v3.25.4

Segment Information (Tables)

9 Months Ended

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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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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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.

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