Segment Information (Tables)

6 Months Ended

Sep. 28, 2024

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				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Total revenue:
Versace	$	201	$	280	$	420	$	539
Jimmy Choo	140		132		313		315
Michael Kors	738		879		1,413		1,666
Total revenue	$	1,079	$	1,291	$	2,146	$	2,520

Income (loss) from operations:
Versace	$	(3)	$	35	$	(20)	$	38
Jimmy Choo	(5)		(9)		(1)		7
Michael Kors	87		169		162		299
Total segment income from operations	79		195		141		344
Less: Corporate expenses	(63)		(71)		(127)		(142)
Impairment of assets (1)	(43)		(20)		(43)		(20)
Merger related costs	(10)		(4)		(15)		(4)
Restructuring and other (expense) income	(1)		—		(2)		2


Total (loss) income from operations	$	(38)	$	100	$	(46)	$	180

(1)Impairment of assets during the three and six months ended September 28, 2024 and September 30, 2023 primarily related to operating lease right-of-use assets at certain Versace and Michael Kors store locations.

Schedule of Depreciation and Amortization Expense for Each Segment

Depreciation and amortization expense for each segment are as follows (in millions):


	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Depreciation and amortization:
Versace	$	14	$	13	$	28	$	26
Jimmy Choo	8		8		15		15
Michael Kors	20		20		40		41
Corporate	7		7		13		11
Total depreciation and amortization	$	49	$	48	$	96	$	93

Schedule of Total Revenue (as Recognized Based on Country of Origin)

Total revenue (based on country of origin) by geographic location are as follows (in millions):


	Three Months Ended				Six Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Revenue:
The Americas (United States, Canada and Latin America) (1)	$	591	$	690	$	1,164	$	1,322
EMEA	348		401		653		773
Asia	140		200		329		425
Total revenue	$	1,079	$	1,291	$	2,146	$	2,520

(1)Total revenue earned in the U.S. was $529 million and $1.052 billion, respectively, for the three and six months ended September 28, 2024. Total revenue earned in the U.S. was $617 million and $1.195 billion, respectively, for the three and six months ended September 30, 2023.