v3.26.1
Segment Information
 3 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Information Segment 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 and Capri transformation costs. In addition, certain other costs are not allocated to segments, including 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):
Three Months Ended
June 27,
2026		June 28,
2025
Total revenue:
Michael Kors$590 $635 
Jimmy Choo179 162 
Total revenue$769 $797 
Cost of goods sold:
Michael Kors$213 $247 
Jimmy Choo56 48 
Total cost of goods sold$269 $295 
Selling, general and administrative expenses:
Michael Kors$304 $307 
Jimmy Choo104 103 
Corporate43 45 
Total selling, general and administrative expenses$451 $455 
Depreciation and amortization:
Michael Kors$18 $18 
Jimmy Choo6 7 
Corporate5 5 
Total depreciation and amortization$29 $30 
Income from continuing operations:
Michael Kors$55 $63 
Jimmy Choo13 4 
68 67 
Less:Corporate expenses(48)(50)
Restructuring and other expense(3)(1)
Income from continuing operations$17 $16 
Total revenue (based on country of origin) by geographic location are as follows (in millions):
Three Months Ended
June 27,
2026		June 28,
2025
Revenue:
The Americas (1)
$430 $459 
EMEA224 228 
Asia115 110 
Total revenue$769 $797 
(1)Total revenue earned in the U.S. was $389 million and $418 million, respectively, for the three months ended June 27, 2026 and June 28, 2025.
Total long-lived assets of the Company’s reportable segments are as follows (in millions):
As of
June 27,
2026		March 28,
2026
Long-lived assets:
Michael Kors$1,196 $1,198 
Jimmy Choo572 589 
Total long-lived assets$1,768 $1,787