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Segment Information
6 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The Company has three reportable segments:
Coach - Includes global sales of Coach products to customers through Coach operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers and through independent third party distributors.
Kate Spade - Includes global sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers, and through independent third party distributors.
Stuart Weitzman - Includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, sales to wholesale customers, through e-commerce sites and through independent third party distributors.
In deciding how to allocate resources and assess performance, the Company's chief operating decision maker regularly evaluates the sales and operating income of these segments. Operating income is the gross margin of the segment less direct expenses of the segment.
The following table summarizes segment performance for the three and six months ended December 31, 2022 and January 1, 2022:
CoachKate
 Spade
Stuart Weitzman
Corporate(1)
Total
(millions)
Three Months Ended December 31, 2022     
Net sales$1,449.7 $490.3 $85.4 $ $2,025.4 
Gross profit1,035.3 302.1 51.9  1,389.3 
Operating income (loss)453.2 69.0 0.7 (104.7)418.2 
Income (loss) before provision for income taxes453.2 69.0 0.7 (106.0)416.9 
Depreciation and amortization expense(2)
24.7 11.2 2.7 6.2 44.8 
Three Months Ended January 1, 2022     
Net sales$1,525.0 $500.4 $115.8 $— $2,141.2 
Gross profit1,078.2 308.0 71.2 — 1,457.4 
Operating income (loss)473.3 83.7 13.3 (107.5)462.8 
Income (loss) before provision for income taxes473.3 83.7 13.3 (180.2)390.1 
Depreciation and amortization expense(2)
19.4 10.2 2.1 17.1 48.8 
Six Months Ended December 31, 2022     
Net sales$2,569.0 $812.2 $150.7 $ $3,531.9 
Gross profit1,844.2 509.9 89.8  2,443.9 
Operating income (loss)792.4 92.2 (4.4)(207.7)672.5 
Income (loss) before provision for income taxes792.4 92.2 (4.4)(227.1)653.1 
Depreciation and amortization expense(2)
47.0 22.3 5.1 14.2 88.6 
Six Months Ended January 1, 2022     
Net sales$2,639.9 $799.9 $182.3 $— $3,622.1 
Gross profit1,909.2 507.2 109.7 — 2,526.1 
Operating income (loss)839.0 120.9 11.8 (213.9)757.8 
Income (loss) before provision for income taxes839.0 120.9 11.8 (304.9)666.8 
Depreciation and amortization expense(2)
40.1 21.0 4.3 34.2 99.6 
(1)    Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and certain costs for information systems.
(2)    Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments.