v3.26.1
Segment Information (Tables)
12 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Schedule of Key Performance Information of Reportable Segments
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)
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.
Schedule of Total Revenue by Geographic Location
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.
Schedule of Total Long-Lived Assets by Reportable Segments
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 
Schedule of Net Revenues by Major Product Category
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.