Capri Holdings Results Presentation Deck
NON-GAAP MEASURES
This presentation includes certain non-GAAP financial measures that exclude certain costs associated with COVID-19 related charges, long-lived
asset impairments, ERP implementation costs, Capri transformation costs, charitable donations, an inventory step-up adjustment, acquisition foreign
currency effects, 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.
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