Loss-making Burberry puts focus back on trench coats in a turnaround plan [CNN]
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
Company Research
Source: CNN
bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply. New CEO Joshua Schulman laid out his turnaround plans Thursday after Burberry reported a loss for the first half of its financial year and announced a £40 million ($50.67 million) cost savings program. The group's shares surged more than 14% Thursday but are still down more than 40% so far in 2024. “We took pricing too high across the board,” Schulman told investors and analysts, setting out his assessment of what went wrong at Burberry. “We created new brand codes… that were not familiar or recognizable for our customers.” Looking ahead, he said Burberry would be incredibly disciplined with its brand and market itself as timeless British luxury. Its recent campaigns have focused on outerwear and scarves and featured British celebrities including model Cara Delevingne, rapper Little Simz and actor Olivia Colman. Ad Feedback Burberry, like other luxury goods companies , has had a
Show less
Read more
Impact Snapshot
Event Time:
PPRUY
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
PPRUY 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
PPRUY alerts
High impacting KERING SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
PPRUY
News
- Holiday Gift Guide 2024: The Best Fashion And Style Books [Forbes]Forbes
- 9 of the most stylish nepo babies [Business Insider]Business Insider
- Kering reshuffles ranks with new Yves Saint Laurent and Balenciaga CEO [Fortune]Fortune
- 5 of the best outfits and 5 that missed the mark at the 2024 Governors Awards [Business Insider]Business Insider
- Kering names Cedric Charbit CEO of Saint Laurent [Yahoo! Finance]Yahoo! Finance