Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Mar. 28, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Information (Unaudited)

The following table summarizes the Fiscal 2020 and Fiscal 2019 quarterly results (dollars in millions):


	Fiscal Quarter Ended ⁽¹⁾
	June 29, 2019			September 28, 2019			December 28, 2019			March 28, 2020
Fiscal 2020
Total revenue	$	1,346		$	1,442		$	1,571		$	1,192
Gross profit	$	834		$	874		$	932		$	631
Income (loss) from operations	$	64	⁽²⁾	$	75	⁽³⁾	$	205	⁽⁴⁾	$	(536)	⁽⁵⁾
Net income (loss)	$	45		$	73		$	209		$	(552)
Net income (loss) attributable to Capri	$	45		$	73		$	210		$	(551)
Weighted average ordinary shares outstanding:
Basic	151,049,572			151,602,502			150,826,196			149,380,121
Diluted	152,334,153			152,576,283			152,154,372			149,380,121

	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	⁽⁶⁾	$	190	⁽⁷⁾	$	290	⁽⁸⁾	$	40	⁽⁹⁾
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

⁽¹⁾All fiscal quarters presented contain 13 weeks.

⁽²⁾Fiscal quarter ended June 29, 2019 includes impairment charges of $97 million, other costs related to acquisitions of $12 million and restructuring charges of $1 million.

⁽³⁾Fiscal quarter ended September 28, 2019 includes impairment charges of $104 million and other costs related to acquisitions of $6 million.

⁽⁴⁾Fiscal quarter ended December 28, 2019 includes impairment charges of $19 million, other costs related to acquisitions of $8 million and restructuring charges of $5 million.

⁽⁵⁾Fiscal quarter ended March 28, 2020 includes impairment charges of $488 million and other costs related to acquisitions of $8 million.

⁽⁶⁾Fiscal quarter ended June 30, 2018 includes impairment charges of $4 million, other costs related to acquisitions of $7 million and restructuring charges of $4 million.

⁽⁷⁾Fiscal quarter ended September 29, 2018 includes impairment charges of $7 million, other costs related to acquisitions of $16 million and restructuring charges of $2 million.

⁽⁸⁾Fiscal quarter ended December 29, 2018 includes impairment charges of $6 million, other costs related to acquisitions of $12 million and restructuring charges of $8 million.

⁽⁹⁾Fiscal quarter ended March 30, 2019 includes impairment charges of $4 million, other costs related to acquisitions of $44 million and restructuring charges of $31 million.

See Note 11 for additional information related to restructuring charges, as well as other costs related to acquisitions and Note 14 for additional information related to impairment charges.