5 unchanged sentences
Share Performance Graph
−Removed: The line graph below compares the cumulative total shareholder return on our ordinary shares with the Standard & Poor’s 500 Index (GSPC), the S&P Retailing Index (RLX), and a peer group index of companies that we believe are closest to ours for the five-year period from March 27, 2015 through March 27, 2020, the last business day of the our fiscal year.
−Removed: The peer group index consists of the following companies:
+Added: The line graph below compares the cumulative total shareholder return on our ordinary shares with the Standard & Poor’s ("S&P") 500 Stock Index, the S&P 500 Apparel, Accessories & Luxury Goods Index, the S&P Retailing Index, and a prior peer group of companies (the "Prior Peer Group") for the five-year period from April 1, 2016 through March 26, 2021, the last business day of our fiscal year.
+Added: The Prior Peer Group consists of the following companies:
Tapestry, Inc., Guess?, Inc., PVH Corp., L Brands, Inc., Ralph Lauren Corporation, Tiffany & Co.
and VF Corporation.
−Removed: The graph below assumes that an investment of $100 made at the closing of trading on March 27, 2015, in (i) our ordinary shares, (ii) the shares comprising the GSPC, (iii) the shares comprising the RLX and (iv) the shares comprising our peer group index.
+Added: During Fiscal 2021, management re-assessed the companies that comprise the S&P Retailing Index and determined that the S&P 500 Apparel, Accessories & Luxury Goods Index is a more appropriate comparison given the composition of companies it contains.
+Added: In this transition year, the share performance graph below includes the comparative performance of the newly selected index and the previously reported indices.
+Added: Going forward, we will show a comparison of return on our ordinary shares with the S&P 500 Stock Index and the S&P 500 Apparel, Accessories & Luxury Goods Index only.
+Added: The graph below assumes an investment of $100 made at the closing of trading on April 1, 2016, in our ordinary shares and each of the indices presented.
All values assume reinvestment of the full amount of all dividends, if any, into additional shares of the same class of equity securities at the frequency with which dividends are paid on such securities during the applicable time period.
1 unchanged sentence
Our share repurchases were made under our $500 million share repurchase program, which was approved by our Board of Directors on August 1, 2019.
+Added: During the first quarter of Fiscal 2021, the Company suspended its $500 million share-repurchase program in response to the continued impact of the COVID-19 pandemic.
We also have in place a “withhold to cover” repurchase program, which allows us to withhold ordinary shares from certain executive officers and directors to satisfy minimum tax withholding obligations relating to the vesting of their restricted share awards.
The following table provides information regarding our ordinary share repurchases during the three months ended March 27, 2021:
−Removed: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or
−Removed: Approximated Dollar Value)
−Removed: of Shares (or Units) That
−Removed: May Yet Be Purchased
−Removed: Under the Plans or Programs (in millions)
+Added: Total Number of Shares Average Price Paid per Share Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximated Dollar Value) of Shares
+Added: (or Units) That May Yet Be Purchased Under the Plans or Programs (in millions)
December 27, 2020 – January 23, 2021 — $ — — $ 400
1 unchanged sentence
February 21, 2021 – March 27, 2021 381 $ 48.26 — $ 400
−Removed: The share repurchase program was suspended on April 6, 2020 in response to the continued global health and economic impact of the COVID-19 pandemic.
Selected Financial Data
The following table sets forth selected historical consolidated financial and other data for Capri Holdings Limited and its consolidated subsidiaries for the periods presented.
−Removed: The statements of operations data for Fiscal 2020, Fiscal 2019 and Fiscal 2018 and the balance sheet data as of the end of Fiscal 2020 and Fiscal 2019 have been derived from our audited consolidated financial statements included elsewhere in this report.
−Removed: The statements of operations data for Fiscal 2017 and Fiscal 2016 and the balance sheet data as of the end of Fiscal 2018, Fiscal 2017 and Fiscal 2016 have been derived from our prior audited consolidated financial statements, which are not included in this report.
−Removed: The selected historical consolidated financial data below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements and the related notes included elsewhere in this annual report.
+Added: The statement of operations data for Fiscal 2021, Fiscal 2020 and Fiscal 2019 and the balance sheet data as of the end of Fiscal 2021 and Fiscal 2020 have been derived from our audited consolidated financial statements included elsewhere in this report.
+Added: The statement of operations data for Fiscal 2018 and Fiscal 2017 and the balance sheet data as of the end of Fiscal 2019, Fiscal 2018 and Fiscal 2017 have been derived from our prior audited consolidated financial statements, which are not included in this report.
+Added: The selected historical consolidated financial data below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements and the related notes included in this annual report.
Fiscal Years Ended
1 unchanged sentence
2020 March 30,
−Removed: 2018 April 1,
+Added: 2019 March 31,
2018 April 1,
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Restructuring and other charges 32 42 124 102 11
−Removed: 42 124 102 11 —
Total operating expenses 2,578 3,463 2,445 2,110 1,971
−Removed: (Loss) Income from operations
−Removed: (192) 735 749 690 1,175
+Added: Income (loss) from operations 19 (192) 735 749 690
Other income (7) (6) (4) (2) (6)
Interest expense, net 43 18 38 22 4
−Removed: Foreign currency loss (gain) 11 80 (13) 3 5
−Removed: (Loss) income before provision for income taxes
−Removed: (215) 621 742 689 1,172
+Added: Foreign currency (gain) loss (20) 11 80 (13) 3
+Added: Income (loss) before provision for income taxes 3 (215) 621 742 689
Provision for income taxes 66 10 79 150 137
11 unchanged sentences
Diluted $ (0.41) $ (1.48) $ 3.58 $ 3.82 $ 3.29
−Removed: (1) Fiscal year ended April 2, 2016 contained 53 weeks, whereas all other fiscal years presented are based on 52-week periods.
−Removed: (2) Restructuring and other charges includes store closure costs recorded in connection with the Michael Kors Retail Fleet Optimization Plan (as defined in Note 11 ) and other restructuring initiatives, and costs recorded in connection with the acquisitions of Versace, Jimmy Choo and Michael Kors (HK) Limited and Subsidiaries (see Note 11 to the accompanying audited consolidated financial statements).
(1) Basic net (loss) income per ordinary share is computed by dividing net (loss) income available to ordinary shareholders of Capri by basic weighted average ordinary shares outstanding.
3 unchanged sentences
2020 March 30,
−Removed: 2018 April 1,
+Added: 2019 March 31,
2018 April 1,
9 unchanged sentences
Number of ordinary shares issued 219,222,937 217,320,010 216,050,939 210,991,091 209,332,493
−Removed: (1) Fiscal year ended April 2, 2016 contained 53 weeks, whereas all other fiscal years presented are based on 52-week periods.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.