4Q Fiscal Year 2023 Earnings Presentation
NON-GAAP MEASURES
This presentation includes certain non-GAAP financial measures that exclude certain costs associated with COVID-19 related charges, the impact of
the war in Ukraine, ERP implementation costs, Capri transformation costs, impairment charges, charitable donations, restructuring and other
charges. The Company uses non-GAAP financial measures, among other things, to evaluate its operating performance and in order to represent the
manner in which the Company conducts and views its business. The Company believes that excluding these items helps its management and
investors compare operating performance based on its ongoing operations. While the Company considers the non-GAAP measures to be
useful supplemental measures in analyzing its results, they are not intended to replace, nor act as a substitute for, any amounts presented in its
consolidated financial statements prepared in conformity with U.S. GAAP and may be different from non-GAAP measures reported by other companies.View entire presentation