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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
3 Months Ended 6 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Total revenue $ 1,079,000,000 $ 1,291,000,000 $ 2,146,000,000 $ 2,520,000,000
Cost of goods sold 385,000,000 459,000,000 763,000,000 876,000,000
Gross profit 694,000,000 832,000,000 1,383,000,000 1,644,000,000
Selling, general and administrative expenses 639,000,000 664,000,000 1,288,000,000 1,353,000,000
Depreciation and amortization 49,000,000 48,000,000 96,000,000 93,000,000
Impairment of assets 43,000,000 20,000,000 43,000,000 20,000,000
Restructuring and other expense (income) 1,000,000 0 2,000,000 (2,000,000)
Total operating expenses 732,000,000 732,000,000 1,429,000,000 1,464,000,000
(Loss) income from operations (38,000,000) 100,000,000 (46,000,000) 180,000,000
Other income, net 0 (1,000,000) 0 0
Interest (income) expense, net (10,000,000) 3,000,000 (14,000,000) 11,000,000
Foreign currency (gain) loss (17,000,000) (3,000,000) (12,000,000) 18,000,000
(Loss) income before income taxes (11,000,000) 101,000,000 (20,000,000) 151,000,000
(Benefit) provision for income taxes (34,000,000) 11,000,000 (31,000,000) 13,000,000
Net income 23,000,000 90,000,000 11,000,000 138,000,000
Less: Net (loss) income attributable to noncontrolling interest (1,000,000) 0 1,000,000 0
Net income attributable to Capri $ 24,000,000 $ 90,000,000 $ 10,000,000 $ 138,000,000
Weighted average ordinary shares outstanding:        
Basic (in shares) 118,467,372 116,674,030 117,953,855 117,052,986
Diluted (in shares) 118,777,723 117,563,573 118,517,098 117,923,103
Net income per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 0.20 $ 0.77 $ 0.09 $ 1.18
Diluted (in dollars per share) $ 0.20 $ 0.77 $ 0.09 $ 1.17
Statements of Comprehensive (Loss) Income:        
Net income $ 23,000,000 $ 90,000,000 $ 11,000,000 $ 138,000,000
Foreign currency translation adjustments (118,000,000) (6,000,000) (147,000,000) (13,000,000)
Net loss on derivatives (11,000,000) (1,000,000) (11,000,000) (4,000,000)
Comprehensive (loss) income (106,000,000) 83,000,000 (147,000,000) 121,000,000
Less: Net (loss) income attributable to noncontrolling interest (1,000,000) 0 1,000,000 0
Comprehensive (loss) income attributable to Capri $ (105,000,000) $ 83,000,000 $ (148,000,000) $ 121,000,000