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Stock impact report

What to Do With Vail Resorts Now That It Suspended Its Dividend [The Motley Fool]

Vail Resorts, Inc. (MTN) 
Last vail resorts, inc. earnings: 3/9 04:01 pm Check Earnings Report
Company Research Source: The Motley Fool
Vail Resorts(NYSE:MTNThe backgroundWhen Vail Resorts reported its fiscal 00 second-quarter results on March 9, it withdrew its previously issued full-year guidance, citing the effects of the coronavirus outbreak. Management said it saw a negative effect during the first week in March, including a modestly lower number of destination skiers, who are out-of-state and international guests.On March , the company announced it was suspending all mountain and retail store operations during the week of March to March and said it would reassess the situation. Then, on March 7, the company announced it was closing all its ski resorts, retail stores, and owned and operated lodging properties for the remainder of the 09 to 00 ski season.Image source: Getty Images.What just happenedJust last week, Vail announced a business update that included major changes to its operating budget and capital allocation plans. These changes include:A six-month pay reduction for all full-time salaried employees o Show less Read more
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