Segment Information (Tables)
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12 Months Ended |
Mar. 28, 2026 |
| Segment Reporting [Abstract] |
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| 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 Choo | 600 | | | 605 | | | 618 | | | Total revenue | $ | 3,474 | | | $ | 3,621 | | | $ | 4,140 | | | | | | | | | | Cost of goods sold: | | | | | | | Michael Kors | $ | 1,120 | | | $ | 1,170 | | | $ | 1,333 | | | Jimmy Choo | 191 | | | 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 Choo | 403 | | | 393 | | | 394 | | | Corporate | 191 | | | 179 | | | 265 | | | Total selling, general and administrative expenses | $ | 1,964 | | | $ | 1,998 | | | $ | 2,132 | | | | | | | | | | Depreciation and amortization: | | | | | | | Michael Kors | $ | 72 | | | $ | 79 | | | $ | 82 | | | Jimmy Choo | 28 | | | 29 | | | 29 | | | Corporate | 21 | | | 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.
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| 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 | | | EMEA | 1,003 | | | 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.
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| 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 Choo | 589 | | | 603 | | | 640 | | | Total long-lived assets | $ | 1,787 | | | $ | 1,800 | | | $ | 2,025 | |
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| 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% | | Footwear | 853 | | | 24.6% | | 888 | | | 24.5% | | 982 | | | 23.7% | | Apparel | 446 | | | 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.
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