v3.26.1
Segment Information
 12 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
On April 10, 2025, the Company and Prada entered into the Purchase Agreement whereby Prada agreed to acquire certain subsidiaries of the Company which operate the Company’s Versace business. Accordingly, the Company determined that the held for sale and discontinued operations criteria were met and the Company has classified the results of operations and cash flows of its Versace business as discontinued operations in its consolidated statements of operations and comprehensive (loss) income and consolidated statements of cash flows for all periods presented. On December 2, 2025, the Company completed the sale of its Versace business to Prada. The related assets and liabilities associated with the discontinued operations are classified as held for sale in the consolidated balance sheet as of March 29, 2025. Accordingly, the Versace business has been excluded from the segment information herein for all periods presented. Refer to Note 4 - “Discontinued Operations” for further information.

The Company operates its business through two operating segments — Michael Kors and Jimmy Choo, which are based on its business activities and organization. The reportable segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Company’s chief operating decision maker (“CODM”), who is the Company’s Chairman and Chief Executive Officer, in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are revenue and operating income for each segment. The Company’s reportable segments represent components of the business that offer similar merchandise, customer experience and sales/marketing strategies.
The Company’s two reportable segments are as follows:
•Michael Kors — segment includes revenue generated through the sale of Michael Kors products through four primary Michael Kors retail formats: “Collection” stores, “Lifestyle” stores (including concessions), outlet stores and e-commerce sites, through which the Company sells Michael Kors products, as well as licensed products bearing the Michael Kors name, directly to consumers throughout the Americas, certain parts of EMEA and certain parts of Asia. The Company also sells Michael Kors products directly to department stores, primarily located across the Americas and Europe, to specialty stores and travel retail shops, and to its geographic licensees. In addition, revenue is generated through product and geographic licensing arrangements, which allow third parties to use the Michael Kors brand name and trademarks in connection with the manufacturing and sale of products, including watches, jewelry, fragrances and eyewear.
•Jimmy Choo — segment includes revenue generated through the sale of Jimmy Choo luxury footwear, handbags and small leather goods through directly operated Jimmy Choo retail and outlet stores throughout the Americas, certain parts of EMEA and certain parts of Asia, and through its e-commerce sites. In addition, revenue is generated through wholesale sales of luxury goods to distribution partners (including geographic licensing arrangements that allow third parties to use the Jimmy Choo trademarks in connection with retail and/or wholesale sales of Jimmy Choo branded products in specific geographic regions), department stores and specialty stores worldwide, as well as through product licensing agreements, which allow third parties to use the Jimmy Choo brand name and trademarks in connection with the manufacturing and sale of products, including fragrances and eyewear.
In addition to these reportable segments, the Company has certain corporate costs that are not directly attributable to its brands and, therefore, are not allocated to its segments. Such costs primarily include certain administrative, corporate occupancy, shared service and information technology systems expenses, including enterprise resource planning system implementation costs and Capri transformation program costs. In addition, certain other costs are not allocated to segments, including Tapestry related transaction income (expense), impairment charges and restructuring and other expense. The segment structure is consistent with how the Company’s CODM plans and allocates resources, manages the business and assesses performance. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.
The following table presents the key performance information of the Company’s reportable segments (in millions):
 Fiscal Years Ended
 March 28,
2026		March 29,
2025		March 30,
2024
Total revenue:
Michael Kors$2,874 $3,016 $3,522 
Jimmy Choo600 605 618 
Total revenue$3,474 $3,621 $4,140 
Cost of goods sold:
Michael Kors$1,120 $1,170 $1,333 
Jimmy Choo191 200 192 
Total cost of goods sold$1,311 $1,370 $1,525 
Selling, general and administrative expenses:
Michael Kors$1,370 $1,426 $1,473 
Jimmy Choo403 393 394 
Corporate191 179 265 
Total selling, general and administrative expenses$1,964 $1,998 $2,132 
Depreciation and amortization:
Michael Kors$72 $79 $82 
Jimmy Choo28 29 29 
Corporate21 24 21 
Total depreciation and amortization$121 $132 $132 
Income (loss) from continuing operations:
Michael Kors$312 $341 $634 
Jimmy Choo(22)(17)3 
290 324 637 
Less:Corporate expenses(212)(217)(266)
Impairment of assets (1)
(40)(142)(292)
Tapestry related transaction income (expense)— 14 (20)
Restructuring and other expense (2)
(15)(5)— 
Income (loss) from continuing operations$23 $(26)$59 
(1)Impairment of assets during Fiscal 2026 includes $35 million and $5 million of impairment charges related to the Michael Kors and Jimmy Choo reportable segments, respectively. Impairment of assets during Fiscal 2025 includes $92 million and $50 million of impairment charges related to the Jimmy Choo and Michael Kors reportable segments, respectively. Impairment of assets during Fiscal 2024 includes $267 million and $25 million of impairment charges related to the Jimmy Choo and Michael Kors reportable segments, respectively.
(2)Refer to Note 12 - “Restructuring and Other Charges” for details on the Company's restructuring program.
Total revenue (based on country of origin) by geographic location are as follows (in millions):
 Fiscal Years Ended
 March 28,
2026		March 29,
2025		March 30,
2024
Revenue:
The Americas (1)
$2,029 $2,219 $2,474 
EMEA1,003 952 1,057 
Asia 442 450 609 
Total revenue$3,474 $3,621 $4,140 
(1)Net revenues earned in the United States during Fiscal 2026, Fiscal 2025 and Fiscal 2024 were $1.836 billion, $2.023 billion and $2.255 billion, respectively.
Total long-lived assets of the Company’s reportable segments are as follows (in millions):
 As of
March 28,
2026		March 29,
2025		March 30,
2024
Long-lived assets:
Michael Kors$1,198 $1,197 $1,385 
Jimmy Choo589 603 640 
Total long-lived assets$1,787 $1,800 $2,025 
Refer to Note 10 - “Intangible Assets and Goodwill” for the Company’s goodwill by reportable segment.
Total revenue by major product category are as follows (dollars in millions):
 Fiscal Years Ended
 March 28,
2026		% of
Total		March 29,
2025		% of
Total		March 30,
2024		% of
Total
Accessories$1,936 55.8%$2,007 55.4%$2,365 57.1%
Footwear853 24.6%888 24.5%982 23.7%
Apparel446 12.8%484 13.4%540 13.0%
Other (1)
239 6.8%242 6.7%253 6.2%
Total revenue$3,474 $3,621 $4,140 
(1)Includes licensed product such as watches, jewelry, eyewear, fragrances and licensing revenue.