XML 66 R48.htm IDEA: XBRL DOCUMENT v3.19.1
Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Mar. 30, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results
The following table summarizes the Fiscal 2019 and Fiscal 2018 quarterly results (dollars in millions):
 
Fiscal Quarter Ended (1)
 
 
June 30,
2018
 
September 29,
2018
 
December 29,
2018
 
March 30,
2019
 
Fiscal 2019
 
 
 
 
 
 
 
 
Total revenue
$
1,203

 
$
1,253

 
$
1,438

 
$
1,344

 
Gross profit
$
751

 
$
763

 
$
873

 
$
793

 
Income from operations
$
215

(2) 
$
190

(3) 
$
290

(4) 
$
40

(5) 
Net income
$
186

 
$
137

 
$
200

 
$
19

 
Net income attributable to Capri
$
186

 
$
138

 
$
200

 
$
19

 
Weighted average ordinary shares outstanding:
 
 
 
 
 
 
 
 
Basic
149,502,101

 
149,575,112

 
149,183,049

 
150,801,608

 
Diluted
152,399,655

 
151,705,685

 
150,268,424

 
152,083,632

 
 
 
 
 
 
 
 
 
 
 
Fiscal Quarter Ended (1)
 
 
July 1,
2017
 
September 30,
2017
 
December 30,
2017
 
March 31,
2018
 
Fiscal 2018
 
 
 
 
 
 
 
 
Total revenue
$
952

 
$
1,147

 
$
1,440

 
$
1,180

 
Gross profit
$
575

 
$
691

 
$
884

 
$
709

 
Income from operations
$
149

 
$
199

(6) 
$
314

(7) 
$
87

(8) 
Net income
$
126

 
$
202

 
$
220

 
$
44

 
Net income attributable to Capri
$
126

 
$
202

 
$
220

 
$
44

 
Weighted average ordinary shares outstanding:
 
 
 
 
 
 
 
 
Basic
154,486,898

 
151,781,340

 
152,047,963

 
150,818,144

 
Diluted
156,871,518

 
154,168,094

 
154,623,339

 
154,252,751

 
 
 
(1) 
All fiscal quarters presented contain 13 weeks.
(2) 
Fiscal quarter ended June 30, 2018 includes impairment charges of $4 million, restructuring charges of $4 million and acquisition-related transition costs of $7 million.
(3) 
Fiscal quarter ended September 29, 2018 includes impairment charges of $7 million, acquisition-related transition costs of $16 million and restructuring charges of $2 million.
(4) 
Fiscal quarter ended December 29, 2018 includes impairment charges of $6 million, acquisition-related transaction and transition costs of $12 million, and restructuring charges of $8 million.
(5) 
Fiscal quarter ended March 30, 2019 includes impairment charges of $4 million, acquisition-related transaction and transition costs of $44 million, and restructuring charges of $31 million.
(6) 
Fiscal quarter ended September 30, 2017 includes impairment charges of $16 million, acquisition-related transaction and transition costs of $16 million, and restructuring charges of $6 million.
(7) 
Fiscal quarter ended December 30, 2017 includes impairment charges of $3 million, acquisition-related transaction and transition costs of $26 million, and restructuring charges of $2 million.
(8) 
Fiscal quarter ended March 31, 2018 includes impairment charges of $14 million, and acquisition-related transaction and transition costs of $7 million, and restructuring charges of $44 million.