v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Jun. 27, 2026
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of June 27, 2026 and March 28, 2026 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
June 27,
2026		March 28,
2026
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents$114 $135 
Restricted cash included within prepaid expenses and other current assets11 10 
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows from continuing operations$125 $145 
Schedule of Restrictions on Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of June 27, 2026 and March 28, 2026 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
June 27,
2026		March 28,
2026
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents$114 $135 
Restricted cash included within prepaid expenses and other current assets11 10 
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows from continuing operations$125 $145 
Schedule of Supplemental Cash Flow Information Related to Leases
The following table presents the Company’s supplemental cash flow information related to leases (in millions):
Three Months Ended
June 27,
2026		June 28,
2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases
$78 $85 
Schedule of Components of Calculation of Basic Net Income (Loss) Per Ordinary Share and Diluted Net Income (Loss) Per Ordinary Share
The components of the calculation of basic net income (loss) per ordinary share and diluted net income (loss) per ordinary share are as follows (in millions, except share and per share data):
Three Months Ended
June 27,
2026		June 28,
2025
Numerator:
Net income from continuing operations$70 $56 
Less: Net income attributable to noncontrolling interest from continuing operations1 — 
Net income attributable to Capri from continuing operations$69 $56 
Net loss from discontinued operations, net of tax$— $(3)
Less: Net income attributable to noncontrolling interest from discontinued operations— — 
Net income (loss) attributable to Capri from discontinued operations— (3)
Net income attributable to Capri$69 $53 
Denominator:
Basic weighted average shares115,424,288 118,799,819 
Weighted average dilutive share equivalents:
Restricted stock units and performance restricted stock units614,938 307,844 
Diluted weighted average shares116,039,226 119,107,663 
Net income (loss) per ordinary share attributable to Capri:
Basic from continuing operations$0.60 $0.47 
Basic from discontinued operations— (0.03)
Basic per ordinary share (1)
$0.60 $0.44 
Diluted from continuing operations$0.60 $0.47 
Diluted from discontinued operations— (0.03)
Diluted per ordinary share (1)
$0.60 $0.44 
(1)Basic and diluted per share amounts are calculated using unrounded numbers.