v3.26.3
Segment Information
 6 Months Ended
Sep. 26, 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”), 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 EMEA, to specialty stores and travel retail shops in the Americas, Europe and Asia, and to its geographic licensees in certain parts of EMEA, Asia and Brazil. 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, as well as through geographic licensing arrangements, which allow third parties to use the Michael Kors tradename in connection with the retail and/or wholesale sales of the Company’s Michael Kors branded products in specific geographic regions.
•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. The Company also sells Jimmy Choo products directly to department stores and specialty stores worldwide and to its geographic licensees. In addition, revenue is generated through product and geographic licensing arrangements, 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, as well as through geographic licensing arrangements, which allow third parties to use the Jimmy Choo tradename in connection with the retail and/or wholesale sales of the Company’s Jimmy Choo branded products in specific geographic regions.
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 impairment charges and 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 EndedSix Months Ended
September 26,
2026		September 27,
2025		September 26,
2026		September 27,
2025
Total revenue:
Michael Kors$663 $725 $1,253 $1,360 
Jimmy Choo146 131 325 293 
Total revenue$809 $856 $1,578 $1,653 
Cost of goods sold:
Michael Kors$255 $295 $468 $542 
Jimmy Choo42 39 98 87 
Total cost of goods sold$297 $334 $566 $629 
Selling, general and administrative expenses:
Michael Kors$322 $339 $626 $646 
Jimmy Choo95 94 199 197 
Corporate42 48 85 93 
Total selling, general and administrative expenses$459 $481 $910 $936 
Depreciation and amortization:
Michael Kors$18 $18 $36 $36 
Jimmy Choo7 7 13 14 
Corporate5 5 10 10 
Total depreciation and amortization$30 $30 $59 $60 
Income (loss) from continuing operations:
Michael Kors$68 $73 $123 $136 
Jimmy Choo2 (9)15 (5)
70 64 138 131 
Less:Corporate expenses(47)(53)(95)(103)
Impairment of assets (1)
(12)(21)(12)(21)
Restructuring and other expense(1)(2)(4)(3)
Income (loss) from continuing operations$10 $(12)$27 $4 
(1)Impairment of assets during the three and six months ended September 26, 2026 and September 27, 2025 primarily relate to operating lease right-of-use assets at certain Michael Kors store locations.
Total revenue (based on country of origin) by geographic location are as follows (in millions):
Three Months EndedSix Months Ended
September 26,
2026		September 27,
2025		September 26,
2026		September 27,
2025
Revenue:
The Americas (1)
$447 $491 $877 $950 
EMEA261 261 485 489 
Asia101 104 216 214 
Total revenue$809 $856 $1,578 $1,653 
(1)Total revenue earned in the U.S. was $403 million and $792 million, respectively, for the three and six months ended September 26, 2026. Total revenue earned in the U.S. was $442 million and $860 million, respectively, for the three and six months ended September 27, 2025.
Total long-lived assets of the Company’s reportable segments are as follows (in millions):
As of
September 26,
2026		March 28,
2026
Long-lived assets:
Michael Kors$1,175 $1,198 
Jimmy Choo571 589 
Total long-lived assets$1,746 $1,787