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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Income Statement [Abstract]        
Total revenue $ 1,291,000,000 $ 1,412,000,000 $ 2,520,000,000 $ 2,772,000,000
Cost of goods sold 459,000,000 461,000,000 876,000,000 920,000,000
Gross profit 832,000,000 951,000,000 1,644,000,000 1,852,000,000
Selling, general and administrative expenses 664,000,000 642,000,000 1,353,000,000 1,264,000,000
Depreciation and amortization 48,000,000 43,000,000 93,000,000 88,000,000
Impairment of assets 20,000,000 11,000,000 20,000,000 11,000,000
Restructuring and other expense (income) 0 3,000,000 (2,000,000) 6,000,000
Total operating expenses 732,000,000 699,000,000 1,464,000,000 1,369,000,000
Income from operations 100,000,000 252,000,000 180,000,000 483,000,000
Other income, net (1,000,000) (1,000,000) 0 (1,000,000)
Interest expense, net 3,000,000 5,000,000 11,000,000 1,000,000
Foreign currency (gain) loss (3,000,000) (11,000,000) 18,000,000 (7,000,000)
Income before income taxes 101,000,000 259,000,000 151,000,000 490,000,000
Provision for income taxes 11,000,000 35,000,000 13,000,000 63,000,000
Net income 90,000,000 224,000,000 138,000,000 427,000,000
Less: Net income attributable to noncontrolling interest 0 0 0 2,000,000
Net income attributable to Capri $ 90,000,000 $ 224,000,000 $ 138,000,000 $ 425,000,000
Weighted average ordinary shares outstanding:        
Basic (in shares) 116,674,030 136,037,449 117,052,986 138,975,518
Diluted (in shares) 117,563,573 137,051,575 117,923,103 140,392,780
Net income per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 0.77 $ 1.64 $ 1.18 $ 3.06
Diluted (in dollars per share) $ 0.77 $ 1.63 $ 1.17 $ 3.03
Statements of Comprehensive Income:        
Net income $ 90,000,000 $ 224,000,000 $ 138,000,000 $ 427,000,000
Foreign currency translation adjustments (6,000,000) (125,000,000) (13,000,000) (232,000,000)
Net (loss) gain on derivatives (1,000,000) 1,000,000 (4,000,000) 3,000,000
Comprehensive income 83,000,000 100,000,000 121,000,000 198,000,000
Less: Net income attributable to noncontrolling interest 0 0 0 2,000,000
Comprehensive income attributable to Capri $ 83,000,000 $ 100,000,000 $ 121,000,000 $ 196,000,000