \| Europe
Other Commitments [Line Items]
Number of subsidiaries under audit by the Italian Customs Agency \| subsidiary				1	1
Customs tax assessments including potential penalties and interest				$ 10,600				9,800,000
Appealed custom tax assessments				10,500	€ 9,700,000
Italy \| Pending litigation \| Italian customs tax audit and appeals \| Europe \| Appeals Court
Other Commitments [Line Items]
Amount with appealed ruling in favor of the Company				9,200	8,500,000
Monetary damages awarded by court to the plaintiff				1,300	1,200,000
Italy \| Pending litigation \| Italian customs tax audit and appeals \| Europe \| Italian Supreme Court
Other Commitments [Line Items]
Amount being reconsidered in lower court				200	200,000
Italy \| Settled litigation \| Italian customs tax audit and appeals \| Europe \| Italian Supreme Court
Other Commitments [Line Items]
Amount with appealed ruling in favor of the Company				1,600	1,500,000
Fair Value Measured at Net Asset Value Per Share
Other Commitments [Line Items]
Unfunded commitment to invest in private equity fund				5,600				€ 5,200,000
Payments to acquire investment in private equity fund				$ 5,600	€ 5,000,000	$ 100	€ 100,000
Fair Value Measured at Net Asset Value Per Share \| Subsequent events
Other Commitments [Line Items]
Payments to acquire investment in private equity fund	$ 1,600	€ 1,500,000

Stockholders' Equity (Tables)

12 Months Ended

Feb. 03, 2024

Equity [Abstract]

Dividends declared

The following sets forth the cash dividend declared per share:


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Cash dividend declared per share	$	1.1250	$	0.9000	$	0.5625

Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes

The changes in AOCL, net of related income taxes, are (in thousands):


	Foreign Currency Translation Adjustment		Derivative Financial Instruments Designated as Cash Flow Hedges		Defined Benefit Plans		Total
Balance at January 30, 2021	$	(105,970)	$	(4,876)	$	(9,829)	$	(120,675)
Gains (losses) arising during the period	(29,891)		10,121		2,550		(17,220)
Reclassification to net earnings for losses realized	—		2,035		311		2,346
Net OCL	(29,891)		12,156		2,861		(14,874)

Balance at January 29, 2022	$	(135,861)	$	7,280	$	(6,968)	$	(135,549)
Gains arising during the period	6,693		47		3,177		9,917
Reclassification to net earnings for (gains) losses realized	—		(8,911)		470		(8,441)
Net OCL	6,693		(8,864)		3,647		1,476
Balance at January 28, 2023	$	(129,168)	$	(1,584)	$	(3,321)	$	(134,073)
Gains (losses) arising during the period	(6,947)		5,451		2,883		1,387
Reclassification to net earnings for (gains) losses realized	—		(4,411)		87		(4,324)
Net OCL	(6,947)		1,040		2,970		(2,937)

Balance at February 3, 2024	$	(136,115)	$	(544)	$	(351)	$	(137,010)

Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)

Details on reclassifications out of AOCL to net earnings are as follows (in thousands):


	Year Ended						Location of (Gain) Loss Reclassified from AOCL into Earnings
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Derivative financial instruments designated as cash flow hedges:
Foreign exchange currency contracts	$	(4,392)	$	(9,988)	$	2,051	Cost of product sales

Interest rate swap	(647)		(28)		272		Interest expense
Less income tax effect	628		1,105		(288)		Income tax expense
	(4,411)		(8,911)		2,035




Defined benefit plans:
Net actuarial loss amortization	256		615		420		Other expense
Prior service credit amortization	(160)		(90)		(67)		Other expense
Less income tax effect	(9)		(55)		(42)		Income tax expense
	87		470		311
Total reclassifications to net earnings for (gains) losses realized during the period	$	(4,324)	$	(8,441)	$	2,346

Lease Accounting - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Lease Cost
Net gains on lease modifications	$ 1,662	$ 2,267	$ 259
Finance lease costs
Total lease costs	326,228	307,711	296,454
Europe
Finance lease costs
Rent concessions from landlord	1,700	5,200	17,300
Cost of product sales
Lease Cost
Operating lease costs	181,760	175,752	181,888
Finance lease costs
Amortization of leased assets	69	81	55
Variable lease costs	101,056	92,331	75,339
Short-term lease costs	316	351	366
Selling, general and administrative expenses
Lease Cost
Operating lease costs	26,771	24,845	25,047
Finance lease costs
Amortization of leased assets	6,412	6,177	5,525
Variable lease costs	4,732	3,335	2,175
Short-term lease costs	6,005	6,141	4,856
Net gains on lease modifications
Lease Cost
Net gains on lease modifications	1,662	2,267	259
Interest expense
Finance lease costs
Interest on lease liabilities	$ 769	$ 965	$ 1,462

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	May 01, 2023	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021	Jan. 28, 2017
Derivative [Line Items]
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ 734,794		$ 572,751	$ 653,643	$ 565,580
Foreign exchange currency cash flow hedge unrealized loss to be recognized in cost of product sales over the following 12 months	1,300
Interest rate swap cash flow hedge unrealized gain to be recognized in interest expense over the following 12 months	600
Derivative Financial Instruments Designated as Cash Flow Hedges
Derivative [Line Items]
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ (544)		(1,584)	$ 7,280	$ (4,876)
Derivatives not designated as hedging instruments \| Euro
Derivative [Line Items]
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	2 months
Foreign exchange currency contracts \| Derivative Financial Instruments Designated as Cash Flow Hedges
Derivative [Line Items]
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ (1,200)
Foreign exchange currency contracts \| Derivatives not designated as hedging instruments \| Euro
Derivative [Line Items]
Notional amount of derivative outstanding	52,000		83,500
Interest rate swap \| Derivative Financial Instruments Designated as Cash Flow Hedges
Derivative [Line Items]
Net unrealized gain (loss) in accumulated other comprehensive income (loss) related to cash flow hedges	$ 600
Interest rate swap \| Cash flow hedges \| Derivatives designated as hedging instruments
Derivative [Line Items]
Notional amount of derivative outstanding						$ 21,500
Fixed rate of interest rate swap designated as a cash flow hedge (as a percent)		3.14%				3.06%
Europe \| Cash flow hedges \| Derivatives designated as hedging instruments
Derivative [Line Items]
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	11 months
Europe \| Foreign exchange currency contracts \| Cash flow hedges \| Derivatives designated as hedging instruments
Derivative [Line Items]
U.S. dollar forward contracts purchased, total notional amount	$ 119,000
Notional amount of derivative outstanding	$ 104,000		$ 253,000

Description of the Business and Summary of Significant Accounting Policies and Practices - Earnings (Loss) Per Share (Details) - Senior notes	Jan. 31, 2024	Apr. 30, 2019
2024 Notes
Debt Instrument [Line Items]
Interest rate (as a percent)		2.00%
2028 Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	3.75%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Lease Accounting - Narrative (Details) $ in Millions	12 Months Ended
Lease Accounting - Narrative (Details) $ in Millions	Feb. 03, 2024 USD ($)
Operating Leases
Lease not yet commenced	$ 34.5
Retail store leases \| Minimum
Operating Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	3.00%
Retail store leases \| Maximum
Operating Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	26.00%
Retail concession leases \| Average
Operating Leases
Percentage of annual sales volume used for incremental rent on certain retail location leases	25.00%

Description of the Business and Summary of Significant Accounting Policies and Practices - Advertising and Marketing Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advertising and marketing expense	$ 49.9	$ 51.5	$ 48.5

Derivative Financial Instruments - Summary of Derivative Instruments (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
ASSETS:
Derivatives, assets	$ 88,993	$ 3,253
LIABILITIES:
Derivatives, liabilities	18,092	16,704
Cash flow hedges \| Derivatives designated as hedging instruments
ASSETS:
Derivatives, assets	2,387	2,107
LIABILITIES:
Derivatives, liabilities	763	12,930
Other current assets/Other assets \| Foreign exchange currency contracts \| Cash flow hedges \| Derivatives designated as hedging instruments
ASSETS:
Derivatives, assets	1,590	1,073
Other assets \| Interest rate swap \| Cash flow hedges \| Derivatives designated as hedging instruments
ASSETS:
Derivatives, assets	797	1,034
Other assets \| 2028 Bond Hedge \| Derivatives not designated as hedging instruments
ASSETS:
Derivatives, assets	85,918	0
Other current assets \| Foreign exchange currency contracts \| Derivatives not designated as hedging instruments
ASSETS:
Derivatives, assets	688	1,146
Accrued expenses/Other long-term liabilities \| Foreign exchange currency contracts \| Cash flow hedges \| Derivatives designated as hedging instruments
LIABILITIES:
Derivatives, liabilities	763	12,930
Other long-term liabilities \| Interest rate swap \| Cash flow hedges \| Derivatives designated as hedging instruments
LIABILITIES:
Derivatives, liabilities	0	0
Accrued expenses and other current liabilities \| Foreign exchange currency contracts \| Derivatives not designated as hedging instruments
LIABILITIES:
Derivatives, liabilities	939	3,774
Convertible senior notes due 2028, net \| Embedded derivatives \| Derivatives not designated as hedging instruments
LIABILITIES:
Derivatives, liabilities	$ 16,390	$ 0

Accounts Receivable

12 Months Ended

Feb. 03, 2024

Receivables [Abstract]

Accounts Receivable

Accounts receivable is summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Trade	$	305,900	$	306,737
Royalty	9,334		37,521
Other	6,711		6,235
	321,945		350,493

Less allowances	7,176		8,554




	$	314,769	$	341,939

Accounts receivable consists of trade receivables relating primarily to the Company’s wholesale business in Europe and, to a lesser extent, its wholesale businesses in the Americas and Asia, royalty receivables relating to its licensing operations, credit card and retail concession receivables related to its retail businesses and certain other receivables. Other receivables generally relate to amounts due to the Company that result from activities that are not related to the direct sale of the Company’s products or collection of royalties.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Feb. 03, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Subsequent Events	12 Months Ended
Subsequent Events	Feb. 03, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividends On March 20, 2024, the Company announced a special cash dividend of $2.25 per share on the Company’s common stock and a quarterly cash dividend of $0.30 per share on the Company’s common stock. Both dividends will be paid on May 3, 2024 to shareholders of record as of the close of business on April 17, 2024. As a result of this dividend declaration, the Company will adjust the conversion rates (which are expected to increase) and the conversion prices (which are expected to decrease) of the 2028 Notes in accordance with the terms of the 2028 Indenture, effective as of April 16, 2024. A corresponding adjustment is expected to be made to the strike prices with respect to the convertible note hedges and the warrants entered into by the Company in connection with the offering of the corresponding Notes, each of which will be decreased in accordance with the terms of the applicable convertible note hedge confirmations and warrant confirmations. Acquisition of rag & bone On February 16, 2024, the Company announced a definitive agreement to acquire New York-based fashion brand rag & bone. Under the terms of the agreement, the Company will acquire all the rag & bone operating assets and assume the related operating liabilities of the business. In addition, a joint venture owned 50% each by the Company and WHP Global will acquire rag & bone’s intellectual property. The Company expects to contribute approximately $56.5 million for the acquisition, subject to customary closing price adjustments. There is also the potential for an incremental earnout consideration of which the Company will be responsible for a maximum of $12.8 million, based on preset levels of sales and EBITDA performance over the course of rag & bone's 2024 fiscal year. Concurrent with the closing of the transaction, the Company plans to enter into a license agreement with the joint venture, which will grant the Company the exclusive right to use rag & bone intellectual property to manufacture licensed products worldwide and to sell licensed products in specified territories in exchange for the Company’s payment of a royalty fee. The acquisition is subject to customary closing conditions and is expected to close during the first quarter of fiscal 2025. Additional Note Exchange Transactions On March 28, 2024, the Company entered into a separate, privately negotiated exchange and subscription agreement with a holder of the remaining 2024 Notes pursuant to which the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of the 2028 Notes. This additional exchange transaction is anticipated to settle on or about April 2, 2024, subject to customary closing conditions. Following the closing of this additional exchange transaction, the Company expects to have approximately $33.5 million remaining aggregate principal amount of the 2024 Notes. Share Repurchase Program On March 25, 2024, the Board of Directors authorized a new $200.0 million share repurchase program. Repurchases under the program may be made on the open market or in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or other available means. There is no minimum or maximum number of shares to be repurchased under the program, which may be discontinued at any time, without prior notice. In connection with the additional exchange transaction described above, the Company engaged in share repurchase transactions, whereby the Company agreed to repurchase 326,429 of its outstanding shares of common stock, $0.01 par value per share, for cash.

Commitments and Contingencies - Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023
Redeemable Noncontrolling Interest [Roll Forward]
Beginning balance	$ 9,154	$ 9,500
Foreign currency translation adjustment	(51)	(346)
Purchase of redeemable noncontrolling interest	(8,581)	0
Ending balance	$ 522	$ 9,154

- Definition

Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References + Details

Share-Based Compensation - Non-Options Award Activity (Details) - $ / shares	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Stock awards/units
Number of Shares/Units
Nonvested at the beginning of the period (in shares)	2,340,292
Granted (in shares)	1,280,124
Vested (in shares)	(1,458,039)
Forfeited (in shares)	(214,521)
Nonvested at the end of the period (in shares)	1,947,856	2,340,292
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 17.81
Granted (in dollars per share)	17.10	$ 19.74	$ 24.21
Vested (in dollars per share)	14.51
Forfeited (in dollars per share)	20.20
Nonvested at the end of the period (in dollars per share)	$ 19.56	$ 17.81
Performance-based units
Number of Shares/Units
Nonvested at the beginning of the period (in shares)	612,627
Granted (in shares)	340,042
Vested (in shares)	(391,388)
Forfeited (in shares)	(184,365)
Nonvested at the end of the period (in shares)	376,916	612,627
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 20.14
Granted (in dollars per share)	18.14
Vested (in dollars per share)	20.02
Forfeited (in dollars per share)	20.34
Nonvested at the end of the period (in dollars per share)	$ 18.36	$ 20.14
Market-based units
Number of Shares/Units
Nonvested at the beginning of the period (in shares)	946,787
Granted (in shares)	281,487
Vested (in shares)	(505,494)
Forfeited (in shares)	0
Nonvested at the end of the period (in shares)	722,780	946,787
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 14.75
Granted (in dollars per share)	12.06
Vested (in dollars per share)	6.38
Forfeited (in dollars per share)	0
Nonvested at the end of the period (in dollars per share)	$ 19.55	$ 14.75
Market-based units \| Fiscal 2024
Number of Shares/Units
Vested (in shares)	(145,003)

Defined Benefit Plans (Tables)

12 Months Ended

Feb. 03, 2024

Retirement Benefits [Abstract]

Schedule of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

The components of net periodic defined benefit pension cost to AOCL related to the Company’s defined benefit plans are as follows (in thousands):


	SERP		Foreign Pension Plans		Total
	Year Ended February 3, 2024
Service cost	$	—	$	3,731	$	3,731
Interest cost	1,862		913		2,775
Expected return on plan assets	—		(809)		(809)
Net amortization of unrecognized prior service credit	—		(160)		(160)
Net amortization of actuarial loss	—		256		256

Net periodic defined benefit pension cost	$	1,862	$	3,931	$	5,793

Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(160)	$	(160)
Unrecognized net actuarial loss charged to comprehensive income (loss)	—		256		256
Net actuarial gain (loss)	4,388		(563)		3,825
Foreign currency and other adjustments	—		(361)		(361)
Related tax impact	(1,014)		424		(590)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	$	3,374	$	(404)	$	2,970


	SERP		Foreign Pension Plans		Total
	Year Ended January 28, 2023
Service cost	$	—	$	3,008	$	3,008
Interest cost	1,333		221		1,554
Expected return on plan assets	—		(271)		(271)
Net amortization of unrecognized prior service credit	—		(90)		(90)
Net amortization of actuarial loss	17		598		615
Net periodic defined benefit pension cost	$	1,350	$	3,466	$	4,816

Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(90)	$	(90)
Unrecognized net actuarial loss charged to comprehensive income (loss)	17		598		615
Net actuarial gain	6,649		(2,759)		3,890
Foreign currency and other adjustments	—		627		627
Related tax impact	(1,547)		152		(1,395)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	$	5,119	$	(1,472)	$	3,647



	Year Ended January 29, 2022

Service cost	$	—	$	3,142	$	3,142
Interest cost	1,155		74		1,229
Expected return on plan assets	—		(206)		(206)
Net amortization of unrecognized prior service credit	—		(67)		(67)
Net amortization of actuarial loss	81		339		420
Net periodic defined benefit pension cost	$	1,236	$	3,282	$	4,518

Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(67)	$	(67)
Unrecognized net actuarial loss charged to comprehensive income (loss)	81		339		420
Net actuarial loss	2,067		738		2,805
Foreign currency and other adjustments	—		340		340
Related tax impact	(496)		(141)		(637)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	$	1,652	$	1,209	$	2,861

Schedule of accumulated other comprehensive income (loss), before tax, that have not yet been recognized in net periodic defined benefit pension cost

The amounts included in AOCL, before income tax, that have not yet been recognized in net periodic defined benefit pension cost are as follows (in thousands):


	Feb 3, 2024						Jan 28, 2023
	SERP		Foreign Pension Plans		Total		SERP		Foreign Pension Plans		Total
Unrecognized prior service credit	$	—	$	(67)	$	(67)	$	—	$	(815)	$	(815)
Unrecognized net actuarial (gain) loss	(6,544)		4,737		(1,807)		(2,118)		6,283		4,165
Total included in AOCL	$	(6,544)	$	4,670	$	(1,874)	$	(2,118)	$	5,468	$	3,350

Schedule of the funded status of the Company's defined benefit plans and the amounts recognized in the Company's consolidated balance sheets

The funded status of the Company’s defined benefit plans and the amounts recognized in the Company’s consolidated balance sheets are summarized as follows (in thousands):


	Feb 3, 2024						Jan 28, 2023
	SERP		Foreign Pension Plans		Total		SERP		Foreign Pension Plans		Total
Projected benefit obligation	$	(37,730)	$	(56,260)	$	(93,990)	$	(42,367)	$	(47,366)	$	(89,733)
Plan assets at fair value1	—		49,433		49,433		—		41,193		41,193
Net liability2	$	(37,730)	$	(6,827)	$	(44,557)	$	(42,367)	$	(6,173)	$	(48,540)

______________________________________________________________________

1The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table above does not include the insurance policies with cash surrender values of $63.4 million and $64.4 million as of February 3, 2024 and January 28, 2023, respectively.

2The net liability was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments.

Schedule of reconciliation of the changes in the projected benefit obligation

A reconciliation of the changes in the projected benefit obligation is as follows (in thousands):


	SERP		Foreign Pension Plans		Total
Balance at January 29, 2022	$	49,431	$	42,740	$	92,171
Service cost	—		3,008		3,008
Interest cost	1,333		221		1,554
Actuarial (gains) losses	(6,649)		2,994		(3,655)
Contributions by plan participants	—		2,622		2,622
Payments	(1,748)		(3,905)		(5,653)

Foreign currency and other adjustments	—		(314)		(314)
Balance at January 28, 2023	$	42,367	$	47,366	$	89,733
Service cost	—		3,731		3,731
Interest cost	1,862		913		2,775
Actuarial (gains) losses	(4,395)		(750)		(5,145)
Contributions by plan participants	—		4,549		4,549
Payments	(2,066)		(2,062)		(4,128)


Foreign currency and other adjustments	(38)		2,513		2,475
Balance at February 3, 2024	$	37,730	$	56,260	$	93,990

Schedule of reconciliation of the changes in plan assets for foreign pension plans

A reconciliation of the changes in plan assets for the Company’s foreign pension plans is as follows (in thousands):


	Plan Assets
Balance at January 29, 2022	$	38,015
Actual return on plan assets	506
Contributions by employer	3,645
Contributions by plan participants	2,622
Payments	(3,905)

Foreign currency and other adjustments	310
Balance at January 28, 2023	$	41,193
Actual return on plan assets	(504)
Contributions by employer	4,144
Contributions by plan participants	4,549
Payments	(2,062)

Foreign currency and other adjustments	2,113
Balance at February 3, 2024	$	49,433

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 198,199	$ 149,610	$ 171,363

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Lease Accounting

12 Months Ended

Feb. 03, 2024

Leases [Abstract]

Lease Accounting

The Company primarily leases its showrooms, advertising, licensing, sales and merchandising offices, remote distribution and warehousing facilities and retail and factory outlet store locations under operating lease agreements expiring on various dates through January 2039. The Company also leases some of its equipment as well as computer hardware and software under operating and finance lease agreements expiring on various dates through December 2028.

The Company’s lease agreements primarily provide for lease payments based on a minimum annual rental amount, a percentage of annual sales volume, periodic adjustments related to inflation or a combination of such lease payments. Certain retail store leases provide for lease payments based upon the minimum annual rental amount and a percentage of annual sales volume, generally ranging from 3% to 26%, when specific sales volumes are exceeded. The Company’s retail concession leases also provide for lease payments primarily based upon a percentage of annual sales volume which averages approximately 25%.

In addition to the amounts as disclosed below, the Company has estimated additional operating lease commitments of approximately $34.5 million for leases where the Company has not yet taken possession of the underlying asset as of February 3, 2024. As such, the related operating lease ROU assets and operating lease liabilities have not been recognized in the Company’s consolidated balance sheet as of February 3, 2024.

The components of leases are as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Assets					Balance Sheet Location
Operating	$	667,031	$	636,148	Operating lease right-of-use assets
Finance	15,132		19,055		Property and equipment, net
Total lease assets	$	682,163	$	655,203

Liabilities
Current:
Operating	$	166,451	$	170,192	Current portion of operating lease liabilities
Finance	5,573		6,684		Current portion of borrowings and finance lease obligations
Noncurrent:
Operating	542,392		528,236		Long-term operating lease liabilities
Finance	9,857		13,181		Long-term debt and finance lease obligations
Total lease liabilities	$	724,273	$	718,293


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
							Income Statement Location
Operating lease costs	$	181,760	$	175,752	$	181,888	Cost of product sales
Operating lease costs	26,771		24,845		25,047		Selling, general and administrative expenses
Operating lease costs1	(1,662)		(2,267)		(259)		Net gains on lease modifications
Finance lease costs
Amortization of leased assets	69		81		55		Cost of product sales
Amortization of leased assets	6,412		6,177		5,525		Selling, general and administrative expenses
Interest on lease liabilities	769		965		1,462		Interest expense
Variable lease costs2	101,056		92,331		75,339		Cost of product sales
Variable lease costs2	4,732		3,335		2,175		Selling, general and administrative expenses
Short-term lease costs	316		351		366		Cost of product sales
Short-term lease costs	6,005		6,141		4,856		Selling, general and administrative expenses
Total lease costs	$	326,228	$	307,711	$	296,454

______________________________________________________________________

Maturities of the Company’s operating and finance lease liabilities as of February 3, 2024 are as follows (in thousands):


	Operating Leases
	Non-Related Parties		Related Parties		Finance Leases		Total
Maturity of Lease Liabilities:
Fiscal 2025	$	187,362	$	8,337	$	6,202	$	201,901
Fiscal 2026	134,829		7,228		5,686		147,743
Fiscal 2027	118,529		7,785		3,170		129,484
Fiscal 2028	87,931		7,699		1,337		96,967
Fiscal 2029	69,087		8,464		284		77,835
Thereafter	170,866		12,325		—		183,191
Total lease payments	768,604		51,838		16,679		837,121
Less: Interest	101,047		10,552		1,249		112,848
Present value of lease liabilities	$	667,557	$	41,286	$	15,430	$	724,273

Other supplemental information is as follows (in thousands):

Feb 3, 2024

Lease Term and Discount Rate:

Weighted-average remaining lease term (years)

Operating leases

6.2 years

Finance leases

3.1 years

Weighted-average discount rate

Operating leases

4.9%

Finance leases

5.1%


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Supplemental Cash Flow Information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	207,575	$	220,767	$	225,652


New operating ROU assets obtained in exchange for lease liabilities	$	165,889	$	131,363	$	156,102

Lease Accounting

The Company’s lease agreements primarily provide for lease payments based on a minimum annual rental amount, a percentage of annual sales volume, periodic adjustments related to inflation or a combination of such lease payments. Certain retail store leases provide for lease payments based upon the minimum annual rental amount and a percentage of annual sales volume, generally ranging from 3% to 26%, when specific sales volumes are exceeded. The Company’s retail concession leases also provide for lease payments primarily based upon a percentage of annual sales volume which averages approximately 25%.

The components of leases are as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Assets					Balance Sheet Location
Operating	$	667,031	$	636,148	Operating lease right-of-use assets
Finance	15,132		19,055		Property and equipment, net
Total lease assets	$	682,163	$	655,203

Liabilities
Current:
Operating	$	166,451	$	170,192	Current portion of operating lease liabilities
Finance	5,573		6,684		Current portion of borrowings and finance lease obligations
Noncurrent:
Operating	542,392		528,236		Long-term operating lease liabilities
Finance	9,857		13,181		Long-term debt and finance lease obligations
Total lease liabilities	$	724,273	$	718,293


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
							Income Statement Location
Operating lease costs	$	181,760	$	175,752	$	181,888	Cost of product sales
Operating lease costs	26,771		24,845		25,047		Selling, general and administrative expenses
Operating lease costs1	(1,662)		(2,267)		(259)		Net gains on lease modifications
Finance lease costs
Amortization of leased assets	69		81		55		Cost of product sales
Amortization of leased assets	6,412		6,177		5,525		Selling, general and administrative expenses
Interest on lease liabilities	769		965		1,462		Interest expense
Variable lease costs2	101,056		92,331		75,339		Cost of product sales
Variable lease costs2	4,732		3,335		2,175		Selling, general and administrative expenses
Short-term lease costs	316		351		366		Cost of product sales
Short-term lease costs	6,005		6,141		4,856		Selling, general and administrative expenses
Total lease costs	$	326,228	$	307,711	$	296,454

______________________________________________________________________

Maturities of the Company’s operating and finance lease liabilities as of February 3, 2024 are as follows (in thousands):


	Operating Leases
	Non-Related Parties		Related Parties		Finance Leases		Total
Maturity of Lease Liabilities:
Fiscal 2025	$	187,362	$	8,337	$	6,202	$	201,901
Fiscal 2026	134,829		7,228		5,686		147,743
Fiscal 2027	118,529		7,785		3,170		129,484
Fiscal 2028	87,931		7,699		1,337		96,967
Fiscal 2029	69,087		8,464		284		77,835
Thereafter	170,866		12,325		—		183,191
Total lease payments	768,604		51,838		16,679		837,121
Less: Interest	101,047		10,552		1,249		112,848
Present value of lease liabilities	$	667,557	$	41,286	$	15,430	$	724,273

Other supplemental information is as follows (in thousands):

Feb 3, 2024

Lease Term and Discount Rate:

Weighted-average remaining lease term (years)

Operating leases

6.2 years

Finance leases

3.1 years

Weighted-average discount rate

Operating leases

4.9%

Finance leases

5.1%


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Supplemental Cash Flow Information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	207,575	$	220,767	$	225,652


New operating ROU assets obtained in exchange for lease liabilities	$	165,889	$	131,363	$	156,102

Description of the Business and Summary of Significant Accounting Policies and Practices - Concentration of Credit Risk (Details) - country	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Supplier concentration risk \| Cost of products sold \| Two Largest Suppliers
Concentration Risk [Line Items]
Concentration of risk	43.00%	27.00%	20.00%
Supplier concentration risk \| Cost of products sold \| Suppliers Based in China
Concentration Risk [Line Items]
Concentration of risk	33.33%
Supplier concentration risk \| Cost of products sold \| Minimum
Concentration Risk [Line Items]
Concentration of risk, number of countries outside of the U.S.	20
Two largest wholesale customers \| Customer concentration risk \| Net revenue
Concentration Risk [Line Items]
Concentration of risk	3.80%	3.30%	3.90%

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Net revenue	$ 2,776,530	$ 2,687,350	$ 2,591,631
Cost of product sales	1,553,950	1,538,603	1,422,126
Gross profit	1,222,580	1,148,747	1,169,505
Selling, general and administrative expenses	954,078	893,297	861,578
Asset impairment charges	6,887	9,544	3,149
Net gains on lease modifications	(1,662)	(2,267)	(259)
Earnings from operations	263,277	248,173	305,037
Other income (expense):
Interest expense	(21,816)	(13,190)	(23,018)
Interest income	12,100	2,885	1,881
Loss on extinguishment of debt	(12,351)	0	0
Other, net	(5,075)	(39,822)	(30,171)
Total other expense	(27,142)	(50,127)	(51,308)
Earnings before income tax expense	236,135	198,046	253,729
Income tax expense	25,418	36,502	73,680
Net earnings	210,717	161,544	180,049
Net earnings attributable to noncontrolling interests	12,518	11,934	8,686
Net earnings attributable to Guess?, Inc.	$ 198,199	$ 149,610	$ 171,363
Net earnings per common share attributable to common stockholders:
Basic (in dollars per share)	$ 3.67	$ 2.62	$ 2.65
Diluted (in dollars per share)	$ 3.09	$ 2.18	$ 2.57
Weighted average common shares outstanding attributable to common stockholders:
Basic (in shares)	53,329	56,484	64,021
Diluted (in shares)	69,782	70,087	65,919
Product sales
Net revenue	$ 2,663,282	$ 2,583,913	$ 2,494,922
Net royalties
Net revenue	$ 113,248	$ 103,437	$ 96,709

Savings Plans (Details) - USD ($) $ in Millions	12 Months Ended
Savings Plans (Details) - USD ($) $ in Millions	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
DCP \| Other income/ expense
Savings Plan
Gains (losses) as a result of changes in value of the insurance policy investments	$ 1.4	$ (0.4)	$ 0.8
Accrued expenses and other long-term liabilities
Savings Plan
Deferred compensation liability	17.2	15.2
Other assets
Savings Plan
Deferred compensation, long-term asset	$ 17.6	16.2
Savings Plan
Savings Plan
Employee contribution limit per calendar year (as a percent of compensation)	100.00%
Employer contribution limit (as a percent of compensation)	3.00%
Company's contributions to the savings plan	$ 2.1	$ 2.0	$ 1.7

Description of the Business and Summary of Significant Accounting Policies and Practices - Investment Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 30, 2021	Feb. 02, 2019	Feb. 01, 2020
Privately-held apparel company
Schedule of Equity Method Investments [Line Items]
Investment in company	$ 2.3	$ 8.3
Equity method ownership percentage	30.50%	30.00%	30.00%
Privately-held men's footwear company
Schedule of Equity Method Investments [Line Items]
Investment in company	$ 0.9
Equity method ownership percentage	30.00%

Stockholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Accumulated other comprehensive income (loss), net of tax
Balance at beginning of period	$ 572,751	$ 653,643	$ 565,580
Net OCL	(182)	3,208	(15,840)
Balance at end of period	734,794	572,751	653,643
Total
Accumulated other comprehensive income (loss), net of tax
Balance at beginning of period	(134,073)	(135,549)	(120,675)
Gains (losses) arising during the period	1,387	9,917	(17,220)
Reclassification to net earnings for (gains) losses realized	(4,324)	(8,441)	2,346
Net OCL	(2,937)	1,476	(14,874)
Balance at end of period	(137,010)	(134,073)	(135,549)
Foreign Currency Translation Adjustment
Accumulated other comprehensive income (loss), net of tax
Balance at beginning of period	(129,168)	(135,861)	(105,970)
Gains (losses) arising during the period	(6,947)	6,693	(29,891)
Reclassification to net earnings for (gains) losses realized	0	0	0
Net OCL	(6,947)	6,693	(29,891)
Balance at end of period	(136,115)	(129,168)	(135,861)
Derivative Financial Instruments Designated as Cash Flow Hedges
Accumulated other comprehensive income (loss), net of tax
Balance at beginning of period	(1,584)	7,280	(4,876)
Gains (losses) arising during the period	5,451	47	10,121
Reclassification to net earnings for (gains) losses realized	(4,411)	(8,911)	2,035
Net OCL	1,040	(8,864)	12,156
Balance at end of period	(544)	(1,584)	7,280
Defined Benefit Plans
Accumulated other comprehensive income (loss), net of tax
Balance at beginning of period	(3,321)	(6,968)	(9,829)
Gains (losses) arising during the period	2,883	3,177	2,550
Reclassification to net earnings for (gains) losses realized	87	470	311
Net OCL	2,970	3,647	2,861
Balance at end of period	$ (351)	$ (3,321)	$ (6,968)

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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-Name Accounting Standards Codification
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+ Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Borrowings and Finance Lease Obligations (Tables)

12 Months Ended

Feb. 03, 2024

Debt Disclosure [Abstract]

Summary of borrowings and finance lease obligations

Borrowings and finance lease obligations are summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Term loans	$	12,060	$	25,516
Finance lease obligations	15,430		19,865
Mortgage debt	16,435		17,189
Borrowings under credit facilities	21,653		70,304
Other	3,413		3,427
	68,991		136,301
Less current installments	40,781		40,380
Long-term debt and finance lease obligations	$	28,210	$	95,921

Summary of maturities of debt and finance lease obligations

Maturities of the Company’s debt and finance lease obligations as of February 3, 2024 are as follows (in thousands):


	Debt		Finance Lease		Total
Fiscal 2025	$	35,208	$	5,573	$	40,781
Fiscal 2026	3,113		5,251		8,364
Fiscal 2027	15,142		2,649		17,791
Fiscal 2028	93		1,042		1,135
Fiscal 2029	27		214		241
Thereafter	—		701		701
Total principal payments	53,583		15,430		69,013
Less unamortized debt issuance costs	22		—		22
Total debt and finance lease obligations	$	53,561	$	15,430	$	68,991

Share Repurchase Program	12 Months Ended
Share Repurchase Program	Feb. 03, 2024
Equity [Abstract]
Share Repurchase Program	Share Repurchase Program On June 26, 2012, the Company’s Board of Directors authorized a program to repurchase up to $500 million of the Company’s common stock. On August 23, 2021, the Company’s Board of Directors terminated the previously authorized 2012 share repurchase program (which had $47.8 million capacity remaining) and authorized a new program (the “2021 Share Repurchase Program”) to repurchase, from time-to-time and as market and business conditions warrant, up to $200 million of the Company’s common stock. On March 14, 2022, the Board of Directors expanded the repurchase authorization by $100 million, leaving an available capacity of $249.0 million at that time. On January 3, 2024, the Board of Directors expanded the repurchase authorization by approximately $1.4 million to cover the repurchases associated with the issuance of the Additional 2028 Notes. As of February 3, 2024, the Company had no remaining authority under the program to purchase its common stock. During fiscal 2024, the Company repurchased 3,153,339 shares under the program at an aggregate cost of $64.1 million, including excise tax. During fiscal 2023, the Company repurchased 8,985,603 shares under the program at an aggregate cost of $186.7 million, which is inclusive of the shares repurchased under the March 18, 2022 accelerated share repurchase (“ASR”) agreement (“2022 ASR Contract”). During fiscal 2022, the Company repurchased 2,289,292 shares under the previous program at an aggregate cost of $51.0 million. On March 18, 2022, pursuant to existing share repurchase authorizations, the Company entered into an ASR Contract with a financial institution to repurchase an aggregate of $175.0 million of the Company’s common stock. Under the 2022 ASR Contract, the Company received approximately 8.5 million shares of common stock in the first half of fiscal 2023.

Fair Value Measurements

12 Months Ended

Feb. 03, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Authoritative guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into three broad levels as follows:

•Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that can be accessed at the measurement date.

•Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e. interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

•Level 3—Unobservable inputs that reflect assumptions about what market participants would use in pricing the asset or liability. These inputs would be based on the best information available, including the Company’s own data.

The following presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands):


	Fair Value Measurements
	Feb 3, 2024								Jan 28, 2023
Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Foreign exchange currency contracts	$	—	$	2,278	$	—	$	2,278	$	—	$	2,219	$	—	$	2,219
2028 Bond Hedge	—		—		85,918		85,918		—		—		—		—
Interest rate swap	—		797		—		797		—		1,034		—		1,034

Total	$	—	$	3,075	$	85,918	$	88,993	$	—	$	3,253	$	—	$	3,253
Liabilities:
Foreign exchange currency contracts	$	—	$	1,702	$	—	$	1,702	$	—	$	16,704	$	—	$	16,704
Embedded derivative	—		—		16,390		16,390		—		—		—		—
Interest rate swap	—		—		—		—		—		—		—		—
Deferred compensation obligations	—		17,164		—		17,164		—		15,187		—		15,187
Total	$	—	$	18,866	$	16,390	$	35,256	$	—	$	31,891	$	—	$	31,891

Foreign exchange currency contracts may be entered into by the Company to hedge the future payment of inventory and intercompany transactions by non-U.S. subsidiaries. Periodically, the Company may also use foreign exchange currency contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries. The fair values of the Company’s foreign exchange currency contracts

are based on quoted foreign exchange forward rates at the reporting date. The fair values of the interest rate swaps are based upon inputs corroborated by observable market data. Deferred compensation obligations to employees are adjusted based on changes in the fair value of the underlying employee-directed investments. Fair value of these obligations is based upon inputs corroborated by observable market data.

The Company included €7.1 million ($7.7 million) and €3.7 million ($4.0 million) in other assets in the Company’s consolidated balance sheets related to its investment in certain private equity funds for fiscal 2024 and fiscal 2023, respectively. As permitted in accordance with authoritative guidance, the Company uses net asset value per share as a practical expedient to measure the fair value of this investment and has not included this investment in the fair value hierarchy as disclosed above. During fiscal 2024 and fiscal 2023, the Company funded contributions of €5.0 million ($5.6 million) and €0.1 million ($0.1 million), respectively, in this investment. During fiscal 2024, the Company recorded €0.1 million ($0.1 million) unrealized loss in other income (expense) as a result of changes in the value of the private equity fund investment. During fiscal 2023 and fiscal 2022, the Company recorded immaterial and €0.1 million ($0.1 million), respectively, unrealized gain in other income (expense) as a result of changes in the value of the private equity investment. During fiscal 2024, the Company also recorded €4.4 million ($4.8 million) realized gain in other income (expense) resulted from a distribution of the private equity fund investment. As of February 3, 2024, the Company had an unfunded commitment to invest an additional €5.2 million ($5.6 million) in the private equity funds.

The fair values of the embedded derivative and the 2028 Bond Hedge related to the Additional 2028 Notes were initially measured at $16.2 million and $84.7 million, respectively, based on the observed transactions. Subsequent fair values are measured using a binomial lattice model utilizing observable inputs (e.g. the Company’s stock price) and unobservable inputs (e.g. the expected volatility and instrument specific credit spread) that cause the valuation measurements to be classified as Level 3. The following assumptions were used within the model:


Valuation Assumptions	Feb 3, 2024
Expected volatility	30		%
Risk-free interest rate	4.1		%
Credit spread	4.3		%
Dividend yield	5.2		%
Term to maturity	4.2 years
Stock price	$	22.86

As of February 3, 2024, if the expected volatility were increased to 40%, keeping all other inputs constant, the fair value of the embedded derivative would increase from $16.4 million to $20.9 million and the fair value of the 2028 Bond Hedge would increase from $85.9 million to $109.5 million. If the expected volatility were decreased to 20%, the fair value of the embedded derivative would decrease from $16.4 million to $11.7 million and the fair value of the 2028 Bond Hedge would decrease from $85.9 million to $61.4 million. If the credit spread increased from 4.3% to 5.3%, keeping all other inputs constant, the fair value of the embedded derivative would increase from $16.4 million to $17.0 million and the fair value of the 2028 Bond Hedge would increase from $85.9 million to $89.3 million. If the credit spread decreased from 4.3% to 3.3%, the fair value of the embedded derivative would decrease from $16.4 million to $15.7 million and the fair value of the 2028 Bond Hedge would decrease from $85.9 million to $82.3 million.

The following presents a reconciliation of the Company’s financial assets and liabilities measured at fair value as of February 3, 2024, using significant unobservable inputs (Level 3), and the change in fair value recorded in other income (expense), net in the consolidated statements of income (in thousands):


	Embedded Derivative		2028 Bond Hedge
Balance as of January 28, 2023	$	—	$	—
Initial bifurcation of embedded derivative	(16,155)		—
Purchase of Additional 2028 Bond Hedge	—		16,155
Reclassification of Initial 2028 Bond Hedge	—		68,530
Gain (loss) on fair value remeasurement	(235)		1,233
Balance as of February 3, 2024	$	(16,390)	$	85,918

The fair values of the Company’s debt instruments (see Note 8) are based on the amount of future cash flows associated with each instrument discounted using the Company’s incremental borrowing rate. As of February 3, 2024 and January 28, 2023, the carrying value of all financial instruments was not materially different from fair value, as the interest rates on the Company’s debt approximated rates currently available to the Company. The fair value of the Company’s Notes (see Note 10) is determined based on inputs that are observable in the market and have been classified as Level 2 in the fair value hierarchy.

The carrying amount of the Company’s remaining financial instruments, which principally include cash and cash equivalents, trade receivables, accounts payable and accrued expenses, approximates fair value due to the relatively short maturity of such instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Cash flows from operating activities:
Net earnings	$ 210,717	$ 161,544	$ 180,049
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	61,349	61,467	56,799
Amortization of debt discount	622	0	11,125
Amortization of debt issuance costs	1,787	1,563	1,390
Share-based compensation expense	20,246	20,395	21,119
Forward contract (gains) losses	(12,648)	10,614	(2,401)
Deferred income taxes	(12,793)	9,313	(95,544)
Net loss on impairment and disposition of long-term assets	8,145	10,993	5,731
Loss on extinguishment of debt	12,351	0	0
Other items, net	(4,622)	18,102	16,080
Changes in operating assets and liabilities:
Accounts receivable	24,330	(18,997)	(42,235)
Inventories	39,282	(54,412)	(91,048)
Prepaid expenses and other assets	(205)	(1,311)	(15,772)
Operating lease assets and liabilities, net	(21,254)	(28,608)	(26,891)
Accounts payable and accrued expenses and other current liabilities	5,515	(20,456)	101,554
Other long-term liabilities	(2,441)	(1,019)	11,686
Net cash provided by operating activities	330,381	169,188	131,642
Cash flows from investing activities:
Purchases of property and equipment	(74,207)	(89,503)	(63,521)
Net cash settlement of forward contracts	(1,105)	0	(460)
Other investing activities	167	(365)	1,704
Net cash used in investing activities	(75,145)	(89,868)	(62,277)
Cash flows from financing activities:
Proceeds from borrowings	128,279	207,079	32,169
Repayments of borrowings and finance lease obligations	(197,464)	(178,937)	(37,946)
Net proceeds from issuance of convertible senior notes	80,324	0	0
Proceeds from issuance of warrants	25,921	0	0
Purchases of convertible note hedges	(67,992)	0	0
Proceeds from termination of convertible senior note hedges	9,146	0	0
Payments for termination of common stock warrants	(1,124)	0	0
Payments for debt issuance costs	(6,974)	(2,026)	0
Dividends paid	(62,791)	(51,823)	(36,747)
Noncontrolling interest capital distributions	(2,834)	(6,013)	(3,452)
Purchase of redeemable noncontrolling interest	(8,650)	0	0
Issuance of common stock, net of income tax withholdings on vesting of stock awards	(597)	1,277	(38)
Purchases of treasury stock	(64,081)	(186,747)	(51,030)
Net cash used in financing activities	(168,837)	(217,190)	(97,044)
Effect of exchange rates on cash and cash equivalents	(1,879)	(1,930)	(26,101)
Net change in cash and cash equivalents	84,520	(139,800)	(53,780)
Cash and cash equivalents at the beginning of the year	275,765	415,565	469,345
Cash and cash equivalents at the end of the year	360,285	275,765	415,565
Supplemental cash flow data:
Interest paid	17,068	11,025	10,069
Income taxes paid, net of refunds	28,929	25,609	152,693
Non-cash investing and financing activity:
Change in accrual of property and equipment	(2,749)	(4,781)	9,826
Assets acquired under finance lease obligations	2,526	3,863	8,447
Exchanges of 2024 Notes for 2028 Notes	$ (233,342)	$ 0	$ 0

Share-Based Compensation - Assumptions (Details)	12 Months Ended
Share-Based Compensation - Assumptions (Details)	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	5.20%	2.40%	0.00%
Expected stock price volatility	40.80%	55.40%	50.40%
Expected dividend yield	5.80%	5.30%	2.40%
Expected life	3 months	3 months	3 months
Market-based units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	3.70%	2.80%	0.60%
Expected stock price volatility	59.70%	71.30%	78.40%
Expected dividend yield	0.00%	0.00%	0.00%
Expected life	2 years 8 months 12 days	2 years 8 months 12 days	3 years 6 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Fair Value Measurements - Fair Value Hierarchy for Assets and Liabilities (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 31, 2024	Jan. 28, 2023
Assets and liabilities measured at fair value on a recurring basis
Assets:
Total Assets	$ 88,993		$ 3,253
Liabilities:
Deferred compensation obligations	17,164		15,187
Total Liabilities	35,256		31,891
Level 1 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Total Assets	0		0
Liabilities:
Deferred compensation obligations	0		0
Total Liabilities	0		0
Level 2 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Total Assets	3,075		3,253
Liabilities:
Deferred compensation obligations	17,164		15,187
Total Liabilities	18,866		31,891
Level 3 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Total Assets	85,918		0
Liabilities:
Deferred compensation obligations	0		0
Total Liabilities	16,390		0
Foreign exchange currency contracts \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	2,278		2,219
Liabilities:
Derivative liabilities	1,702		16,704
Foreign exchange currency contracts \| Level 1 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	0		0
Liabilities:
Derivative liabilities	0		0
Foreign exchange currency contracts \| Level 2 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	2,278		2,219
Liabilities:
Derivative liabilities	1,702		16,704
Foreign exchange currency contracts \| Level 3 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	0		0
Liabilities:
Derivative liabilities	0		0
2028 Bond Hedge
Assets:
Derivative assets	85,900	$ 84,700
2028 Bond Hedge \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	85,918		0
2028 Bond Hedge \| Level 1 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	0		0
2028 Bond Hedge \| Level 2 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	0		0
2028 Bond Hedge \| Level 3 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	85,918		0
Embedded derivative \| Assets and liabilities measured at fair value on a recurring basis
Liabilities:
Derivative liabilities	16,390		0
Embedded derivative \| Level 1 \| Assets and liabilities measured at fair value on a recurring basis
Liabilities:
Derivative liabilities	0		0
Embedded derivative \| Level 2 \| Assets and liabilities measured at fair value on a recurring basis
Liabilities:
Derivative liabilities	0		0
Embedded derivative \| Level 3 \| Assets and liabilities measured at fair value on a recurring basis
Liabilities:
Derivative liabilities	16,390		0
Interest rate swap \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	797		1,034
Liabilities:
Derivative liabilities	0		0
Interest rate swap \| Level 1 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	0		0
Liabilities:
Derivative liabilities	0		0
Interest rate swap \| Level 2 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	797		1,034
Liabilities:
Derivative liabilities	0		0
Interest rate swap \| Level 3 \| Assets and liabilities measured at fair value on a recurring basis
Assets:
Derivative assets	0		0
Liabilities:
Derivative liabilities	$ 0		$ 0

Description of the Business and Summary of Significant Accounting Policies and Practices - Depreciation and Amortization (Details)	Feb. 03, 2024
Building and building improvements \| Minimum
Summary of Significant Accounting Policies [Line Items]
Property and equipment, useful life	10 years
Building and building improvements \| Maximum
Summary of Significant Accounting Policies [Line Items]
Property and equipment, useful life	39 years
Furniture, fixtures and equipment \| Minimum
Summary of Significant Accounting Policies [Line Items]
Property and equipment, useful life	2 years
Furniture, fixtures and equipment \| Maximum
Summary of Significant Accounting Policies [Line Items]
Property and equipment, useful life	10 years

Derivative Financial Instruments

12 Months Ended

Feb. 03, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Hedging Strategy

Foreign Exchange Currency Contracts

The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations. The Company’s primary objective is to hedge the variability in forecasted cash flows due to the foreign currency risk. The Company enters into certain forward exchange currency contracts to hedge the risk of a portion of these anticipated foreign currency transactions against foreign currency rate fluctuations. The Company may also hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries.

Interest Rate Swap Agreements

Summary of Derivative Instruments

The fair value of derivative instruments in the consolidated balance sheets is as follows (in thousands):


	Fair Value at Feb 3, 2024		Fair Value at Jan 28, 2023		Derivative Balance Sheet Location
ASSETS:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	$	1,590	$	1,073	Other current assets/Other assets
Interest rate swap	797		1,034		Other assets
Total derivatives designated as hedging instruments	2,387		2,107
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	688		1,146		Other current assets
2028 Bond Hedge	85,918		—		Other assets
Total	$	88,993	$	3,253
LIABILITIES:
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign exchange currency contracts	$	763	$	12,930	Accrued expenses/Other long-term liabilities
Interest rate swaps	—		—		Other long-term liabilities
Total derivatives designated as hedging instruments	763		12,930
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	939		3,774		Accrued expenses and other current liabilities
Embedded derivatives	16,390		—		Convertible senior notes due 2028, net


Total	$	18,092	$	16,704

Derivatives Designated as Hedging Instruments

Foreign Exchange Currency Contracts Designated as Cash Flow Hedges

During fiscal 2024, the Company purchased U.S. dollar forward contracts in Europe totaling $119.0 million that were designated as cash flow hedges. As of February 3, 2024, the Company had forward contracts outstanding for its European operations of $104.0 million to hedge forecasted merchandise purchases, which are expected to mature over the next 11 months.

As of February 3, 2024, AOCL related to foreign exchange currency contracts included a net unrealized loss of approximately $1.2 million, net of tax, of which $1.3 million will be recognized in cost of product sales over the following 12 months, at the then current values on a pre-tax basis, which can be different than the current year-end values.

At January 28, 2023, the Company had forward contracts outstanding for its European operations of $253.0 million that were designated as cash flow hedges.

Interest Rate Swap Agreement Designated as Cash Flow Hedge

During fiscal 2017, the Company entered into an interest rate swap agreement with a notional amount of $21.5 million, designated as a cash flow hedge, to hedge the variability of cash flows in interest payments associated with the Company’s floating-rate debt. This interest rate swap agreement matures in January 2026 and converts the nature of the Company’s real estate secured term loan from LIBOR floating-rate debt to fixed-rate

debt, resulting in a swap fixed rate of approximately 3.06%. Effective May 1, 2023, the Company amended its existing interest rate swap agreement from LIBOR to SOFR, resulting in a swap fixed rate of approximately 3.14%. This amended interest rate swap agreement matures in January 2026 and converts the nature of the Mortgage Debt from SOFR floating-rate debt to fixed-rate debt.

As of February 3, 2024, AOCL related to the interest rate swap agreement included a net unrealized gain of approximately $0.6 million, net of tax, which will be recognized in interest expense over the following 12 months, at the then current values on a pre-tax basis, which can be different than the current year-end values.

The following summarizes the gains (losses) before income taxes recognized on the derivative instruments designated as cash flow hedges in OCL and net earnings (in thousands):


	Gain (Loss) Recognized in OCL		Gain (Loss) Reclassified from AOCL into Earnings		Location of Gain (Loss) Reclassified from AOCL into Earnings
	Year Ended February 3, 2024

Foreign exchange currency contracts	$	5,705	$	4,392	Cost of product sales


Interest rate swap	$	411	$	647	Interest expense


	Year Ended January 28, 2023



Foreign exchange currency contracts	$	(929)	$	9,988	Cost of product sales


Interest rate swap	$	1,136	$	28	Interest expense


	Year Ended January 29, 2022



Foreign exchange currency contracts	$	10,807	$	(2,051)	Cost of product sales


Interest rate swap	$	653	$	(272)	Interest expense

The following summarizes net after income tax derivative activity recorded in AOCL (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023
Beginning balance gain (loss)	$	(1,584)	$	7,280

Net gains from changes in cash flow hedges	5,451		47
Net (gains) reclassified to earnings	(4,411)		(8,911)
Ending balance loss	$	(544)	$	(1,584)

Derivative Instruments Not Designated as Hedging Instruments

As of February 3, 2024, the Company had euro foreign exchange currency contracts to purchase $52.0 million expected to mature over the next 2 months. At January 28, 2023, the Company had euro foreign exchange currency contracts to purchase $83.5 million.

As discussed in Note 10, the Company has recognized equity-linked derivatives including the embedded derivative associated with the Additional 2028 Notes. In connection with the 2028 Notes, the Company also purchased 2028 Bond Hedge which did not qualify for the derivative scope exception for equity-linked instruments. These derivatives are not designated as hedging instruments for accounting purposes. Changes in fair value of these derivatives are reported in net earnings (loss) as part of other income (expense).

The following summarizes the gains (losses) before income taxes recognized on the derivative instruments not designated as hedging instruments in other income (expense) (in thousands):


	Location of Gain (Loss) Recognized in Earnings	Gain (Loss) Recognized in Earnings
		Year Ended
		Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Foreign exchange currency contracts	Other expense	$	2,253	$	(2,833)	$	1,941
2028 Bond Hedge	Other expense	$	1,233	$	—	$	—
Embedded derivatives	Other expense	$	(235)	$	—	$	—

Stockholders' Equity - Narrative (Details) - $ / shares		3 Months Ended	12 Months Ended
Stockholders' Equity - Narrative (Details) - $ / shares	May 24, 2023	Apr. 29, 2023	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Dividends Payable [Line Items]
Dividends declared per common share (in dollars per share)	$ 0.30	$ 0.225	$ 1.1250	$ 0.9000	$ 0.5625
Senior notes \| 2024 Notes
Dividends Payable [Line Items]
Dividend threshold for conversion rate and conversion price adjustment (in dollars per share)			0.1125
Senior notes \| Initial 2028 Notes
Dividends Payable [Line Items]
Dividend threshold for conversion rate and conversion price adjustment (in dollars per share)			$ 0.225

Share-Based Compensation - Narrative (Details)				3 Months Ended	12 Months Ended
Share-Based Compensation - Narrative (Details)	Mar. 20, 2024 USD ($) $ / shares	May 24, 2023 $ / shares	Apr. 22, 2022 shares	Apr. 29, 2023 $ / shares	Feb. 03, 2024 USD ($) plan $ / shares shares	Jan. 28, 2023 USD ($) $ / shares shares	Jan. 29, 2022 USD ($) $ / shares shares	Apr. 21, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans \| plan					2
Stock options granted (in shares) \| shares					0	0	0
Total intrinsic value of options exercised (in dollars)					$ 1,900,000	$ 1,600,000	$ 1,800,000
Cash received from option exercises					4,100,000	3,700,000	3,300,000
Share-based compensation expense					20,246,000	$ 20,395,000	$ 21,119,000
Unrecognized compensation cost related to nonvested stock options					$ 0
Dividends declared per common share (in dollars per share) \| $ / shares		$ 0.30		$ 0.225	$ 1.1250	$ 0.9000	$ 0.5625
Subsequent events
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental compensation expense related to the modification	$ 0
Special Dividend \| Subsequent events
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends declared per common share (in dollars per share) \| $ / shares	$ 2.25
Stock awards/units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 19,369,000	$ 17,478,000	$ 17,385,000
Income tax benefit on recognized compensation cost					$ 4,400,000
Weighted average grant date fair value of awards granted (in dollars per share) \| $ / shares					$ 17.10	$ 19.74	$ 24.21
Total fair value at grant date of previously nonvested stock awards/units that were vested during the period					$ 21,200,000	$ 14,300,000	$ 13,200,000
Total intrinsic value of nonvested stock awards/units that vested during the period					30,900,000	17,200,000	15,900,000
Total intrinsic value of nonvested stock awards/units outstanding					44,500,000
Total unrecognized compensation cost					$ 21,500,000
Weighted average period for recognition of unrecognized compensation cost					1 year 7 months 6 days
Excess tax windfall					$ 300,000
Stock awards/units \| Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 19,400,000
Performance-based units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of awards granted (in dollars per share) \| $ / shares					$ 18.14
Performance-based units \| Vesting, Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
Performance-based units \| Vesting, Tranches after initial vesting period \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					2 years
Performance-based units \| Vesting, Tranches after initial vesting period \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Target performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Target performance units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)					0.00%
Target performance units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)					100.00%
Market-based units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of awards granted (in dollars per share) \| $ / shares					$ 12.06
Market-based units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)					0.00%
Market-based units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights based on the satisfaction of certain performance or market-based criteria (as a percentage)					150.00%
Market-based units \| Vesting, Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Market Based Shares - Stock Price Levels
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					4 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 713,000	$ 2,709,000	$ 3,528,000
Income tax benefit on recognized compensation cost					200,000
Stock options \| Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 700,000
2004 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares) \| shares			680,000
Authorized number of shares (in shares) \| shares			29,780,000					29,100,000
Shares available for grant under the plan (in shares) \| shares					3,628,245	4,525,424
2004 Equity Incentive Plan \| Stock awards excluding stock options and stock appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number that new grants on or after May 1, 2017 are counted against shares authorized (excluding stock options or stock appreciation rights) (in shares) \| shares			1.6					3.54
2004 Equity Incentive Plan \| Stock awards/units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights (as a percentage)					25.00%
2004 Equity Incentive Plan \| Stock awards/units \| Vesting, Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					9 months	9 months	9 months
2004 Equity Incentive Plan \| Stock awards/units \| Vesting, Tranche two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock awards/units \| Vesting, Tranche three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock awards/units \| Vesting, Tranche four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year	1 year	1 year
2004 Equity Incentive Plan \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award					10 years
Vesting rights (as a percentage)					25.00%
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized number of shares (in shares) \| shares					4,000,000
Purchase price of the Company's common stock determined as the lower of the closing price at the beginning or end of the quarterly stock purchase period (as a percentage)					85.00%
Share-based compensation expense					$ 164,000	$ 208,000	$ 206,000
Minimum holding period for shares purchased under the ESPP (in months)					6 months
Period before quarter end prohibited for trading, as per Company's securities trading policy					14 days
Period after public announcement of earnings prohibited for trading, as per Company's securities trading policy (in days)					2 days
Issuance of stock under Employee Stock Purchase Plan (in shares) \| shares					38,127	45,843	38,144
Issuance of stock pursuant to ESPP (in dollars per share) \| $ / shares					$ 13.06	$ 12.70	$ 11.81
Weighted average fair values of stock options granted during the period (in dollars per share) \| $ / shares					$ 4.38	$ 4.55	$ 5.44

Defined Benefit Plans

12 Months Ended

Feb. 03, 2024

Retirement Benefits [Abstract]

Defined Benefit Plans

The Company maintains defined benefit plans for certain employees primarily in the U.S. and Switzerland. In accordance with authoritative guidance for defined benefit pension and other postretirement plans, an asset for a plan’s over funded status or a liability for a plan’s underfunded status is recognized in the consolidated balance sheets; plan assets and obligations that determine the plan’s funded status are measured as of the end of the Company’s fiscal year; and changes in the funded status of defined benefit postretirement plans are recognized in the year in which they occur. Such changes are reported in OCL as a separate component of stockholders’ equity.

The Company’s pension obligations and related costs are calculated using actuarial concepts within the authoritative guidance framework. The Company uses the corridor approach to amortize unrecognized actuarial gains or losses over the average remaining service life of active participants. The life expectancy, estimated retirement age, discount rate, estimated future compensation and expected return on plan assets are important elements of expense and/or liability measurement. These critical assumptions are evaluated annually which enables expected future payments for benefits to be stated at present value on the measurement date. If actual results are not consistent with actuarial assumptions, the amounts recognized for the defined benefit plans could change significantly.

Supplemental Executive Retirement Plan

On August 23, 2005, the Board of Directors of the Company adopted a Supplemental Executive Retirement Plan (“SERP”) which became effective January 1, 2006. The SERP provides select employees who satisfy certain eligibility requirements with certain benefits upon retirement, termination of employment, death, disability or a change in control of the Company, in certain prescribed circumstances.

As a non-qualified pension plan, no dedicated funding of the SERP is required; however, the Company has made periodic payments into insurance policies held in a rabbi trust to fund the expected obligations arising under the non-qualified SERP. The amount of any future payments into the insurance policies, if any, may vary depending on investment performance of the trust. The cash surrender values of the insurance policies were $63.4 million and $64.4 million as of February 3, 2024 and January 28, 2023, respectively, and were included in other assets in the Company’s consolidated balance sheets. As a result of changes in the value of the insurance policy investments, the Company recorded unrealized gains (losses) of $1.1 million, $(5.7) million and $0.6 million in other income (expense) during fiscal 2024, fiscal 2023 and fiscal 2022, respectively.

The Company assumed a discount rate of approximately 4.8% and 4.5% for the years ended February 3, 2024 and January 28, 2023, respectively, as part of the actuarial valuation performed to calculate the projected benefit obligation, based on the timing of cash flows expected to be made in the future to the participants, applied to high quality yield curves. The Company also considers recent updates to the mortality tables and mortality improvement scale published by the Society of Actuaries in developing its best estimate of the expected mortality rates for its plan participants.

Aggregate benefits projected to be paid in the next five fiscal years are approximately $1.9 million in fiscal 2025, $1.9 million in fiscal 2026, $1.9 million in fiscal 2027, $1.9 million in fiscal 2028 and $3.7 million in fiscal

2029. Aggregate benefits projected to be paid in the five fiscal years following fiscal 2029 amount to $17.5 million.

Foreign Pension Plans

In certain foreign jurisdictions, primarily in Switzerland, the Company is required to guarantee the returns on Company sponsored defined contribution plans in accordance with local regulations. These plans are typically government-mandated defined contribution plans that provide employees with a minimum investment return, and as such, are treated under pension accounting in accordance with authoritative guidance. The minimum investment return for our Swiss pension plan was 1.0% during calendar 2023 and calendar 2022. Under the Swiss pension plan, both the Company and certain of its employees with annual earnings in excess of government determined amounts are required to make contributions into a fund managed by an independent investment fiduciary. The Company’s contributions must be made in an amount at least equal to the employee’s contribution. Minimum employee contributions are based on the respective employee’s age, salary and gender.

As of February 3, 2024 and January 28, 2023, actuarial assumptions used by the Company to calculate the projected benefit obligation and the fair value of the plans assets related to its Swiss pension plan included discount rates of 1.60% and 1.70%, respectively, and expected returns on plan assets of 1.60% and 1.70%, respectively.

The components of net periodic defined benefit pension cost to AOCL related to the Company’s defined benefit plans are as follows (in thousands):


	SERP		Foreign Pension Plans		Total
	Year Ended February 3, 2024
Service cost	$	—	$	3,731	$	3,731
Interest cost	1,862		913		2,775
Expected return on plan assets	—		(809)		(809)
Net amortization of unrecognized prior service credit	—		(160)		(160)
Net amortization of actuarial loss	—		256		256

Net periodic defined benefit pension cost	$	1,862	$	3,931	$	5,793

Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(160)	$	(160)
Unrecognized net actuarial loss charged to comprehensive income (loss)	—		256		256
Net actuarial gain (loss)	4,388		(563)		3,825
Foreign currency and other adjustments	—		(361)		(361)
Related tax impact	(1,014)		424		(590)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	$	3,374	$	(404)	$	2,970


	SERP		Foreign Pension Plans		Total
	Year Ended January 28, 2023
Service cost	$	—	$	3,008	$	3,008
Interest cost	1,333		221		1,554
Expected return on plan assets	—		(271)		(271)
Net amortization of unrecognized prior service credit	—		(90)		(90)
Net amortization of actuarial loss	17		598		615
Net periodic defined benefit pension cost	$	1,350	$	3,466	$	4,816

Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(90)	$	(90)
Unrecognized net actuarial loss charged to comprehensive income (loss)	17		598		615
Net actuarial gain	6,649		(2,759)		3,890
Foreign currency and other adjustments	—		627		627
Related tax impact	(1,547)		152		(1,395)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	$	5,119	$	(1,472)	$	3,647



	Year Ended January 29, 2022

Service cost	$	—	$	3,142	$	3,142
Interest cost	1,155		74		1,229
Expected return on plan assets	—		(206)		(206)
Net amortization of unrecognized prior service credit	—		(67)		(67)
Net amortization of actuarial loss	81		339		420
Net periodic defined benefit pension cost	$	1,236	$	3,282	$	4,518

Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(67)	$	(67)
Unrecognized net actuarial loss charged to comprehensive income (loss)	81		339		420
Net actuarial loss	2,067		738		2,805
Foreign currency and other adjustments	—		340		340
Related tax impact	(496)		(141)		(637)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	$	1,652	$	1,209	$	2,861

The amounts included in AOCL, before income tax, that have not yet been recognized in net periodic defined benefit pension cost are as follows (in thousands):


	Feb 3, 2024						Jan 28, 2023
	SERP		Foreign Pension Plans		Total		SERP		Foreign Pension Plans		Total
Unrecognized prior service credit	$	—	$	(67)	$	(67)	$	—	$	(815)	$	(815)
Unrecognized net actuarial (gain) loss	(6,544)		4,737		(1,807)		(2,118)		6,283		4,165
Total included in AOCL	$	(6,544)	$	4,670	$	(1,874)	$	(2,118)	$	5,468	$	3,350

The funded status of the Company’s defined benefit plans and the amounts recognized in the Company’s consolidated balance sheets are summarized as follows (in thousands):


	Feb 3, 2024						Jan 28, 2023
	SERP		Foreign Pension Plans		Total		SERP		Foreign Pension Plans		Total
Projected benefit obligation	$	(37,730)	$	(56,260)	$	(93,990)	$	(42,367)	$	(47,366)	$	(89,733)
Plan assets at fair value1	—		49,433		49,433		—		41,193		41,193
Net liability2	$	(37,730)	$	(6,827)	$	(44,557)	$	(42,367)	$	(6,173)	$	(48,540)

______________________________________________________________________

2The net liability was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments.

A reconciliation of the changes in the projected benefit obligation is as follows (in thousands):


	SERP		Foreign Pension Plans		Total
Balance at January 29, 2022	$	49,431	$	42,740	$	92,171
Service cost	—		3,008		3,008
Interest cost	1,333		221		1,554
Actuarial (gains) losses	(6,649)		2,994		(3,655)
Contributions by plan participants	—		2,622		2,622
Payments	(1,748)		(3,905)		(5,653)

Foreign currency and other adjustments	—		(314)		(314)
Balance at January 28, 2023	$	42,367	$	47,366	$	89,733
Service cost	—		3,731		3,731
Interest cost	1,862		913		2,775
Actuarial (gains) losses	(4,395)		(750)		(5,145)
Contributions by plan participants	—		4,549		4,549
Payments	(2,066)		(2,062)		(4,128)


Foreign currency and other adjustments	(38)		2,513		2,475
Balance at February 3, 2024	$	37,730	$	56,260	$	93,990

The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table below does not include the insurance policies with cash surrender values of $63.4 million and $64.4 million as of February 3, 2024 and January 28, 2023, respectively. A reconciliation of the changes in plan assets for the Company’s foreign pension plans is as follows (in thousands):


	Plan Assets
Balance at January 29, 2022	$	38,015
Actual return on plan assets	506
Contributions by employer	3,645
Contributions by plan participants	2,622
Payments	(3,905)

Foreign currency and other adjustments	310
Balance at January 28, 2023	$	41,193
Actual return on plan assets	(504)
Contributions by employer	4,144
Contributions by plan participants	4,549
Payments	(2,062)

Foreign currency and other adjustments	2,113
Balance at February 3, 2024	$	49,433

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
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-Section 50
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-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 2
-Publisher FASB
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Income Taxes

12 Months Ended

Feb. 03, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Intra-Entity Transactions

During fiscal 2022, the Company completed an intra-entity transfer of intellectual property rights from certain U.S. entities to a wholly-owned Swiss subsidiary, more closely aligning the Company’s intellectual property rights with its business operations. This transaction resulted in a taxable gain in the U.S. The U.S. taxable gain generated by this intercompany transfer of intellectual property was primarily offset by the recognition of a deferred income tax asset in the Swiss subsidiary.

The intra-entity transfer of intellectual property rights resulted in a U.S. income tax expense of approximately $103 million. The U.S. income tax expense generated by this intercompany transfer of intellectual property was substantially offset by the benefit recorded as a result of the recognition of a deferred income tax asset in the Swiss subsidiary of approximately $92 million. The net impact to the Company’s income tax expense for this transaction was approximately $11 million as of fiscal 2024. The change of the net tax impact for fiscal

2024 from fiscal 2023 is the result of the adjustment made to the effective tax rate applied to the deferred tax asset.

For the intra-entity transfer of the intellectual property rights, the Company made U.S. income tax payments of $107.2 million during fiscal 2022. The Company estimates it will take between 5 and 10 years to amortize the Swiss deferred income tax asset.

During fiscal 2024, the Company recognized a one-time net tax benefit of Swiss Franc 33.7 million related to the consolidation of certain business functions into Switzerland that was approved by the Switzerland tax authority during the third quarter of fiscal 2024.

Changes in Income Tax Law

During calendar 2019, Switzerland implemented income tax reform (“Swiss tax reform”) that was effective as of January 1, 2020. The Swiss tax reform eliminates certain preferential income tax treatments and includes transitional relief measures which provides for future income tax deductions. During fiscal 2020, the Company recognized a one-time income tax benefit of approximately $8.1 million related primarily to the recognition of a deferred income tax asset associated with the estimated value of an income tax basis step-up of the Company’s Switzerland subsidiary’s assets. During fiscal 2023, the Company recorded a $2.3 million reserve for uncertain income tax positions related to such deferred income tax asset. During fiscal 2024, based on recent developments among European Union tax authorities, the Company wrote off the $8.1 million tax benefit related to the value of the income tax basis step-up of the Company’s Switzerland subsidiary’s assets, resulting in a net income tax expense of $5.8 million.

Income Tax Expense

Income tax expense is summarized as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Federal:
Current	$	7,876	$	8	$	149,811
Deferred	2,270		10,577		9,859
State:
Current	1,546		(1,963)		10,433
Deferred	1,211		85		2,443
Foreign:
Current	30,071		28,844		13,592
Deferred	(17,556)		(1,049)		(112,458)
Total	$	25,418	$	36,502	$	73,680

Actual income tax expense differs from expected income tax expense obtained by applying the statutory federal income tax rate to earnings before income taxes as follows:


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Computed “expected” tax rate	21.0	%	21.0	%	21.0	%
State taxes, net of federal benefit	0.7	%	1.1	%	1.6	%
Intra-entity intellectual property transfer tax rate difference1	3.1	%	—	%	1.6	%
GILTI	2.2	%	2.4	%	0.6	%
Unrecognized tax liabilities (benefits)	0.7	%	2.5	%	(0.6	%)
Tax Reform - repatriation tax adjustment	0.4	%	0.4	%	0.2	%
Tax settlements	0.3	%	—	%	—	%

Subpart F Income	0.2	%	—	%	4.5	%
Valuation reserve2	0.2	%	(4.0	%)	0.7	%
Non-deductible participation loss	—	%	—	%	1.8	%



Foreign derived intangible income3	—	%	—	%	(1.5	%)
Share-based compensation	(0.2	%)	(0.2	%)	(0.4	%)
Prior year income tax adjustments	(0.8	%)	(1.2	%)	0.4	%
Non-deductible permanent differences	(1.1	%)	1.6	%	0.6	%
Non-U.S. tax expense versus U.S. federal statutory tax rate4	(2.7	%)	(4.8	%)	(2.4	%)
Basis step up	(13.6	%)	—	%	—	%
Other, net	0.4	%	(0.4	%)	0.9	%
Effective income tax rate	10.8	%	18.4	%	29.0	%

______________________________________________________________________

3During fiscal 2022, the Company recognized an additional foreign-derived intangible income tax benefits of $37.0 million related to the intra-entity transfer of intellectual property rights.

Total income tax expense is allocated as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Operations	$	25,418	$	36,502	$	73,680
Stockholders’ equity	627		450		2,264
Convertible debt	(9,378)		(6,207)		—
Total income tax expense	$	16,667	$	30,745	$	75,944

The income tax effects of the components of OCL are allocated as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Derivative financial instruments designated as cash flow hedges	$	37	$	(945)	$	1,627
Defined benefit plans	590		1,395		637
Total income tax expense	$	627	$	450	$	2,264

Total earnings before income tax expense and noncontrolling interests are comprised as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Domestic operations	$	61,157	$	45,317	$	141,920
Foreign operations	174,978		152,729		111,809
Earnings before income tax expense and noncontrolling interests	$	236,135	$	198,046	$	253,729

Deferred Income Taxes

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities are as follows (in thousands):



	Feb 3, 2024		Jan 28, 2023
Deferred income tax assets:
Operating lease liabilities	$	156,689	$	156,234
Intangible assets	77,354		95,119
Net operating losses	43,849		45,384
Goodwill amortization	34,594		2,019
Impairment basis difference	12,703		—
Convertible senior notes hedge transactions	9,666		3,919
Defined benefit plans	9,620		10,186
Deferred compensation	7,838		7,177
Inventory valuation	3,828		4,025
Deferred income	3,614		5,076
Sales return and other reserves	1,691		1,615
Accrued bonus	1,581		1,046
Excess of financial accounting over tax depreciation/amortization	1,454		649
Account receivable reserve	1,386		1,454
Lease incentives	1,233		1,438
Uniform capitalization	840		919

Other, net	18,200		13,449
Total deferred income tax assets	386,140		349,709
Deferred income tax liabilities:
Operating right-of-use assets	(151,871)		(146,243)
Convertible senior notes debt discount	(128)		—


Valuation allowances	(55,231)		(45,063)
Net deferred income tax assets	$	178,910	$	158,403

Based on the historical earnings of the Company and projections of future taxable earnings in certain jurisdictions, management believes it is more likely than not that the results of operations will not generate sufficient taxable earnings to realize certain net deferred income tax assets. Therefore, the Company has recorded a valuation allowance of $55.2 million as of February 3, 2024, which is an increase of $10.2 million from fiscal 2023.

As of February 3, 2024, certain of the Company’s operations had net operating loss carryforwards of $45.9 million (income tax effected, not net of uncertain income tax positions), including state/provincial net operating loss carryforwards. These are comprised of $7.0 million (income tax effected, not net of uncertain income tax positions) of net operating loss carryforwards with an unlimited carryforward life, $38.7 million (income tax effected, not net of uncertain income tax positions) of foreign net operating loss carryforwards expiring between fiscal 2025 and fiscal 2043 and $0.2 million (income tax effected) of state/provincial net operating loss carryforwards expiring starting fiscal 2025 and beyond. Based on the historical earnings of these operations, management believes it is more likely than not that some of the operations will not generate sufficient earnings to utilize these net operating losses. As of February 3, 2024 and January 28, 2023, the Company had a valuation allowance of $45.7 million and $36.0 million, respectively, related to its net operating loss carryforwards.

Unrecognized Income Tax Benefit

The Company and its subsidiaries are subject to U.S. federal and foreign income tax, as well as income tax of multiple state and foreign local jurisdictions. From time-to-time, the Company is subject to routine income and other audits on various income tax matters around the world in the ordinary course of business. As of February 3, 2024, no major income tax, and other, audits were ongoing.

A reconciliation of the beginning and ending amount of gross unrecognized income tax benefit (excluding interest and penalties) is as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Beginning balance	$	56,074	$	51,736	$	34,246
Additions:
Income tax positions related to the prior year	47		3,954		280
Income tax positions related to the current year	324		454		21,616
Reductions:
Income tax positions related to the prior year	(4,046)		(70)		(2,405)
Income tax positions related to the current year	(756)		—		(2,001)



Ending balance	$	51,643	$	56,074	$	51,736

The amount of unrecognized income tax benefit as of February 3, 2024 and January 28, 2023 includes $35.1 million and $34.9 million (net of federal benefit on state issues), respectively, which, if ultimately recognized, may reduce our future annual effective income tax rate.

As of February 3, 2024 and January 28, 2023, the Company had $63.4 million and $64.4 million, respectively, of aggregate accruals for uncertain income tax positions, including penalties and interest. This includes an accrual of $19.9 million for the estimated transition tax (excluding interest) related to the 2017 Tax Cuts and Jobs Act (the “Tax Reform”) and $20.6 million for the intra-entity transfer of intellectual property rights from certain U.S. entities to a wholly-owned Swiss subsidiary, substantially offset by the related deferred income tax benefit recorded by the Swiss Subsidiary. The Company reviews and updates the estimates used in the accrual for uncertain income tax positions, as appropriate, as more definitive information or interpretations become available from income taxing authorities, and on the completion of income tax audits, the receipt of assessments, expiration of statutes of limitations, or occurrence of other events.

The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company included interest and penalties related to uncertain income tax positions of a $3.4 million, $2.6 million and $0.2 million in income tax expense for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Total interest and penalties related to uncertain income tax positions was $11.7 million and $8.4 million at February 3, 2024 and January 28, 2023, respectively.

During fiscal 2021, the Company became aware of a foreign withholding income tax regulation that could be interpreted to apply to certain of its previous transactions. The Company currently does not expect its exposure, if any, will have a material impact on its consolidated financial position, results of operations or cash flows.

Indefinite Reinvestment Assertion

The Company has historically considered the undistributed earnings of its foreign subsidiaries to be indefinitely reinvested. As a result of the Tax Reform, the Company had a substantial amount of previously taxed earnings that could be distributed to the U.S. without additional U.S. taxation. As of February 3, 2024, the Company determined that approximately $228.5 million of such foreign earnings are not indefinitely reinvested. The incremental tax cost to repatriate these earnings to the U.S. is immaterial. The Company intends to indefinitely reinvest the remaining earnings from the Company’s foreign subsidiaries for which a deferred income tax liability has not already been recorded. The Company continues to evaluate its plans for reinvestment or repatriation of unremitted foreign earnings and regularly reviews its cash positions and determination of indefinite reinvestment of foreign earnings. If the Company determines that all or a portion of such foreign earnings are no longer indefinitely reinvested, the Company may be subject to additional foreign withholding taxes and U.S. state income taxes, beyond the one-time transition tax.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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-Paragraph 2
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Stockholders' Equity - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Cost of product sales	$ 1,553,950	$ 1,538,603	$ 1,422,126
Interest expense	21,816	13,190	23,018
Income tax expense	25,418	36,502	73,680
Other expense	5,075	39,822	30,171
Total reclassifications to net earnings for (gains) losses realized during the period	(210,717)	(161,544)	(180,049)
Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Total reclassifications to net earnings for (gains) losses realized during the period	(4,324)	(8,441)	2,346
Derivative Financial Instruments Designated as Cash Flow Hedges \| Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Cost of product sales	(4,392)	(9,988)	2,051
Interest expense	(647)	(28)	272
Income tax expense	628	1,105	(288)
Total reclassifications to net earnings for (gains) losses realized during the period	(4,411)	(8,911)	2,035
Net actuarial loss amortization \| Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Other expense	256	615	420
Prior service credit amortization \| Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Other expense	(160)	(90)	(67)
Defined Benefit Plans \| Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings (loss)
Income tax expense	(9)	(55)	(42)
Total reclassifications to net earnings for (gains) losses realized during the period	$ 87	$ 470	$ 311

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Accrued Expenses [Line Items]
Other accrued compensation and benefits	$ 43,020	$ 35,522
Accrued payroll and related taxes	40,164	37,585
Allowance for sales returns	34,206	35,670
Sales and use taxes, property taxes and other indirect taxes	30,390	32,154
Income taxes	20,825	19,049
Professional and legal fees	10,967	9,643
Construction costs	7,880	9,033
Derivative liabilities	1,703	14,665
Other	40,379	33,330
Total accrued expenses	263,447	263,038
Deferred royalties and other revenue
Accrued Expenses [Line Items]
Contract with customer, liabilities	14,193	12,719
Allowance for markdowns
Accrued Expenses [Line Items]
Contract with customer, liabilities	12,932	17,530
Loyalty programs
Accrued Expenses [Line Items]
Contract with customer, liabilities	$ 6,788	$ 6,138

Property and Equipment - Summary of Impairment (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Property, Plant and Equipment [Abstract]
Aggregate carrying value of property and equipment impaired	$ 66,703	$ 44,284
Less property and equipment impairment charges	6,393	9,474	$ 2,400
Aggregate remaining fair value of property and equipment impaired	$ 60,310	$ 34,810

Borrowings and Finance Lease Obligations - Debt Maturities (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Finance Leases
Fiscal 2025	$ 5,573
Fiscal 2026	5,251
Fiscal 2027	2,649
Fiscal 2028	1,042
Fiscal 2029	214
Thereafter	701
Finance lease obligations	15,430	$ 19,865
Debt
Debt
Fiscal 2025	35,208
Fiscal 2026	3,113
Fiscal 2027	15,142
Fiscal 2028	93
Fiscal 2029	27
Thereafter	0
Total principal payments	53,583
Less unamortized debt issuance costs	22
Net carrying amount	53,561
Total
Debt
Less unamortized debt issuance costs	22
Finance Leases
Fiscal 2025	40,781
Fiscal 2026	8,364
Fiscal 2027	17,791
Fiscal 2028	1,135
Fiscal 2029	241
Thereafter	701
Total principal payments	69,013
Total debt and finance lease obligations	$ 68,991	$ 136,301

Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Property and equipment
Assets under finance leases, gross	$ 41,940	$ 37,849
Property and equipment, gross	937,128	915,630
Less accumulated depreciation and amortization	690,480	675,275
Property and equipment, net	246,648	240,355
Land, buildings and improvements
Property and equipment
Property and equipment excluding assets under finance lease, gross	50,934	51,017
Leasehold improvements
Property and equipment
Property and equipment excluding assets under finance lease, gross	351,031	353,106
Furniture, fixtures and equipment
Property and equipment
Property and equipment excluding assets under finance lease, gross	482,184	459,113
Construction in progress
Property and equipment
Property and equipment excluding assets under finance lease, gross	$ 11,039	$ 14,545

Income Taxes - Tax Effects of Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Income Tax Disclosure [Abstract]
Derivative financial instruments designated as cash flow hedges	$ 37	$ (945)	$ 1,627
Defined benefit plans	590	1,395	637
Total income tax expense	$ 627	$ 450	$ 2,264

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 12
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-12

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-17

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-10

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482659/740-20-45-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482659/740-20-45-2

+ Details

Derivative Financial Instruments - Gain (Loss) on Derivatives Not Designated As Hedging Instruments (Details) - Other expense - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Foreign exchange currency contracts
Derivative [Line Items]
Gain (Loss) Recognized in Earnings	$ 2,253	$ (2,833)	$ 1,941
2028 Bond Hedge
Derivative [Line Items]
Gain (Loss) Recognized in Earnings	1,233	0	0
Embedded derivatives
Derivative [Line Items]
Gain (Loss) Recognized in Earnings	$ (235)	$ 0	$ 0

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Feb. 03, 2024	Mar. 25, 2024	Jul. 28, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Feb. 03, 2024
Current Fiscal Year End Date	--02-03
Document Transition Report	false
Entity File Number	1-11893
Entity Registrant Name	GUESS INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-3679695
Entity Address, Address Line One	Strada Regina 44
Entity Address, City or Town	Bioggio
Entity Address, Country	CH
Entity Address, Postal Zip Code	CH-6934
City Area Code	41
Local Phone Number	91 809 5000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	GES
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 552,871,821
Entity Common Stock, Shares Outstanding		53,179,878
Documents Incorporated by Reference	Portions of the proxy statement for the registrant’s 2024 Annual Meeting of Stockholders, which will be filed not later than 120 days after the end of our fiscal year, are incorporated by reference into Part III herein.
Entity Central Index Key	0000912463
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY

Property and Equipment (Tables)

12 Months Ended

Feb. 03, 2024

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Property and equipment is summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Land, buildings and improvements	$	50,934	$	51,017
Leasehold improvements	351,031		353,106
Furniture, fixtures and equipment	482,184		459,113
Construction in progress	11,039		14,545
Assets under finance leases	41,940		37,849
	937,128		915,630
Less accumulated depreciation and amortization	690,480		675,275
	$	246,648	$	240,355

Schedule of impairments to property and equipment

Impairments to property and equipment are summarized as (in thousands):


	Feb 3, 2024		Jan 28, 2023
Aggregate carrying value of property and equipment impaired	$	66,703	$	44,284
Less property and equipment impairment charges	6,393		9,474
Aggregate remaining fair value of property and equipment impaired	$	60,310	$	34,810

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Current assets:
Cash and cash equivalents	$ 360,285	$ 275,765
Accounts receivable, net	314,769	341,939
Inventories	466,297	510,899
Other current assets	84,122	83,102
Total current assets	1,225,473	1,211,705
Property and equipment, net	246,648	240,355
Goodwill	34,100	34,277
Deferred income tax assets	178,910	158,403
Operating lease right-of-use assets	667,031	636,148
Other assets	237,859	144,560
Total assets	2,590,021	2,425,448
Current liabilities:
Current portion of borrowings and finance lease obligations	40,781	40,380
Accounts payable	272,830	289,442
Accrued expenses and other current liabilities	263,447	263,038
Convertible senior notes due 2024, net	48,048	0
Current portion of operating lease liabilities	166,451	170,192
Total current liabilities	791,557	763,052
Long-term debt and finance lease obligations	28,210	95,921
Long-term operating lease liabilities	542,392	528,236
Other long-term liabilities	155,829	157,403
Total liabilities	1,854,705	1,843,543
Redeemable noncontrolling interests	522	9,154
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred stock, $.01 par value. Authorized 10,000,000 shares; no shares issued and outstanding	0	0
Common stock, $.01 par value. Authorized 150,000,000 shares; issued 142,771,315 and 142,771,253 shares, outstanding 53,007,966 and 54,609,786 shares as of February 3, 2024 and January 28, 2023, respectively	530	546
Paid-in capital	594,520	532,398
Retained earnings	1,412,426	1,276,857
Accumulated other comprehensive loss	(137,010)	(134,073)
Treasury stock, 89,763,349 and 88,161,467 shares as of February 3, 2024 and January 28, 2023, respectively	(1,185,526)	(1,141,615)
Guess?, Inc. stockholders’ equity	684,940	534,113
Nonredeemable noncontrolling interests	49,854	38,638
Total stockholders’ equity	734,794	572,751
Total liabilities and stockholders' equity	2,590,021	2,425,448
Convertible senior notes due 2024
Current liabilities:
Convertible senior notes, net	0	298,931
Convertible senior notes due 2028
Current liabilities:
Convertible senior notes, net	$ 336,717	$ 0

Convertible Senior Notes and Related Transactions (Tables)

12 Months Ended

Feb. 03, 2024

Debt Disclosure [Abstract]

Schedule of Convertible Notes

The Notes consist of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023
2024 Notes
Principal	$	48,078	$	300,000
Unamortized debt issuance costs	(30)		(1,069)
Net carrying amount	$	48,048	$	298,931

Fair value, net1	$	49,182	$	331,862
Initial 2028 Notes
Principal	$	275,000	$	—
Unamortized debt discount and issuance costs2	(8,034)		—
Net carrying amount	$	266,966	$	—

Fair value, net1	$	295,550	$	—

Additional 2028 Notes
Principal	$	64,826	$	—
Unamortized debt discount and issuance costs	(11,465)		—
Embedded derivative3	16,390		—
Net carrying amount	$	69,751	$	—

Fair value, net1	$	60,099	$	—

_____________________________________________________________________

Schedule of Interest Expense on Convertible Notes

Interest expense for the Notes consists of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
2024 Notes
Coupon interest	$	2,711	$	6,000	$	6,000
Amortization of debt discount and issuance costs	404		838		11,981
Total	$	3,115	$	6,838	$	17,981
Initial 2028 Notes
Coupon interest	$	8,135	$	—	$	—
Amortization of debt discount and issuance costs	1,309		—		—
Total	$	9,444	$	—	$	—
Additional 2028 Notes
Coupon interest	$	716	$	—	$	—
Amortization of debt discount and issuance costs	148		—		—
Total	$	864	$	—	$	—

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Feb. 03, 2024	Jan. 28, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	142,771,315	142,771,253
Common stock, shares outstanding (in shares)	53,007,966	54,609,786
Treasury stock, shares (in shares)	89,763,349	88,161,467

Related Party Transactions (Details) $ in Millions		1 Months Ended						12 Months Ended
Related Party Transactions (Details) $ in Millions	Dec. 01, 2023	Aug. 31, 2023 USD ($)	Aug. 31, 2023 CAD ($)	May 31, 2023	Apr. 29, 2023 USD ($)	Jun. 30, 2022	May 31, 2022	Feb. 03, 2024 USD ($) lease	Jan. 28, 2023 USD ($)	Jan. 29, 2022 USD ($)	Jan. 30, 2021 USD ($)	Oct. 31, 2023
Related Party Transaction [Line Items]
Lease costs								$ 326,228,000	$ 307,711,000	$ 296,454,000
Revenue								$ 2,776,530,000	2,687,350,000	2,591,631,000
Privately-held men's footwear company
Related Party Transaction [Line Items]
Equity method ownership percentage											30.00%
Marciano Entities \| Privately-held men's footwear company
Related Party Transaction [Line Items]
Equity method ownership percentage								45.00%
Marciano Entities \| Privately-Held Fashion Accessories Company
Related Party Transaction [Line Items]
Equity method ownership percentage								16.00%
Marciano Entities \| Beverage Company
Related Party Transaction [Line Items]
Equity method ownership percentage								15.00%
Maurice Marciano \| Privately-held men's footwear company
Related Party Transaction [Line Items]
Equity method ownership percentage								22.50%
Maurice Marciano \| Privately-Held Fashion Accessories Company
Related Party Transaction [Line Items]
Equity method ownership percentage								8.00%
Maurice Marciano \| Beverage Company
Related Party Transaction [Line Items]
Equity method ownership percentage								7.50%
Paul Marciano \| Privately-held men's footwear company
Related Party Transaction [Line Items]
Equity method ownership percentage								22.50%
Paul Marciano \| Privately-Held Fashion Accessories Company
Related Party Transaction [Line Items]
Equity method ownership percentage								8.00%
Paul Marciano \| Beverage Company
Related Party Transaction [Line Items]
Equity method ownership percentage								7.50%
Carlos Alberini \| Privately-Held Fashion Accessories Company
Related Party Transaction [Line Items]
Equity method ownership percentage								4.00%
Nicolai Marciano \| Beverage Company
Related Party Transaction [Line Items]
Equity method ownership percentage								1.40%
Aircraft \| Marciano Entities
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								100.00%
Aircraft \| Maurice Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								50.00%
Aircraft \| Paul Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								50.00%
California \| Building \| Marciano Entities
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								100.00%
California \| Building \| Maurice Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								56.30%
California \| Building \| Paul Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								43.70%
Canada \| Building \| Marciano Entities
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								100.00%
Canada \| Building \| Maurice Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								50.00%
Canada \| Building \| Paul Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								50.00%
France \| Building \| Marciano Entities
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								66.70%
France \| Building \| Maurice Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								33.30%
France \| Building \| Paul Marciano
Related Party Transaction [Line Items]
Property, plant and equipment ownership percentage								33.30%
Marciano Entities \| Fees incurred for aircraft charter
Related Party Transaction [Line Items]
Payments under related party transaction								$ 3,800,000	3,100,000	3,500,000
Marciano Entities \| Related Party
Related Party Transaction [Line Items]
Number of leases under lease agreement \| lease								4
Marciano Entities \| Related Party \| Privately-held men's footwear company
Related Party Transaction [Line Items]
Equity method ownership percentage								30.00%
Marciano Entities \| Related Party \| Co-branding Collaboration Arrangement \| Collaborative Arrangement, Transaction with Party to Collaborative Arrangement
Related Party Transaction [Line Items]
Fee per the agreement					$ 100,000
Marciano Entities \| Related Party \| California
Related Party Transaction [Line Items]
Number of leases under lease agreement \| lease								2
Marciano Entities \| Related Party \| California \| Related party leases
Related Party Transaction [Line Items]
Lease costs								$ 7,500,000	7,300,000	7,000,000
Marciano Entities \| Related Party \| Canada
Related Party Transaction [Line Items]
Renewal option (in years)		3 years	3 years
Base rent per year		$ 400,000	$ 0.6
Marciano Entities \| Related Party \| Canada \| Related party leases
Related Party Transaction [Line Items]
Lease costs								400,000	400,000	500,000
Marciano Entities \| Related Party \| France \| Related party leases
Related Party Transaction [Line Items]
Lease costs								1,200,000	1,200,000	1,100,000
Maurice Marciano \| Fees incurred for aircraft charter
Related Party Transaction [Line Items]
Payments under related party transaction								1,400,000	1,200,000	1,400,000
Maurice Marciano \| Privately-Held Fashion Accessories Company, Vendor purchases
Related Party Transaction [Line Items]
Payments under related party transaction								300,000	500,000	400,000
Maurice Marciano \| Related Party \| California \| Related party leases
Related Party Transaction [Line Items]
Lease costs								4,200,000	4,100,000	3,900,000
Maurice Marciano \| Related Party \| Canada \| Related party leases
Related Party Transaction [Line Items]
Lease costs								200,000	200,000	250,000
Maurice Marciano \| Related Party \| France \| Related party leases
Related Party Transaction [Line Items]
Lease costs								400,000	400,000	400,000
Paul Marciano \| Fees incurred for aircraft charter
Related Party Transaction [Line Items]
Payments under related party transaction								1,400,000	1,200,000	1,400,000
Paul Marciano \| Privately-Held Fashion Accessories Company, Vendor purchases
Related Party Transaction [Line Items]
Payments under related party transaction								300,000	500,000	400,000
Paul Marciano \| Related Party \| California \| Related party leases
Related Party Transaction [Line Items]
Lease costs								3,300,000	3,200,000	3,100,000
Paul Marciano \| Related Party \| Canada \| Related party leases
Related Party Transaction [Line Items]
Lease costs								200,000	200,000	250,000
Paul Marciano \| Related Party \| France \| Related party leases
Related Party Transaction [Line Items]
Lease costs								400,000	400,000	400,000
Marciano Entities, Privately-Held Men's Footwear Company
Related Party Transaction [Line Items]
Interest rate for line of credit provided (in percent)											2.75%
Marciano Entities, Privately-Held Men's Footwear Company \| Fulfillment Services Agreement
Related Party Transaction [Line Items]
Cost-plus percentage							5.00%
Marciano Entities, Privately-Held Men's Footwear Company \| Distributorship Agreement
Related Party Transaction [Line Items]
Discount percentage				22.00%		35.00%
Agreement term						15 months
Annual advertising commitment percentage				2.00%
Marciano Entities, Privately-Held Men's Footwear Company \| Distributorship Agreement, Fees paid
Related Party Transaction [Line Items]
Payments under related party transaction								167,500	5,000
Marciano Entities, Privately-Held Men's Footwear Company \| Related Party
Related Party Transaction [Line Items]
Line of credit provided											$ 2,000,000
Line of credit extension term												3 years
Notes receivable								600,000	400,000
Marciano Entities, Privately-Held Men's Footwear Company \| Related Party \| Credit Facility \| One Month Secured Overnight Financing Rate (SOFR)
Related Party Transaction [Line Items]
Interest rate margin (as a percent)	1.75%
Marciano Entities, Privately-Held Men's Footwear Company \| Related Party \| Related party leases
Related Party Transaction [Line Items]
Revenue								16,500	17,000
Marciano Entities, Privately-Held Men's Footwear Company \| Related Party \| Fulfillment Services Agreement
Related Party Transaction [Line Items]
Revenue								14,500	5,000
Privately-Held Fashion Accessories Company \| Privately-Held Fashion Accessories Company, Vendor purchases
Related Party Transaction [Line Items]
Payments under related party transaction								3,700,000	6,800,000	4,500,000
Carlos Alberini \| Privately-Held Fashion Accessories Company, Vendor purchases
Related Party Transaction [Line Items]
Payments under related party transaction								$ 100,000	$ 300,000	$ 200,000

Borrowings and Finance Lease Obligations - Summary of Borrowings and Finance Lease Obligations (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Debt Instrument [Line Items]
Term loans	$ 12,060	$ 25,516
Finance lease obligations	15,430	19,865
Mortgage debt	16,435	17,189
Borrowings under credit facilities	21,653	70,304
Other	3,413	3,427
Less current installments	40,781	40,380
Long-term debt and finance lease obligations	28,210	95,921
Total
Debt Instrument [Line Items]
Total debt and finance lease obligations	68,991	136,301
Less current installments	40,781	40,380
Long-term debt and finance lease obligations	$ 28,210	$ 95,921

Convertible Senior Notes and Related Transactions - Narrative (Details) $ / shares in Units, shares in Millions	1 Months Ended			3 Months Ended		12 Months Ended
	Jan. 31, 2024 USD ($) shares	Apr. 29, 2023 USD ($) $ / shares shares	Apr. 30, 2019 USD ($) $ / shares	Feb. 03, 2024 USD ($) $ / shares	Apr. 29, 2023 USD ($) $ / shares shares	Feb. 03, 2024 USD ($) $ / shares	Jan. 28, 2023 USD ($)	Jan. 29, 2022 USD ($)
Debt Instrument [Line Items]
Convertible senior notes issued upon exchange						$ 233,342,000	$ 0	$ 0
Net proceeds from issuance of convertible senior notes						80,324,000	0	0
Share repurchases						64,081,000	186,747,000	51,030,000
Loss on extinguishment of debt						12,351,000	0	0
Fair value of embedded derivative	$ 16,200,000			$ 16,400,000		16,400,000
Amortization of debt discount						622,000	0	11,125,000
Amount paid to purchase bond hedge						67,992,000	0	0
Proceeds from issuance of warrants						25,921,000	0	0
Proceeds from termination of convertible senior note hedges						9,146,000	0	0
Payments for terminated warrants						1,124,000	0	0
Increase in additional paid-In capital due to reclassification of bond hedge						68,530,000
2028 Bond Hedge
Debt Instrument [Line Items]
Derivative assets	84,700,000			$ 85,900,000		85,900,000
Additional 2028 Bond Hedge
Debt Instrument [Line Items]
Derivative assets	16,200,000
Initial 2028 Bond Hedge
Debt Instrument [Line Items]
Derivative assets	68,500,000
Share Repurchase Program
Debt Instrument [Line Items]
Share repurchases	$ 21,300,000	$ 42,800,000				$ 64,100,000	186,700,000	51,000,000
Senior notes \| 2028 Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	3.75%
Conversion price (in dollars per share) \| $ / shares		$ 24.70		$ 24.45	$ 24.70	$ 24.45
Dividend threshold for conversion rate and conversion price adjustment (in dollars per share) \| $ / shares						0.225
Percentage of principal and interest of the Notes that the Company may be required to purchase in the event of a fundamental change	100.00%
Minimum percentage of holders of the Notes which may be able to declare the Notes to be due and payable upon the occurrence of certain events of default	25.00%
Percentage of principal and interest that may be declared due and payable upon the occurrence of certain events of default	100.00%
Strike price of warrants (in dollars per share) \| $ / shares				$ 41.37		$ 41.37
Senior notes \| Initial 2028 Notes
Debt Instrument [Line Items]
Convertible senior notes issued		$ 275,000,000			$ 275,000,000
Convertible senior notes issued upon exchange		163,000,000
Net proceeds from issuance of convertible senior notes		$ 112,000,000
Aggregate principal amount outstanding				$ 275,000,000		$ 275,000,000	0
Conversion ratio		0.0404858
Dividend threshold for conversion rate and conversion price adjustment (in dollars per share) \| $ / shares						$ 0.225
Effective interest rate for discount amortization				4.50%		4.50%
Debt issuance costs incurred						$ 5,900,000
Option to purchase, number of shares (in shares) \| shares		11.1
Strike price (in dollars per share) \| $ / shares		$ 24.70				$ 24.45
Amount paid to purchase bond hedge		$ 51,800,000
Warrant holders option to purchase common stock (in shares) \| shares		11.1			11.1
Strike price of warrants (in dollars per share) \| $ / shares		$ 41.80		$ 41.37	$ 41.80	$ 41.37
Proceeds from issuance of warrants		$ 20,200,000
Increase in additional paid-In capital due to reclassification of bond hedge	$ 68,500,000
Senior notes \| Additional 2028 Notes
Debt Instrument [Line Items]
Convertible senior notes issued upon exchange	64,800,000
Aggregate principal amount outstanding				$ 64,826,000		$ 64,826,000	0
Fair value of convertible notes	71,900,000
Fair value of embedded derivative				16,390,000		16,390,000	0
Debt discount	$ 9,600,000
Effective interest rate for discount amortization	8.80%
Debt issuance costs incurred						2,000,000
Amount paid to purchase bond hedge	$ 16,200,000
Proceeds from issuance of warrants	5,800,000
Senior notes \| 2024 Notes
Debt Instrument [Line Items]
Convertible senior notes issued			$ 300,000,000
Original convertible senior notes exchanged	67,100,000	184,900,000
Repayment of convertible senior notes		33,300,000
Aggregate principal amount outstanding	$ 48,100,000	$ 115,100,000		48,078,000	$ 115,100,000	$ 48,078,000	300,000,000
Percentage of exchanged notes accounted for as an extinguishment of debt		74.00%			74.00%
Percentage of exchanged notes accounted for as a modification of debt		26.00%			26.00%
Loss on extinguishment of debt				$ 4,700,000	$ 7,700,000
Interest rate (as a percent)			2.00%
Conversion ratio			0.0387879
Conversion price (in dollars per share) \| $ / shares			$ 25.78	$ 24.28		$ 24.28
Dividend threshold for conversion rate and conversion price adjustment (in dollars per share) \| $ / shares						$ 0.1125
Percentage of principal and interest of the Notes that the Company may be required to purchase in the event of a fundamental change			100.00%
Minimum percentage of holders of the Notes which may be able to declare the Notes to be due and payable upon the occurrence of certain events of default			25.00%
Percentage of principal and interest that may be declared due and payable upon the occurrence of certain events of default			100.00%
Effective interest rate for discount amortization			6.80%
Debt issuance costs expensed						$ 500,000
Debt issuance costs capitalized			$ 5,300,000
Amortization of debt discount						$ 0	$ 0	$ 11,100,000
Option to purchase, number of shares (in shares) \| shares	2.0	4.6
Strike price (in dollars per share) \| $ / shares		$ 24.92				$ 24.28
Warrant holders option to purchase common stock (in shares) \| shares	2.0	4.6			4.6
Strike price of warrants (in dollars per share) \| $ / shares		$ 45.31		$ 44.15	$ 45.31	44.15
Proceeds from termination of convertible senior note hedges	$ 1,900,000	$ 7,200,000
Payments for terminated warrants	100,000	1,000,000
Increase in additional paid-in-capital related to termination of convertible note hedge transactions and warrants	$ 1,800,000	$ 6,200,000
Dividend threshold for strike price adjustment (in dollars per share) \| $ / shares						$ 0.1125
Senior notes \| 2024 Notes \| Initial purchasers
Debt Instrument [Line Items]
Debt issuance costs capitalized			3,800,000
Senior notes \| 2024 Notes \| Third party offerers
Debt Instrument [Line Items]
Debt issuance costs capitalized			$ 1,500,000

Earnings Per Share (Tables)

12 Months Ended

Feb. 03, 2024

Earnings Per Share [Abstract]

Computation of basic and diluted net earnings (loss) per common share attributable to common stockholders

The computation of basic and diluted net earnings per common share attributable to common stockholders is (in thousands, except per share data):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Net earnings attributable to Guess?, Inc.	$	198,199	$	149,610	$	171,363
Less net earnings attributable to nonvested restricted stockholders	2,369		1,405		1,831
Net earnings attributable to common stockholders	195,830		148,205		169,532
Add expenses related to the Notes1	19,691		4,896		—
Net earnings attributable to common stockholders used in diluted computations	$	215,521	$	153,101	$	169,532

Weighted average common shares used in basic computations	53,329		56,484		64,021
Effect of dilutive securities:
Stock options and restricted stock units	1,332		1,639		1,898
The Notes	15,121		11,964		—
Weighted average common shares used in diluted computations	69,782		70,087		65,919
Net earnings per common share attributable to common stockholders:
Basic	$	3.67	$	2.62	$	2.65
Diluted	$	3.09	$	2.18	$	2.57

______________________________________________________________________

1Expenses related to the Notes include interest expenses, loss on extinguishment of debt and gain (loss) on fair value remeasurement for embedded derivative, net of associated income tax effect.

Goodwill (Details) - USD ($)	12 Months Ended
Goodwill (Details) - USD ($)	Feb. 03, 2024	Jan. 28, 2023
Goodwill [Roll Forward]
Goodwill at the beginning of the period	$ 34,277,000	$ 34,885,000
Foreign currency translation adjustments	(177,000)	(608,000)
Goodwill at the end of the period	34,100,000	34,277,000
Accumulated impairment related to goodwill	0	0
Americas Retail
Goodwill [Roll Forward]
Goodwill at the beginning of the period	1,721,000	1,747,000
Foreign currency translation adjustments	(6,000)	(26,000)
Goodwill at the end of the period	1,715,000	1,721,000
Americas Wholesale
Goodwill [Roll Forward]
Goodwill at the beginning of the period	9,964,000	9,969,000
Foreign currency translation adjustments	0	(5,000)
Goodwill at the end of the period	9,964,000	9,964,000
Europe
Goodwill [Roll Forward]
Goodwill at the beginning of the period	22,592,000	23,169,000
Foreign currency translation adjustments	(171,000)	(577,000)
Goodwill at the end of the period	$ 22,421,000	$ 22,592,000

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Inventories

12 Months Ended

Feb. 03, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023
Raw materials	$	1,488	$	1,807
Work in progress	3		3
Finished goods	464,806		509,089
	$	466,297	$	510,899

The above balances include an allowance to write down inventories to the lower of cost or net realizable value of $25.5 million and $30.3 million as of February 3, 2024 and January 28, 2023, respectively.

Defined Benefit Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 03, 2024	Dec. 31, 2023	Jan. 28, 2023	Dec. 31, 2022	Jan. 29, 2022
SERP
Defined Benefit Plan Disclosure [Line Items]
Discount rate assumed as part of the actuarial valuation performed to calculate the projected benefit obligation and fair value of the plan assets (as a percent)	4.80%		4.50%
Defined Benefit Plan, Expected Future Benefit Payment
Defined benefit plan, expected future benefit payment in year one	$ 1.9
Defined benefit plan, expected future benefit payment in year two	1.9
Defined benefit plan, expected future benefit payment in year three	1.9
Defined benefit plan, expected future benefit payment in year four	1.9
Defined benefit plan, expected future benefit payment in year five	3.7
Defined benefit plan, expected future benefit payment in the following five fiscal years	17.5
SERP \| Other income/ expense
Defined Benefit Plan Disclosure [Line Items]
Gains (losses) as a result of changes in value of the insurance policy investments	$ 1.1		$ (5.7)		$ 0.6
Pension Plan \| Switzerland
Defined Benefit Plan Disclosure [Line Items]
Discount rate assumed as part of the actuarial valuation performed to calculate the projected benefit obligation and fair value of the plan assets (as a percent)	1.60%		1.70%
Defined Benefit Plan, Expected Future Benefit Payment
Minimum investment return (as a percent)		1.00%		1.00%
Expected return on plan assets assumed as a part of the actuarial valuation performed to calculate the projected benefit obligation and plan assets (as a percent)	1.60%		1.70%
Other assets \| SERP
Defined Benefit Plan Disclosure [Line Items]
Cash surrender values of the insurance policies held in a rabbi trust	$ 63.4		$ 64.4

Fair Value Measurements (Tables)

12 Months Ended

Feb. 03, 2024

Fair Value Disclosures [Abstract]

Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

The following presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands):


	Fair Value Measurements
	Feb 3, 2024								Jan 28, 2023
Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Foreign exchange currency contracts	$	—	$	2,278	$	—	$	2,278	$	—	$	2,219	$	—	$	2,219
2028 Bond Hedge	—		—		85,918		85,918		—		—		—		—
Interest rate swap	—		797		—		797		—		1,034		—		1,034

Total	$	—	$	3,075	$	85,918	$	88,993	$	—	$	3,253	$	—	$	3,253
Liabilities:
Foreign exchange currency contracts	$	—	$	1,702	$	—	$	1,702	$	—	$	16,704	$	—	$	16,704
Embedded derivative	—		—		16,390		16,390		—		—		—		—
Interest rate swap	—		—		—		—		—		—		—		—
Deferred compensation obligations	—		17,164		—		17,164		—		15,187		—		15,187
Total	$	—	$	18,866	$	16,390	$	35,256	$	—	$	31,891	$	—	$	31,891

Schedule of measurement input assumptions

The following assumptions were used within the model:


Valuation Assumptions	Feb 3, 2024
Expected volatility	30		%
Risk-free interest rate	4.1		%
Credit spread	4.3		%
Dividend yield	5.2		%
Term to maturity	4.2 years
Stock price	$	22.86

Reconciliation of Level 3 assets and liabilities


	Embedded Derivative		2028 Bond Hedge
Balance as of January 28, 2023	$	—	$	—
Initial bifurcation of embedded derivative	(16,155)		—
Purchase of Additional 2028 Bond Hedge	—		16,155
Reclassification of Initial 2028 Bond Hedge	—		68,530
Gain (loss) on fair value remeasurement	(235)		1,233
Balance as of February 3, 2024	$	(16,390)	$	85,918

Accounts Receivable (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Accounts receivable
Accounts receivable, gross	$ 321,945	$ 350,493
Less allowances	7,176	8,554
Accounts receivable, net	314,769	341,939
Trade
Accounts receivable
Accounts receivable, gross	305,900	306,737
Royalty
Accounts receivable
Accounts receivable, gross	9,334	37,521
Other
Accounts receivable
Accounts receivable, gross	$ 6,711	$ 6,235

Convertible Senior Notes and Related Transactions - Components of Convertible Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 31, 2024	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2019
Debt Instrument [Line Items]
Embedded derivative	$ 16,400	$ 16,200
Senior notes \| 2024 Notes
Debt Instrument [Line Items]
Principal	48,078	48,100	$ 115,100	$ 300,000
Unamortized debt issuance costs	(30)			(1,069)
Net carrying amount	48,048			298,931
Effective interest rate for discount amortization					6.80%
Senior notes \| 2024 Notes \| Level 2
Debt Instrument [Line Items]
Fair value, net	49,182			331,862
Senior notes \| Initial 2028 Notes
Debt Instrument [Line Items]
Principal	275,000			0
Unamortized debt discount and issuance costs	(8,034)			0
Net carrying amount	$ 266,966			0
Effective interest rate for discount amortization	4.50%
Discount amortization period	5 years
Senior notes \| Initial 2028 Notes \| Level 2
Debt Instrument [Line Items]
Fair value, net	$ 295,550			0
Senior notes \| Additional 2028 Notes
Debt Instrument [Line Items]
Principal	64,826			0
Unamortized debt discount and issuance costs	(11,465)			0
Embedded derivative	16,390			0
Net carrying amount	69,751			0
Fair value, net		$ 71,900
Effective interest rate for discount amortization		8.80%
Senior notes \| Additional 2028 Notes \| Level 2
Debt Instrument [Line Items]
Fair value, net	$ 60,099			$ 0

Earnings Per Share - Computation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Earnings Per Share [Abstract]
Net earnings attributable to Guess?, Inc.	$ 198,199	$ 149,610	$ 171,363
Less net earnings attributable to nonvested restricted stockholders	2,369	1,405	1,831
Net earnings attributable to common stockholders	195,830	148,205	169,532
Add expenses related to the Notes	19,691	4,896	0
Net earnings attributable to common stockholders used in diluted computations	$ 215,521	$ 153,101	$ 169,532
Weighted average common shares used in basic computations (in shares)	53,329	56,484	64,021
Effect of dilutive securities:
Stock options and restricted stock units (in shares)	1,332	1,639	1,898
The Notes (in shares)	15,121	11,964	0
Weighted average common shares used in diluted computations (in shares)	69,782	70,087	65,919
Net earnings per common share attributable to common stockholders:
Basic (in dollars per share)	$ 3.67	$ 2.62	$ 2.65
Diluted (in dollars per share)	$ 3.09	$ 2.18	$ 2.57

Borrowings and Finance Lease Obligations

12 Months Ended

Feb. 03, 2024

Debt Disclosure [Abstract]

Borrowings and Finance Lease Obligations

Borrowings and finance lease obligations are summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Term loans	$	12,060	$	25,516
Finance lease obligations	15,430		19,865
Mortgage debt	16,435		17,189
Borrowings under credit facilities	21,653		70,304
Other	3,413		3,427
	68,991		136,301
Less current installments	40,781		40,380
Long-term debt and finance lease obligations	$	28,210	$	95,921

Term Loans

Finance Lease Obligations

Mortgage Debt

Credit Facilities

Long-Term 2023 Credit Facility

Long-Term 2022 Credit Facility

Other Credit Facilities

Other

From time-to-time, the Company will obtain other financing in foreign countries for working capital to finance its local operations.

Maturities of the Company’s debt and finance lease obligations as of February 3, 2024 are as follows (in thousands):


	Debt		Finance Lease		Total
Fiscal 2025	$	35,208	$	5,573	$	40,781
Fiscal 2026	3,113		5,251		8,364
Fiscal 2027	15,142		2,649		17,791
Fiscal 2028	93		1,042		1,135
Fiscal 2029	27		214		241
Thereafter	—		701		701
Total principal payments	53,583		15,430		69,013
Less unamortized debt issuance costs	22		—		22
Total debt and finance lease obligations	$	53,561	$	15,430	$	68,991

Convertible Senior Notes and Related Transactions

Exchange and Subscription Agreements

modification of debt. As a result of these transactions entered into during April 2023, the Company recognized a $7.7 million loss on extinguishment of debt during the first quarter of fiscal 2024.

See Note 23 for information regarding additional exchange and subscription agreements entered into in March 2024 providing for the exchange of 2024 Notes for additional 2028 Notes.

3.75% Convertible Senior Notes due 2028

2.00% Convertible Senior Notes due 2024

on the 2024 Notes and recorded no interest expense related to the amortization of the debt discount on the 2024 Notes during fiscal 2023 and fiscal 2024.

The Notes consist of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023
2024 Notes
Principal	$	48,078	$	300,000
Unamortized debt issuance costs	(30)		(1,069)
Net carrying amount	$	48,048	$	298,931

Fair value, net1	$	49,182	$	331,862
Initial 2028 Notes
Principal	$	275,000	$	—
Unamortized debt discount and issuance costs2	(8,034)		—
Net carrying amount	$	266,966	$	—

Fair value, net1	$	295,550	$	—

Additional 2028 Notes
Principal	$	64,826	$	—
Unamortized debt discount and issuance costs	(11,465)		—
Embedded derivative3	16,390		—
Net carrying amount	$	69,751	$	—

Fair value, net1	$	60,099	$	—

_____________________________________________________________________

Interest expense for the Notes consists of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
2024 Notes
Coupon interest	$	2,711	$	6,000	$	6,000
Amortization of debt discount and issuance costs	404		838		11,981
Total	$	3,115	$	6,838	$	17,981
Initial 2028 Notes
Coupon interest	$	8,135	$	—	$	—
Amortization of debt discount and issuance costs	1,309		—		—
Total	$	9,444	$	—	$	—
Additional 2028 Notes
Coupon interest	$	716	$	—	$	—
Amortization of debt discount and issuance costs	148		—		—
Total	$	864	$	—	$	—

Convertible Bond Hedge and Warrant Transactions

notional amount of approximately 2.0 million shares of common stock, corresponding to the number of shares into which the remaining 2024 Notes are convertible.

- Definition

+ References

+ Details

Description of the Business and Summary of Significant Accounting Policies and Practices - Foreign Currency (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Variable Interest Entity [Line Items]
Foreign currency translation adjustment decrease to stockholders' equity	$ 4,200
Accumulated foreign currency translation loss	(734,794)	$ (572,751)	$ (653,643)	$ (565,580)
Net foreign currency transaction losses	5,700	22,900	$ 32,100
Foreign currency translation adjustment
Variable Interest Entity [Line Items]
Accumulated foreign currency translation loss	$ 136,700	$ 132,500

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Description of the Business and Summary of Significant Accounting Policies and Practices - Net Gains on Lease Modifications (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net gains on lease modifications	$ 1,662	$ 2,267	$ 259

Share Repurchase Program (Details) - USD ($)			1 Months Ended		6 Months Ended	12 Months Ended
Share Repurchase Program (Details) - USD ($)	Jan. 03, 2024	Mar. 14, 2022	Jan. 31, 2024	Apr. 29, 2023	Jul. 30, 2022	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022	Mar. 18, 2022	Aug. 23, 2021	Jun. 26, 2012
Equity, Class of Treasury Stock [Line Items]
Share repurchases						$ 64,081,000	$ 186,747,000	$ 51,030,000
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Value of common stock authorized to be repurchased		$ 249,000,000								$ 200,000,000	$ 500,000,000
Value of common stock remaining to be repurchased						$ 0				$ 47,800,000
Stock repurchase program, authorized amount, increase during period	$ 1,400,000	$ 100,000,000
Share repurchases (in shares)						3,153,339	8,985,603	2,289,292
Share repurchases			$ 21,300,000	$ 42,800,000		$ 64,100,000	$ 186,700,000	$ 51,000,000
2022 Accelerated Share Repurchase Contract
Equity, Class of Treasury Stock [Line Items]
Value of common stock authorized to be repurchased									$ 175,000,000
Share repurchases (in shares)					8,500,000

Earnings Per Share

12 Months Ended

Feb. 03, 2024

Earnings Per Share [Abstract]

Earnings Per Share

The computation of basic and diluted net earnings per common share attributable to common stockholders is (in thousands, except per share data):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Net earnings attributable to Guess?, Inc.	$	198,199	$	149,610	$	171,363
Less net earnings attributable to nonvested restricted stockholders	2,369		1,405		1,831
Net earnings attributable to common stockholders	195,830		148,205		169,532
Add expenses related to the Notes1	19,691		4,896		—
Net earnings attributable to common stockholders used in diluted computations	$	215,521	$	153,101	$	169,532

Weighted average common shares used in basic computations	53,329		56,484		64,021
Effect of dilutive securities:
Stock options and restricted stock units	1,332		1,639		1,898
The Notes	15,121		11,964		—
Weighted average common shares used in diluted computations	69,782		70,087		65,919
Net earnings per common share attributable to common stockholders:
Basic	$	3.67	$	2.62	$	2.65
Diluted	$	3.09	$	2.18	$	2.57

______________________________________________________________________

1Expenses related to the Notes include interest expenses, loss on extinguishment of debt and gain (loss) on fair value remeasurement for embedded derivative, net of associated income tax effect.

For fiscal 2024, fiscal 2023 and fiscal 2022, equity awards granted for 787,845, 1,240,937 and 562,876, respectively, of the Company’s common shares were outstanding but were excluded from the computation of diluted weighted average common shares and common equivalent shares outstanding because the assumed proceeds resulted in these awards being antidilutive. The Company excluded 313,648, 484,365 and 300,000 nonvested stock units which were subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of February 3, 2024, January 28, 2023 and January 29, 2022, respectively.

Warrants related to the 2024 Notes to purchase 2.0 million shares of the Company’s common shares at an adjusted strike price of $44.15 per share were outstanding as of February 3, 2024. Warrants related to the 2028 Notes to purchase 13.9 million shares of the Company’s common shares at an adjusted strike price of $41.37 per share were outstanding as of February 3, 2024. These warrants were excluded from the computation of diluted net earnings per share since the warrants’ strike prices were greater than the average market price of the Company’s common stock during the period. See Note 10 for more information regarding the Notes.

Lease Accounting - Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Finance Leases
Fiscal 2025	$ 6,202
Fiscal 2026	5,686
Fiscal 2027	3,170
Fiscal 2028	1,337
Fiscal 2029	284
Thereafter	0
Total lease payments	16,679
Less: Interest	1,249
Present value of lease liabilities	15,430	$ 19,865
Total
Fiscal 2025	201,901
Fiscal 2026	147,743
Fiscal 2027	129,484
Fiscal 2028	96,967
Fiscal 2029	77,835
Thereafter	183,191
Total lease payments	837,121
Less: Interest	112,848
Total lease liabilities	724,273	$ 718,293
Non-Related Parties
Operating Leases
Fiscal 2025	187,362
Fiscal 2026	134,829
Fiscal 2027	118,529
Fiscal 2028	87,931
Fiscal 2029	69,087
Thereafter	170,866
Total lease payments	768,604
Less: Interest	101,047
Present value of lease liabilities	667,557
Related Party
Operating Leases
Fiscal 2025	8,337
Fiscal 2026	7,228
Fiscal 2027	7,785
Fiscal 2028	7,699
Fiscal 2029	8,464
Thereafter	12,325
Total lease payments	51,838
Less: Interest	10,552
Present value of lease liabilities	$ 41,286

Accounts Receivable (Tables)

12 Months Ended

Feb. 03, 2024

Receivables [Abstract]

Schedule of accounts receivable

Accounts receivable is summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Trade	$	305,900	$	306,737
Royalty	9,334		37,521
Other	6,711		6,235
	321,945		350,493

Less allowances	7,176		8,554




	$	314,769	$	341,939

Lease Accounting - Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Assets
Operating	$ 667,031	$ 636,148
Finance	15,132	19,055
Total lease assets	682,163	655,203
Current:
Operating	166,451	170,192
Finance	5,573	6,684
Noncurrent:
Operating	542,392	528,236
Finance	9,857	13,181
Total lease liabilities	$ 724,273	$ 718,293
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net	Property and equipment, net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of borrowings and finance lease obligations	Current portion of borrowings and finance lease obligations
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt and finance lease obligations	Long-term debt and finance lease obligations

Property and Equipment

12 Months Ended

Feb. 03, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment is summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Land, buildings and improvements	$	50,934	$	51,017
Leasehold improvements	351,031		353,106
Furniture, fixtures and equipment	482,184		459,113
Construction in progress	11,039		14,545
Assets under finance leases	41,940		37,849
	937,128		915,630
Less accumulated depreciation and amortization	690,480		675,275
	$	246,648	$	240,355

During fiscal 2024 and fiscal 2023, the Company entered into finance and operating leases related primarily to computer hardware and software. The accumulated depreciation and amortization related to assets under finance leases was approximately $26.8 million and $18.8 million as of February 3, 2024 and January 28, 2023, respectively, and was included in depreciation expense when recognized. See Note 8 for more information regarding the related finance lease obligations.

Construction in progress represents the costs associated with the construction in progress of leasehold improvements to be used in the Company’s operations, primarily for new and remodeled stores in retail operations.

Impairment

The Company recorded asset impairment charges related to property and equipment of $6.4 million, $9.5 million and $2.4 million in fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The asset impairment charges for fiscal 2024, fiscal 2023 and fiscal 2022 related primarily to certain retail locations in Europe, North America and Asia resulting from underperformance, expected store closures and other global economic conditions.

Impairments to property and equipment are summarized as (in thousands):


	Feb 3, 2024		Jan 28, 2023
Aggregate carrying value of property and equipment impaired	$	66,703	$	44,284
Less property and equipment impairment charges	6,393		9,474
Aggregate remaining fair value of property and equipment impaired	$	60,310	$	34,810

The Company’s impairment evaluations included testing of 388 retail locations and 519 retail locations during fiscal 2024 and fiscal 2023, respectively, which were deemed to have possible impairment indicators. During fiscal 2024 and fiscal 2023, the Company concluded that 101 retail locations and 80 retail locations, respectively, were determined to be impaired, as the carrying amounts of the fixed assets exceeded their estimated fair values (determined based on discounted cash flows) at each of the respective dates. Refer to Note 1 for a description of other assumptions that management considers in estimating the future discounted cash flows. If actual results are not consistent with the assumptions and judgments used in estimating future cash flows and asset fair values, there may be additional exposure to future impairment losses that could be material to the Company’s results of operations.

Derivative Financial Instruments - Net After Tax Derivative Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
Balance at beginning of period	$ 572,751	$ 653,643	$ 565,580
Balance at end of period	734,794	572,751	653,643
Derivative Financial Instruments Designated as Cash Flow Hedges
Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
Balance at beginning of period	(1,584)	7,280	(4,876)
Net gains from changes in cash flow hedges	5,451	47	10,121
Net (gains) reclassified to earnings	(4,411)	(8,911)	2,035
Balance at end of period	$ (544)	$ (1,584)	$ 7,280

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

+ Details

Goodwill

12 Months Ended

Feb. 03, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill activity is summarized by business segment as follows (in thousands):


	Americas Retail		Americas Wholesale		Europe		Total
Goodwill balance at January 29, 2022	$	1,747	$	9,969	$	23,169	$	34,885

Foreign currency translation adjustments	(26)		(5)		(577)		(608)
Goodwill balance at January 28, 2023	1,721		9,964		22,592		34,277



Foreign currency translation adjustments	(6)		—		(171)		(177)
Goodwill balance at February 3, 2024	$	1,715	$	9,964	$	22,421	$	34,100

The Company had no accumulated impairment related to goodwill as of both February 3, 2024 and January 28, 2023.

From time-to-time, the Company may acquire certain retail locations from its wholesale partners which may result in the recognition of goodwill or other intangible assets.

Defined Benefit Plans - Changes in Project Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Balance at the beginning of the period	$ 89,733	$ 92,171
Service cost	3,731	3,008	$ 3,142
Interest cost	2,775	1,554	1,229
Actuarial (gains) losses	(5,145)	(3,655)
Contributions by plan participants	4,549	2,622
Payments	(4,128)	(5,653)
Foreign currency and other adjustments	2,475	(314)
Balance at the end of the period	93,990	89,733	92,171
SERP
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Balance at the beginning of the period	42,367	49,431
Service cost	0	0	0
Interest cost	1,862	1,333	1,155
Actuarial (gains) losses	(4,395)	(6,649)
Contributions by plan participants	0	0
Payments	(2,066)	(1,748)
Foreign currency and other adjustments	(38)	0
Balance at the end of the period	37,730	42,367	49,431
Pension Plan \| Foreign Plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Balance at the beginning of the period	47,366	42,740
Service cost	3,731	3,008	3,142
Interest cost	913	221	74
Actuarial (gains) losses	(750)	2,994
Contributions by plan participants	4,549	2,622
Payments	(2,062)	(3,905)
Foreign currency and other adjustments	2,513	(314)
Balance at the end of the period	$ 56,260	$ 47,366	$ 42,740

Defined Benefit Plans - Changes in Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Balance at beginning of period	$ 41,193
Balance at end of period	49,433	$ 41,193
Pension Plan \| Foreign Plan
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Balance at beginning of period	41,193	38,015
Actual return on plan assets	(504)	506
Contributions by employer	4,144	3,645
Contributions by plan participants	4,549	2,622
Payments	(2,062)	(3,905)
Foreign currency and other adjustments	2,113	310
Balance at end of period	$ 49,433	$ 41,193

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Fair Value Measurements - Reconciliation of Level 3 financial assets and liabilities (Details) $ in Thousands	12 Months Ended
	Feb. 03, 2024 USD ($)
Embedded Derivative
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Asset (liability), beginning balance	$ 0
Initial bifurcation of embedded derivative	(16,155)
Gain (loss) on fair value remeasurement	(235)
Asset (liability), ending balance	(16,390)
2028 Bond Hedge
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Asset (liability), beginning balance	0
Purchase of Additional 2028 Bond Hedge	16,155
Reclassification of Initial 2028 Bond Hedge	68,530
Gain (loss) on fair value remeasurement	1,233
Asset (liability), ending balance	$ 85,918

Related Party Transactions	12 Months Ended
Related Party Transactions	Feb. 03, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its subsidiaries periodically enter into transactions with certain entities (the “Marciano Entities”) that are owned by or for the respective benefit of Paul Marciano, who is an executive and member of the Board of the Company, and Maurice Marciano, who is the brother of Paul Marciano and was a member of the Board until his retirement in September 2023. Leases The Company leases warehouse and administrative facilities from certain of the Marciano Entities. There were four of these leases in effect as of February 3, 2024 with expiration or option exercise dates ranging from calendar years 2025 to 2030, including two leases with respect to the Company’s North American corporate headquarters in Los Angeles, California (the “Los Angeles Location”), a lease for the Company’s Canadian warehouse and administrative facility in Montreal, Quebec (the “Montreal Location”) and a lease for the Company’s showroom and office space in Paris, France (the “Paris Location”). In August 2023, the Company (through a wholly-owned Canadian subsidiary) entered into a three-year lease extension through August 2026 with respect to the Montreal Location. All other material terms in the previously existing lease for the Montreal Location (including base rent of approximately CAD$0.6 million ($0.4 million) per year) remain the same. Aggregate lease costs recorded under the leases for the Los Angeles Location were $7.5 million, $7.3 million and $7.0 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The Marciano Entities have a 100% ownership interest in the Los Angeles Location, with Mr. Maurice Marciano having a 56.3% ownership interest and Mr. Paul Marciano having a 43.7% ownership interest. Accordingly, Mr. Maurice Marciano’s interest in the lease amounts for the Los Angeles Location were $4.2 million, $4.1 million and $3.9 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively, and Mr. Paul Marciano’s interest in the lease amounts for the Los Angeles Location were $3.3 million, $3.2 million and $3.1 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Aggregate lease costs recorded under the lease for the Montreal Location were $0.4 million, $0.4 million and $0.5 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The Marciano Entities have a 100% ownership interest in the Montreal Location, with each of Mr. Maurice Marciano and Mr. Paul Marciano having a 50% ownership interest. Accordingly, the interests in the lease amounts for the Montreal Location for each of Mr. Maurice Marciano and Mr. Paul Marciano were $0.2 million, $0.2 million and $0.25 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Aggregate lease costs recorded under the lease for the Paris Location were $1.2 million, $1.2 million and $1.1 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The Marciano Entities have a 66.7% ownership interest in the Paris Location, with each of Mr. Maurice Marciano and Mr. Paul Marciano having a 33.3% ownership interest. Accordingly, the interests in the lease amounts for the Paris Location for each of Mr. Maurice Marciano and Mr. Paul Marciano were $0.4 million, $0.4 million and $0.4 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The Company believes that the terms of the related party leases are no less favorable to the Company than would have been available from unaffiliated third parties. Refer to Note 9 for more information on lease commitments. Aircraft Arrangements The Company periodically charters aircraft owned by certain of the Marciano Entities through informal arrangements with such Marciano Entities and independent third-party management companies contracted by such Marciano Entities to manage their aircraft. The Marciano Entities have a 100% ownership interest in the aircraft, with each of Mr. Maurice Marciano and Mr. Paul Marciano having a 50% ownership interest. The total fees paid by the Company to the independent third-party management companies under these arrangements for fiscal 2024, fiscal 2023 and fiscal 2022 were approximately $3.8 million, $3.1 million and $3.5 million, respectively. The approximate dollar value of the amount of each of Mr. Maurice Marciano’s and Mr. Paul Marciano’s interest in these transactions was $1.4 million, $1.2 million and $1.4 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The Company believes that the terms of the charter arrangements are no less favorable to the Company than would have been available from unaffiliated third parties. Minority Investment The Company has a 30% ownership interest in a privately-held men’s footwear company (the “Footwear Company”). The Marciano Entities have a 45% ownership interest in the Footwear Company, with each of Mr. Maurice Marciano and Mr. Paul Marciano having a 22.5% ownership interest. Accordingly, each of Mr. Maurice Marciano and Mr. Paul Marciano has a 22.5% interest in each of the transactions between the Company and the Footwear Company described below. In fiscal 2021, the Company provided the Footwear Company with a $2.0 million revolving credit facility at an annual interest rate of 2.75% and a maturity date of November 2023. In October 2023, the Company and the Footwear Company amended the revolving credit facility to extend the term by three years to November 30, 2026 and to adjust the interest rate, effective December 1, 2023, to a floating rate equal to the one month term SOFR plus 1.75% per annum. As of February 3, 2024 and January 28, 2023, the Company had a note receivable of $0.6 million and $0.4 million, respectively, included in other assets in its consolidated balance sheets related to outstanding borrowings by the Footwear Company under this revolving credit facility. In May 2022, the Company entered into a Fulfillment Services Agreement with the Footwear Company under which the Company provides certain fulfillment services for the Footwear Company’s U.S. wholesale and e-commerce businesses from the Company’s U.S. distribution center on a cost-plus 5% basis. The Footwear Company also pays rent to the Company for the use of a small office space in the Company’s U.S. headquarters. In June 2022, the Company (through a wholly-owned Swiss subsidiary) entered into a Distributorship Agreement with the Footwear Company under which the Company was designated as the exclusive distributor (excluding e-commerce) for the Footwear Company in the European Union and other specified countries. The Distributorship Agreement provided for (i) the Company to receive a 35% discount from the Footwear Company’s wholesale prices, (ii) no minimum sales requirements or advertising spending requirements for the Company; (iii) an initial 15 month term with annual renewals thereafter, and (iv) other standard terms and conditions for similar arrangements. In May 2023, the Distributorship Agreement was amended to (i) reflect a reduction in the amount of sales services to be performed by the Company, (ii) revise the wholesale discount to 22% and (iii) provide an annual 2% advertising commitment by the Company. During fiscal 2024, there were approximately $14,500 in fees received with respect to the U.S. fulfillment services, approximately $16,500 in fees received with respect to office rent and approximately $167,500 in amounts paid related to the distributorship arrangements. During fiscal 2023, there were less than $5,000 in fees received with respect to the U.S. fulfillment services, approximately $17,000 in fees received with respect to office rent and less than $5,000 in amounts paid related to the distributorship arrangements. Vendor Purchases The Company purchases faux fur products from a privately-held fashion accessories company (the “Fashion Company”). The Marciano Entities have a 16% ownership interest in the Fashion Company, with each of Mr. Maurice Marciano and Mr. Paul Marciano having an 8% ownership interest. In addition, Carlos Alberini, Chief Executive Officer of the Company, has a 4% ownership interest in the Fashion Company. The total payments made by the Company to the Fashion Company were approximately $3.7 million, $6.8 million and $4.5 million during fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Based on their respective ownership interests in the Fashion Company, the approximate dollar value of the amount of each individual’s interest in these transactions were approximately (i) for each of Mr. Maurice Marciano and Mr. Paul Marciano, $0.3 million, $0.5 million and $0.4 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively, and (ii) for Mr. Alberini, $0.1 million, $0.3 million and $0.2 million for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. The Company believes that the price paid by the Company for the Fashion Company’s products and the terms of the transactions between the Company and the Fashion Company have not been affected by this passive investment of Messrs. Marciano and Mr. Alberini in the Fashion Company. Vendor Collaboration During April 2023, the Company entered into a co-branding collaboration arrangement in connection with a large-scale music festival with a privately-held alcoholic beverage company (the “Beverage Company”). The Marciano Entities have a 15% ownership interest in the Beverage Company, with each of Mr. Maurice Marciano and Mr. Paul Marciano having a 7.5% ownership interest. In addition, Nicolai Marciano, the Chief New Business Development Officer of the Company and son of Mr. Paul Marciano, has a 1.4% ownership interest in the Beverage Company. Accordingly, each of Mr. Maurice Marciano and Mr. Paul Marciano has a 7.5% interest and Mr. Nicolai Marciano has a 1.4% interest in the transaction between the Company and the Beverage Company described below. The co-branding arrangement provided for (i) the Beverage Company to pay a $100,000 fee, provide certain beverage products, facilitate the acquisition of additional third-party sponsors for the event and co-brand its social media posts with the Company and (ii) the Company to engage social-media influencers to attend the event and promote both companies through social-media posts, and provide promotional travel, lodging, hospitality and other ancillary expenses for select attendees at the co-branded event.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Segment Information (Tables)

12 Months Ended

Feb. 03, 2024

Segment Reporting [Abstract]

Summary of net revenue, earnings (loss) from operations and capital expenditures by segment

Segment information is summarized as follows (in thousands):


	Year Ended
	Feb 3, 20241		Jan 28, 20231		Jan 29, 20221
Net revenue:
Europe	$	1,475,604	$	1,380,790	$	1,297,550
Americas Retail	710,908		758,100		759,117
Americas Wholesale	199,903		206,208		201,202
Asia	276,867		238,815		237,053
Licensing	113,248		103,437		96,709
Total net revenue	$	2,776,530	$	2,687,350	$	2,591,631
Earnings (loss) from operations:
Europe	$	171,726	$	159,629	$	174,860
Americas Retail	56,829		87,184		124,902
Americas Wholesale	54,403		46,266		53,731
Asia	7,897		(4,811)		(4,114)
Licensing	105,649		92,117		88,136
Total segment earnings from operations	396,504		380,385		437,515
Corporate overhead	(128,002)		(124,935)		(129,588)

Asset impairment charges2	(6,887)		(9,544)		(3,149)
Net gains on lease modifications3	1,662		2,267		259

Total earnings from operations	$	263,277	$	248,173	$	305,037
Capital expenditures:
Europe	$	38,153	$	51,265	$	47,034
Americas Retail	20,429		23,149		7,152
Americas Wholesale	600		4,039		1,024
Asia	4,616		3,932		4,337
Corporate overhead	10,409		7,118		3,974
Total capital expenditures	$	74,207	$	89,503	$	63,521

______________________________________________________________________

1The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2024 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2024.

2During fiscal 2024, fiscal 2023 and fiscal 2022, the Company recognized asset impairment charges related primarily to impairment of property and equipment for certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 for further information.

3During fiscal 2024, fiscal 2023 and fiscal 2022, the Company recorded net gains on lease modifications related primarily to the early termination of certain lease agreements. Refer to Note 1 for more information regarding the net gains on lease modifications.

Summary of net revenue and long-lived assets by country

The below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located as follows (in thousands):


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Net product sales:
U.S.	$	617,009	$	673,868	$	722,610
Italy	312,908		289,170		265,106
Germany	198,664		187,888		189,083
South Korea	171,819		140,449		126,563
Spain	161,377		150,045		137,037
Canada	158,521		175,485		150,339
Other foreign countries	1,042,984		967,008		904,184
Total product sales	2,663,282		2,583,913		2,494,922
Net royalties	113,248		103,437		96,709
Net revenue	$	2,776,530	$	2,687,350	$	2,591,631

The Company’s long-lived assets by geographic location are as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Long-lived assets:
U.S.	$	259,055	$	232,061
Italy	138,572		140,261
Germany	46,562		48,095
South Korea	14,998		8,174
Spain	104,552		107,859
Canada	28,606		17,315
Other foreign countries	380,452		378,471
Total long-lived assets	$	972,797	$	932,236

Earnings Per Share - Narrative (Details) - $ / shares	12 Months Ended
Earnings Per Share - Narrative (Details) - $ / shares	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022	Apr. 29, 2023
2024 Notes \| Senior notes
Antidilutive securities excluded from computation of earnings per share
Warrants outstanding (in shares)	2,000,000.0
Strike price of warrants (in dollars per share)	$ 44.15			$ 45.31
2028 Notes \| Senior notes
Antidilutive securities excluded from computation of earnings per share
Warrants outstanding (in shares)	13,900,000
Strike price of warrants (in dollars per share)	$ 41.37
Performance-based or market-based units
Antidilutive securities excluded from computation of earnings per share
Awards subject to performance or market conditions that were excluded from the computation of diluted weighted average common shares (in shares)	313,648	484,365	300,000
Equity Awards
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares (in shares)	787,845	1,240,937	562,876

Income Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Deferred income tax assets:
Operating lease liabilities	$ 156,689	$ 156,234
Intangible assets	77,354	95,119
Net operating losses	43,849	45,384
Goodwill amortization	34,594	2,019
Impairment basis difference	12,703	0
Convertible senior notes hedge transactions	9,666	3,919
Defined benefit plans	9,620	10,186
Deferred compensation	7,838	7,177
Inventory valuation	3,828	4,025
Deferred income	3,614	5,076
Sales return and other reserves	1,691	1,615
Accrued bonus	1,581	1,046
Excess of financial accounting over tax depreciation/amortization	1,454	649
Account receivable reserve	1,386	1,454
Lease incentives	1,233	1,438
Uniform capitalization	840	919
Other, net	18,200	13,449
Total deferred income tax assets	386,140	349,709
Deferred income tax liabilities:
Operating right-of-use assets	(151,871)	(146,243)
Convertible senior notes debt discount	(128)	0
Valuation allowances	(55,231)	(45,063)
Net deferred income tax assets	$ 178,910	$ 158,403

New Accounting Guidance (Details)	May 01, 2023	Jan. 28, 2017
Interest rate swap \| Cash flow hedges \| Derivatives designated as hedging instruments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixed rate of interest rate swap derivative (as a percent)	3.14%	3.06%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147477123/405-50-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
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-Paragraph 5
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Paragraph 6
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Paragraph 6
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+ Details

Segment Information

12 Months Ended

Feb. 03, 2024

Segment Reporting [Abstract]

Segment Information

The Company’s reportable business segments and respective accounting policies of the segments are the same as those described in Note 1. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, asset impairment charges, net gains (losses) from lease modifications, restructuring charges and certain non-recurring credits (charges), if any. Corporate overhead, asset impairment charges, net gains (losses) from lease modifications, interest income, interest expense and other income (expense) are evaluated on a consolidated basis and not allocated to the Company’s business segments. The Company does not evaluate performance or allocate resources based on segment asset data, and therefore total segment assets are not presented.

Segment information is summarized as follows (in thousands):


	Year Ended
	Feb 3, 20241		Jan 28, 20231		Jan 29, 20221
Net revenue:
Europe	$	1,475,604	$	1,380,790	$	1,297,550
Americas Retail	710,908		758,100		759,117
Americas Wholesale	199,903		206,208		201,202
Asia	276,867		238,815		237,053
Licensing	113,248		103,437		96,709
Total net revenue	$	2,776,530	$	2,687,350	$	2,591,631
Earnings (loss) from operations:
Europe	$	171,726	$	159,629	$	174,860
Americas Retail	56,829		87,184		124,902
Americas Wholesale	54,403		46,266		53,731
Asia	7,897		(4,811)		(4,114)
Licensing	105,649		92,117		88,136
Total segment earnings from operations	396,504		380,385		437,515
Corporate overhead	(128,002)		(124,935)		(129,588)

Asset impairment charges2	(6,887)		(9,544)		(3,149)
Net gains on lease modifications3	1,662		2,267		259

Total earnings from operations	$	263,277	$	248,173	$	305,037
Capital expenditures:
Europe	$	38,153	$	51,265	$	47,034
Americas Retail	20,429		23,149		7,152
Americas Wholesale	600		4,039		1,024
Asia	4,616		3,932		4,337
Corporate overhead	10,409		7,118		3,974
Total capital expenditures	$	74,207	$	89,503	$	63,521

______________________________________________________________________


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Net product sales:
U.S.	$	617,009	$	673,868	$	722,610
Italy	312,908		289,170		265,106
Germany	198,664		187,888		189,083
South Korea	171,819		140,449		126,563
Spain	161,377		150,045		137,037
Canada	158,521		175,485		150,339
Other foreign countries	1,042,984		967,008		904,184
Total product sales	2,663,282		2,583,913		2,494,922
Net royalties	113,248		103,437		96,709
Net revenue	$	2,776,530	$	2,687,350	$	2,591,631

The Company’s long-lived assets by geographic location are as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Long-lived assets:
U.S.	$	259,055	$	232,061
Italy	138,572		140,261
Germany	46,562		48,095
South Korea	14,998		8,174
Spain	104,552		107,859
Canada	28,606		17,315
Other foreign countries	380,452		378,471
Total long-lived assets	$	972,797	$	932,236

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Feb. 03, 2024

Payables and Accruals [Abstract]

Summary of accrued expenses and other current liabilities

Accrued expenses and other current liabilities are summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Other accrued compensation and benefits	$	43,020	$	35,522
Accrued payroll and related taxes	40,164		37,585
Allowance for sales returns	34,206		35,670
Sales and use taxes, property taxes and other indirect taxes	30,390		32,154
Income taxes	20,825		19,049
Deferred royalties and other revenue	14,193		12,719
Allowance for markdowns	12,932		17,530
Professional and legal fees	10,967		9,643
Loyalty programs	6,788		6,138
Construction costs	7,880		9,033
Derivative liabilities	1,703		14,665




Other	40,379		33,330
	$	263,447	$	263,038

Fair Value Measurements - Narrative (Details) € in Millions, $ in Millions	12 Months Ended
	Feb. 03, 2024 USD ($)	Feb. 03, 2024 EUR (€)	Jan. 28, 2023 USD ($)	Jan. 28, 2023 EUR (€)	Jan. 29, 2022 USD ($)	Jan. 29, 2022 EUR (€)	Feb. 03, 2024 EUR (€)	Jan. 31, 2024 USD ($)	Jan. 28, 2023 EUR (€)
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Alternative Investment, Type [Extensible Enumeration]	Private Equity Funds [Member]		Private Equity Funds [Member]				Private Equity Funds [Member]		Private Equity Funds [Member]
Fair value of embedded derivative	$ (16.4)							$ (16.2)
Volatility increase to 40%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of embedded derivative	(20.9)
Volatility decrease to 20%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of embedded derivative	(11.7)
Credit spread increase to 5.3%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of embedded derivative	(17.0)
Credit spread decrease to 3.3%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of embedded derivative	(15.7)
2028 Bond Hedge
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of derivative asset	85.9							$ 84.7
2028 Bond Hedge \| Volatility increase to 40%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of derivative asset	109.5
2028 Bond Hedge \| Volatility decrease to 20%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of derivative asset	61.4
2028 Bond Hedge \| Credit spread increase to 5.3%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of derivative asset	89.3
2028 Bond Hedge \| Credit spread decrease to 3.3%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Fair value of derivative asset	82.3
Fair Value Measured at Net Asset Value Per Share
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Payments to acquire investment in private equity fund	5.6	€ 5.0	$ 0.1	€ 0.1
Unfunded commitment to invest in private equity fund	5.6						€ 5.2
Fair Value Measured at Net Asset Value Per Share \| Other income/ expense
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Unrealized gains (losses) on investments	(0.1)	(0.1)	0.0	€ 0.0	$ 0.1	€ 0.1
Realized gain on investments	4.8	€ 4.4
Fair Value Measured at Net Asset Value Per Share \| Other assets
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Alternative investment	$ 7.7		$ 4.0				€ 7.1		€ 3.7
Level 3 \| Expected volatility
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Derivative asset (liability) net, measurement input	0.30						0.30
Level 3 \| Expected volatility \| Volatility increase to 40%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Derivative asset (liability) net, measurement input	0.40						0.40
Level 3 \| Expected volatility \| Volatility decrease to 20%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Derivative asset (liability) net, measurement input	0.20						0.20
Level 3 \| Credit spread
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Derivative asset (liability) net, measurement input	0.043						0.043
Level 3 \| Credit spread \| Credit spread increase to 5.3%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Derivative asset (liability) net, measurement input	0.053						0.053
Level 3 \| Credit spread \| Credit spread decrease to 3.3%
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Derivative asset (liability) net, measurement input	0.033						0.033

Description of the Business and Summary of Significant Accounting Policies and Practices (Policies)

12 Months Ended

Feb. 03, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reclassifications

Fiscal Year

Principles of Consolidation

Use of Estimates

Business Segment Reporting

Revenue Recognition

Products Transferred at a Point in Time

Sales Return Allowances

Markdown Allowances

Gift Cards

Loyalty Programs

Intellectual Property Transferred Over Time

Classification of Certain Costs and Expenses

Advertising and Marketing Costs

The Company expenses the cost of advertising as incurred.

Share-Based Compensation

Foreign Currency

Foreign Currency Translation Adjustment

Foreign Currency Transaction Gains and Losses

Derivatives

Foreign Exchange Currency Contracts

The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations.

Interest Rate Swap Agreements

Equity-Linked Instrument

measured at fair value with changes in fair value recorded in earnings (loss). Changes in fair value of these derivative assets are reported in net earnings (loss) as part of other income (expense).

Income Taxes

Earnings (Loss) Per Share

Comprehensive Income (Loss)

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.

Investment Securities

Concentration of Credit, Sourcing and Liquidity Risk

Concentrations of Credit, Sourcing and Liquidity Risk

appropriate.

Inventories

Depreciation and Amortization

Depreciation and amortization of property and equipment are provided using the straight-line method over the following useful lives:


Building and building improvements			10 to 39 years
Furniture, fixtures and equipment			2 to 10 years

Leases

Long-Lived Assets

other long-lived assets. These nonrecurring fair value measurements are considered Level 3 inputs as defined in Note 20.

Goodwill

Other Assets

Defined Benefit Plans

Litigation Reserves

Convertible Senior Notes

On January 30, 2022, the Company adopted the authoritative guidance which simplifies the accounting for convertible instruments and contracts in an entity’s own equity using the modified retrospective method. Following adoption, the equity component was eliminated and recorded as an adjustment to retained earnings. In addition, the Company derecognized the remaining unamortized debt discount on the 2024 Notes. Debt issuance costs were recorded as a contra-liability and are presented net against the 2024 Notes balance on the Company’s consolidated balance sheets. These costs are amortized to interest expense using the effective interest method over the term of the 2024 Notes.

The Company’s accounting policy is to present the embedded derivative on the same line item as the host instrument. The embedded derivative is required to be remeasured each reporting period with changes in fair value recorded in earnings. Changes in fair value of the embedded derivative are reported in net earnings (loss) as part of other income (expense).

New Accounting Guidance

Recently Issued Accounting Guidance

Reference Rate Reform

The Financial Accounting Standards Board (“FASB”) issued guidance to provide temporary optional expedients to ease the potential burden in accounting for reference rate reform. This guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to certain criteria, referencing the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. The FASB issued subsequent amendments to further clarify the scope of optional expedients and exceptions to derivatives affected by the transition. The guidance is intended to help stakeholders during the global market-wide reference rate transition period.

The Company identified and modified its loans and other financial instruments with attributes directly or indirectly influenced by LIBOR. The Company determined, of its current LIBOR references as outlined in Note 8 Borrowings and Finance Lease Obligations, Note 20, Fair Value Measurements, and Note 21, Derivative Financial Instruments, only the obligations under Mortgage Debt, Credit Facilities, and Interest Rate Swap Agreements were impacted by this guidance. In May 2023, the Company amended the terms of the Mortgage Debt for the interest rate to be based on Secured Overnight Financing Rate (“SOFR”) effective May 1, 2023. The Company also amended its existing interest rate swap agreement, resulting in a swap fixed rate of approximately 3.14%. As of February 3, 2024, the Company does not have any financial instruments with attributes directly or indirectly influenced by LIBOR.

Common Control Arrangements

In March 2023, the FASB issued authoritative guidance to amend certain provisions of Accounting Standards Codification 842 that apply to arrangements between related parties under common control. The amendment requires leasehold improvements associated with common control leases to be amortized over the useful life to the common control group, and requires certain disclosures when the lease term is shorter than the useful life of the asset. This Accounting Standards Update (“ASU”) is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently evaluating the effect of adopting this new accounting guidance.

Joint Venture Formations

In August 2023, the FASB issued authoritative guidance regarding the initial measurement of joint ventures. Upon formation, a joint venture is required to recognize and initially measure its assets and liabilities at fair value. The new guidance is applicable to joint ventures with a formation date on or after January 1, 2025. The Company will apply this guidance in future reporting periods, after the guidance is effective, to any future arrangements that meet the definition of a joint venture.

Segment Reporting

In November 2023, the FASB issued authoritative guidance which modifies the disclosure requirements of reportable segments. This guidance is designed to improve reportable segment disclosure requirements, primarily through enhanced disclosures of significant segment expenses. This ASU is effective for fiscal years beginning after December 15, 2023, and for interim periods beginning after December 15, 2024. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements.

Income Tax Disclosures

In December 2023, the FASB issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures. The additional disclosures required by this update are related to the effective tax rate reconciliation and income taxes paid by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements.

Inventories (Tables)

12 Months Ended

Feb. 03, 2024

Inventory Disclosure [Abstract]

Schedule of inventories

Inventories consist of the following (in thousands):


	Feb 3, 2024		Jan 28, 2023
Raw materials	$	1,488	$	1,807
Work in progress	3		3
Finished goods	464,806		509,089
	$	466,297	$	510,899

Defined Benefit Plans - Net Periodic Defined Benefit Cost, Amounts in Accumulated Other Comprehensive Income (Loss) and Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 03, 2024	Jan. 28, 2023	Jan. 29, 2022
Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)
Service cost	$ 3,731	$ 3,008	$ 3,142
Interest cost	2,775	1,554	1,229
Expected return on plan assets	(809)	(271)	(206)
Net amortization of unrecognized prior service credit	(160)	(90)	(67)
Net amortization of actuarial loss	256	615	420
Net periodic defined benefit pension cost	5,793	4,816	4,518
Unrecognized prior service credit charged to comprehensive income (loss)	(160)	(90)	(67)
Unrecognized net actuarial loss charged to comprehensive income (loss)	256	615	420
Net actuarial gain (loss)	3,825	3,890	2,805
Foreign currency and other adjustments	(361)	627	340
Related tax impact	$ (590)	$ (1,395)	$ (637)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest
Amounts not yet recognized in net periodic defined benefit pension cost, included in accumulated other comprehensive income (loss), before tax
Unrecognized prior service credit	$ (67)	$ (815)
Unrecognized net actuarial (gain) loss	(1,807)	4,165
Total included in AOCL	(1,874)	3,350
Funded status and the amounts recognized in the Company's consolidated balance sheets
Projected benefit obligation	(93,990)	(89,733)	$ (92,171)
Plan assets at fair value	49,433	41,193
Net liability	(44,557)	(48,540)
SERP
Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)
Service cost	0	0	0
Interest cost	1,862	1,333	1,155
Expected return on plan assets	0	0	0
Net amortization of unrecognized prior service credit	0	0	0
Net amortization of actuarial loss	0	17	81
Net periodic defined benefit pension cost	1,862	1,350	1,236
Amounts not yet recognized in net periodic defined benefit pension cost, included in accumulated other comprehensive income (loss), before tax
Unrecognized prior service credit	0	0
Unrecognized net actuarial (gain) loss	(6,544)	(2,118)
Total included in AOCL	(6,544)	(2,118)
Funded status and the amounts recognized in the Company's consolidated balance sheets
Projected benefit obligation	(37,730)	(42,367)	(49,431)
Plan assets at fair value	0	0
Net liability	(37,730)	(42,367)
Pension Plans \| Foreign Plan
Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)
Service cost	3,731	3,008	3,142
Interest cost	913	221	74
Expected return on plan assets	(809)	(271)	(206)
Net amortization of unrecognized prior service credit	(160)	(90)	(67)
Net amortization of actuarial loss	256	598	339
Net periodic defined benefit pension cost	3,931	3,466	3,282
Amounts not yet recognized in net periodic defined benefit pension cost, included in accumulated other comprehensive income (loss), before tax
Unrecognized prior service credit	(67)	(815)
Unrecognized net actuarial (gain) loss	4,737	6,283
Total included in AOCL	4,670	5,468
Funded status and the amounts recognized in the Company's consolidated balance sheets
Projected benefit obligation	(56,260)	(47,366)	(42,740)
Plan assets at fair value	49,433	41,193	38,015
Net liability	(6,827)	(6,173)
Defined Benefit Plans
Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)
Unrecognized prior service credit charged to comprehensive income (loss)	(160)	(90)	(67)
Unrecognized net actuarial loss charged to comprehensive income (loss)	256	615	420
Net actuarial gain (loss)	3,825	3,890	2,805
Foreign currency and other adjustments	(361)	627	340
Related tax impact	(590)	(1,395)	(637)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	2,970	3,647	2,861
Defined Benefit Plans \| SERP
Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)
Unrecognized prior service credit charged to comprehensive income (loss)	0	0	0
Unrecognized net actuarial loss charged to comprehensive income (loss)	0	17	81
Net actuarial gain (loss)	4,388	6,649	2,067
Foreign currency and other adjustments	0	0	0
Related tax impact	(1,014)	(1,547)	(496)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	3,374	5,119	1,652
Defined Benefit Plans \| Pension Plans \| Foreign Plan
Components of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)
Unrecognized prior service credit charged to comprehensive income (loss)	(160)	(90)	(67)
Unrecognized net actuarial loss charged to comprehensive income (loss)	256	598	339
Net actuarial gain (loss)	(563)	(2,759)	738
Foreign currency and other adjustments	(361)	627	340
Related tax impact	424	152	(141)
Total periodic defined benefit pension cost and other charges to OCL and AOCL	$ (404)	$ (1,472)	$ 1,209

Accrued Expenses and Other Current Liabilities

12 Months Ended

Feb. 03, 2024

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities are summarized as follows (in thousands):


	Feb 3, 2024		Jan 28, 2023
Other accrued compensation and benefits	$	43,020	$	35,522
Accrued payroll and related taxes	40,164		37,585
Allowance for sales returns	34,206		35,670
Sales and use taxes, property taxes and other indirect taxes	30,390		32,154
Income taxes	20,825		19,049
Deferred royalties and other revenue	14,193		12,719
Allowance for markdowns	12,932		17,530
Professional and legal fees	10,967		9,643
Loyalty programs	6,788		6,138
Construction costs	7,880		9,033
Derivative liabilities	1,703		14,665




Other	40,379		33,330
	$	263,447	$	263,038