Capri, Parent of Michael Kors, Furloughs All 7,000 North America Store Workers [TheStreet.com]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
Check Earnings Report
Company Research
Source: TheStreet.com
Capri Holdings(CPRIGet ReportIt expects its North America and Europe stores to be closed until about June 1. The furloughs are effective April 11.The company is also reducing pay for it board and executives, including Chief Executive John Idol. And it expects future staff reductions.In addition, it’s cutting inventory purchases, extending payment terms, trimming capital spending, minimizing operating expenses and suspending share buybacks.As of April 1, Capri had about $900 million of cash and cash equivalents on its balance sheet. It has fully drawn the $300 million remaining available under its revolving-credit facility.“The impact of Covid-19 on the world and the global economy is changing rapidly in ways we could not have anticipated,” Idol said in a statement.“This is a very challenging time for our business. We are diligently working to address this unprecedented situation by taking measures to protect our employees and maintain the company’s financial flexibility.”Idol expresse
Show less
Read more
Impact Snapshot
Event Time:
CPRI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CPRI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CPRI alerts
High impacting Capri Holdings Limited Ordinary Shares news events
Weekly update
A roundup of the hottest topics
CPRI
News
- FTC May Challenge Coach's Purchase Of Michael Kors, Jimmy Choo, Versace [Forbes]Forbes
- Salesforce's chief ethical and humane use officer says AI needs guardrails to reach its full potential [Fortune]Fortune
- US FTC preparing to sue to block $8.5 billion takeover of Capri by Tapestry, NYT Dealbook reports [Yahoo! Finance]Yahoo! Finance
- US FTC preparing to block $8.5 bln takeover of Capri by Tapestry, NYT Dealbook reports [Yahoo! Finance]Yahoo! Finance
- US FTC preparing to block $8.5 bln takeover of Capri by Tapestry, NYT Dealbook reports [Reuters]Reuters
CPRI
Earnings
- 2/8/24 - Miss
CPRI
Sec Filings
- 4/15/24 - Form 8-K
- 2/13/24 - Form SC
- 2/9/24 - Form SC
- CPRI's page on the SEC website