XML 23 R5.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Millions
12 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Apr. 02, 2022
Income Statement [Abstract]      
Total revenue $ 5,170 $ 5,619 $ 5,654
Cost of goods sold 1,831 1,895 1,910
Gross profit 3,339 3,724 3,744
Selling, general and administrative expenses 2,784 2,708 2,533
Depreciation and amortization 188 179 193
Impairment of assets 575 142 73
Restructuring and other expense 33 16 42
Total operating expenses 3,580 3,045 2,841
(Loss) income from operations (241) 679 903
Other income, net (1) (3) (2)
Interest expense (income), net 6 24 (18)
Foreign currency loss 37 10 8
(Loss) income before (benefit) provision for income taxes (283) 648 915
(Benefit) provision for income taxes (54) 29 92
Net (loss) income (229) 619 823
Less: Net income attributable to noncontrolling interest 0 3 1
Net (loss) income attributable to Capri $ (229) $ 616 $ 822
Weighted average ordinary shares outstanding:      
Basic (in shares) 117,014,420 132,532,009 149,724,675
Diluted (in shares) 117,014,420 134,002,480 152,497,907
Net (loss) income per ordinary share attributable to Capri:      
Basic (in dollars per share) $ (1.96) $ 4.65 $ 5.49
Diluted (in dollars per share) $ (1.96) $ 4.60 $ 5.39
Statements of Comprehensive (Loss) Income:      
Net (loss) income $ (229) $ 619 $ 823
Foreign currency translation adjustments 4 (41) 127
Net gain (loss) on derivatives 10 (6) 10
Comprehensive (loss) income (215) 572 960
Less: Net income attributable to noncontrolling interest 0 3 1
Less: Foreign currency translation adjustments attributable to noncontrolling interest 0 0 (1)
Comprehensive (loss) income attributable to Capri $ (215) $ 569 $ 960