On November 4, 2025, the Company announced the Board of Directors approved a three-year share repurchase program of up to $1.0 billion of its outstanding ordinary shares, which was implemented during the fourth quarter of Fiscal 2026. Share repurchases may be made in open market or privately negotiated transactions and/or pursuant to Rule 10b5-1 trading plans, subject to market conditions, applicable legal requirements, trading restrictions under the Company’s insider trading policy and other relevant factors. The program may be suspended or discontinued at any time.

During the three months ended June 27, 2026, the Company repurchased 2,589,502 shares through open market transactions with a fair value of $50 million as part of this program. As of June 27, 2026, the remaining availability under this share repurchase program was $871 million. No share repurchase program was in effect during the three months ended June 28, 2025.

The Company also has in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain employees and directors to satisfy minimum tax withholding obligations relating to the vesting of their restricted share awards. During the three months ended June 27, 2026 and June 28, 2025, the Company withheld 182,606 shares and 86,365 shares, respectively, with a fair value of $4 million and $1 million, respectively, in satisfaction of minimum tax withholding obligations relating to the vesting of restricted share awards.

The following table details changes in the components of accumulated other comprehensive loss, net of taxes, for the three months ended June 27, 2026 and June 28, 2025, respectively (in millions):


	Foreign Currency Translation Adjustments (1)		Net Gain (Loss) on Derivatives (2)		Other Comprehensive (Loss) Income Attributable to Capri
Balance at March 28, 2026	$	(324)	$	1	$	(323)

Other comprehensive income before reclassifications	28		1		29
Reclassified from AOCI to earnings	—		1		1
Other comprehensive income, net of tax	28		2		30
Balance at June 27, 2026	$	(296)	$	3	$	(293)

Balance at March 29, 2025	$	67	$	(10)	$	57
Other comprehensive loss before reclassifications	(451)		(4)		(455)
Reclassified from AOCI to earnings	—		2		2
Other comprehensive loss, net of tax	(451)		(2)		(453)
Balance at June 28, 2025	$	(384)	$	(12)	$	(396)

(1)Foreign currency translation adjustments for the three months ended June 27, 2026 primarily include a $31 million gain, net of taxes of $8 million, relating to the Company’s net investment hedges, as well as a net $5 million translation gain. Foreign currency translation adjustments for the three months ended June 28, 2025 primarily include a $437 million loss, net of taxes of $148 million, relating to the Company’s net investment hedges, as well as a net $14 million translation loss.

(2)Other comprehensive gain (loss) before reclassifications for both the three months ended June 27, 2026 and June 28, 2025 primarily relate to the Company’s foreign currency exchange contracts for inventory purchases. Reclassifications from AOCI into earnings for the three months ended June 27, 2026 were $1 million, net of immaterial taxes, related to the Company’s forward foreign currency exchange contracts for inventory purchases. Reclassifications from AOCI into earnings for three months ended June 28, 2025 were $2 million, net of taxes, related to the Company’s terminated interest rate swaps.