v3.25.4

Segment Information (Tables) | 9 Months Ended
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Dec. 27, 2025
Segment Reporting [Abstract] |
Schedule of Key Performance Information of Reportable Segments | The following table presents the key performance information of the Company’s reportable segments (in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | December 27, 2025 |  | December 28, 2024 |  | December 27, 2025 |  | December 28, 2024
Total revenue: |  |  |  |  |  |  |
| Michael Kors | $ | 858 |  |  | $ | 909 |  |  | $ | 2,218 |  |  | $ | 2,322 |
| Jimmy Choo | 167 |  |  | 159 |  |  | 460 |  |  | 472 |
Total revenue | $ | 1,025 |  |  | $ | 1,068 |  |  | $ | 2,678 |  |  | $ | 2,794 |
Cost of goods sold: |  |  |  |  |  |  |
| Michael Kors | $ | 346 |  |  | $ | 340 |  |  | $ | 888 |  |  | $ | 883 |
| Jimmy Choo | 56 |  |  | 54 |  |  | 143 |  |  | 155 |
Total cost of goods sold | $ | 402 |  |  | $ | 394 |  |  | $ | 1,031 |  |  | $ | 1,038 |
Selling, general and administrative expenses: |  |  |  |  |  |  |
| Michael Kors | $ | 376 |  |  | $ | 403 |  |  | $ | 1,022 |  |  | $ | 1,071 |
| Jimmy Choo | 101 |  |  | 104 |  |  | 298 |  |  | 302 |
| Corporate | 58 |  |  | 30 |  |  | 151 |  |  | 152 |
Total selling, general and administrative expenses | $ | 535 |  |  | $ | 537 |  |  | $ | 1,471 |  |  | $ | 1,525 |
Depreciation and amortization: |  |  |  |  |  |  |
| Michael Kors | $ | 17 |  |  | $ | 19 |  |  | $ | 53 |  |  | $ | 59 |
| Jimmy Choo | 7 |  |  | 7 |  |  | 21 |  |  | 22 |
| Corporate | 6 |  |  | 6 |  |  | 16 |  |  | 18 |
Total depreciation and amortization | $ | 30 |  |  | $ | 32 |  |  | $ | 90 |  |  | $ | 99 |
Income from continuing operations: |  |  |  |  |  |  |
| Michael Kors | $ | 119 |  |  | $ | 147 |  |  | $ | 255 |  |  | $ | 309 |
| Jimmy Choo | 3 |  |  | (6) |  |  | (2) |  |  | (7) |
| 122 |  |  | 141 |  |  | 253 |  |  | 302 |
Less: | Corporate expenses | (64) |  |  | (50) |  |  | (167) |  |  | (169) |
| Impairment of assets (1) | — |  |  | (81) |  |  | (21) |  |  | (101) |
| Tapestry related transaction income (costs) | — |  |  | 14 |  |  | — |  |  | (1) |
| Restructuring and other (expense) income | (12) |  |  | 2 |  |  | (15) |  |  | — |
Income from continuing operations | $ | 46 |  |  | $ | 26 |  |  | $ | 50 |  |  | $ | 31 |
(1)Impairment of assets during the nine months ended December 27, 2025 primarily related to operating lease right-of-use assets at certain Michael Kors store locations. Impairment of assets during the nine months ended December 28, 2024 includes $83 million and $18 million of impairment charges related to the Jimmy Choo and Michael Kors reportable segments, respectively.
Schedule of Total Revenue by Geographic Location | Total revenue (based on country of origin) by geographic location are as follows (in millions):
| Three Months Ended |  | Nine Months Ended
| December 27, 2025 |  | December 28, 2024 |  | December 27, 2025 |  | December 28, 2024
Revenue: |  |  |  |  |  |  |
The Americas (1) | $ | 646 |  |  | $ | 696 |  |  | $ | 1,596 |  |  | $ | 1,726 |
EMEA | 268 |  |  | 256 |  |  | 757 |  |  | 729 |
Asia | 111 |  |  | 116 |  |  | 325 |  |  | 339 |
Total revenue | $ | 1,025 |  |  | $ | 1,068 |  |  | $ | 2,678 |  |  | $ | 2,794 |
(1)Total revenue earned in the U.S. was $586 million and $1.446 billion, respectively, for the three and nine months ended December 27, 2025. Total revenue earned in the U.S. was $638 million and $1.567 billion, respectively, for the three and nine months ended December 28, 2024.
Schedule of Total Long-Lived Assets by Reportable Segments | Total long-lived assets of the Company’s reportable segments are as follows (in millions):
| As of
| December 27, 2025 |  | March 29, 2025
Long-lived assets: |  |  |
Michael Kors | $ | 1,219 |  |  | $ | 1,197 |
Jimmy Choo | 597 |  |  | 603 |
Total long-lived assets | $ | 1,816 |  |  | $ | 1,800 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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