Tiffany & Co. (TIF) - NYSE
  • Jun. 12, 2015, 5:01 PM
    • Tifany (NYSE:TIF) discloses EVP Jill Beraud is leaving, effective today. Beraud was only hired last summer; at the time, Tiffany stated she would "have responsibility for Global Retail Operations including all sales channels in every region, as well as oversight of strategic store development and real estate."
    • Going forward, the jewelry retailer's North American and international SVP's will directly report to CEO Frederic Cumenal; a search is ongoing for an international SVP. On an interim basis, regional heads will also directly report to Cumenal.
    • Before joining Tiffany, Beraud was the CEO of hair product maker Living Proof.
    | Jun. 12, 2015, 5:01 PM | 1 Comment
  • Jun. 12, 2015, 9:32 AM
    • Luxury retailers continue to struggle in China as consumers in the nation adjust to pricing disparities derived from currency fluctuations.
    • Last year, luxury sales in China fell 11% while overseas purchases by Chinese tourists rose 9%.
    • The tally for overseas purchases included the "grey market" where items are bought overseas then resold inside China.
    • The trend has continued this year, despite efforts by companies to reset pricing.
    • China luxury sellers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
    | Jun. 12, 2015, 9:32 AM | 2 Comments
  • May 28, 2015, 9:41 AM
    • Tiffany (NYSE:TIF) declares $0.40/share quarterly dividend, 5.3% increase from prior dividend of $0.38.
    • Forward yield 1.7%
    • Payable July 10; for shareholders of record June 22; ex-div June 18.
    | May 28, 2015, 9:41 AM
  • May 27, 2015, 12:47 PM
    | May 27, 2015, 12:47 PM | 1 Comment
  • May 27, 2015, 9:18 AM
    | May 27, 2015, 9:18 AM
  • May 27, 2015, 8:40 AM
    • Tiffany (NYSE:TIF) races ahead in early trading as underlying Q1 comps at the retailer come in stronger than anticipated.
    • A shift of spending by Asian tourists to Europe contributed to a 17% comp gain in the region, while some high-end spending helped the Americas comp come in at +1% despite the strong U.S. dollar.
    • The company's overall underlying comparable-store sales gain of 5% outpaced the marks put up by several of Tiffany's peers during overlapping periods.
    • Previously: Tiffany beats by $0.11, beats on revenue (May. 27 2015)
    • Previously: Tiffany +6% after results top expectations (May. 27 2015)
    • TIF +7.21% premarket to $91.70.
    | May 27, 2015, 8:40 AM | 1 Comment
  • May 27, 2015, 7:45 AM
    • Tiffany (NYSE:TIF) reports global sales were up 1% in Q1 on a constant currency basis.
    • Sales growth by region (constant currency): Americas +3%, Asia-Pacific +4%, Japan -18%, Europe +21%, Other +1%.
    • Gross profit rate +90 bps to 59.1% as improved product costs factored in.
    • SG&A expenses +5% Y/Y.
    • Inventory -2% to $2.4B.
    • The company's effective tax rate during the quarter was 34.7% vs. 35.1% a year ago.
    • Guidance: Tiffany expects FY15 EPS to rise "minimally" from last year's level.
    • Previously: Tiffany beats by $0.11, beats on revenue
    • TIF +6.37% premarket to $90.98 after topping beaten-down expectations.
    | May 27, 2015, 7:45 AM
  • May 27, 2015, 7:01 AM
    • Tiffany (NYSE:TIF): Q1 EPS of $0.81 beats by $0.11.
    • Revenue of $962M (-4.8% Y/Y) beats by $43.32M.
    | May 27, 2015, 7:01 AM | 1 Comment
  • May 26, 2015, 5:30 PM
    | May 26, 2015, 5:30 PM | 3 Comments
  • May 26, 2015, 11:45 AM
    • Talk of LVMH (OTCPK:LVMUY, OTCPK:LVMHF) making a run at Tiffany (TIF -1.6%) is likely to pick up again after Tiffany reports FQ1 earnings tomorrow, according to CTFinancialNews.
    • Though Tiffany has been seen as a potential LVMH target for several years, a 20% drop in the luxury stock's share price this year makes the case for an acquisition a bit more compelling.
    • Analysts expect Tiffany to report revenue of $927M and EPS of $0.69 for the F/X-challenged quarter.
    | May 26, 2015, 11:45 AM
  • Apr. 20, 2015, 12:10 PM
    • Research firm Global Blue says Chinese tourists increased their luxury spending by 67% in Q1.
    • High-end retailers with stores in Europe received a good portion of the sales after a weak euro attracted tourists to buy in the region over Hong Kong.
    • Last year, Chinese tourists increased spending by 18%.
    • A reselling trend in China has accounted for some of the brisk growth, while also pressuring prices for luxury brands in China.
    • Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY)
    | Apr. 20, 2015, 12:10 PM | 5 Comments
  • Apr. 14, 2015, 7:51 AM
    • Luxury spending in Europe appears to be on the rise, notes retail watcher Rahul Sharma.
    • The analyst notes Audi, BMW, and Mercedes-Benz all posted March sales records.
    • Yesterday, LVMH (OTCPK:LVMHF, OTCPK:LVMUY) reported sales increased 16% to €8.3B $8.8B (+3% ex-currency) in Q1 off of a tough comparable period. Sales for the selective retailing category were up 20% Y/Y.
    • The trend could set up well for Tiffany (NYSE:TIF), Ralph Lauren (NYSE:RL), Coach (NYSE:COH), Michael Kors (NYSE:KORS), Hermes (OTCPK:HESAF, OTCPK:HESAY), and Richemont (OTCPK:CFRUY, OTCPK:CFRHF) which have suffered a bit with Chinese tourism to Europe down.
    | Apr. 14, 2015, 7:51 AM
  • Apr. 10, 2015, 11:55 AM
    • Sales per shopper increased 5.8% Y/Y in March at retail chains, according to data from RetailNext.
    • Average transaction value was up 3.5%, while the number of conversions improved by 0.9%
    • Total sales were off 3.2% on a 8.2% drop in traffic amid a problematic month for weather. The tallies don't include e-commerce.
    • Higher-end store chains such as Lululemon (LULU -0.5%), Tiffany (TIF +0.3%), and Williams-Sonoma (WSM +0.5%) can benefit from the trend toward highly-focused shoppers - while traffic-dependent chains such as Family Dollar (FDO +0.1%), Dollar General (DG +0.6%), and Dollar Tree (DLTR +0.4%) rely on the impulse buys churned up by increased traffic.
    | Apr. 10, 2015, 11:55 AM | 4 Comments
  • Apr. 6, 2015, 7:56 AM
    • Monness Crespi Hardt upgrades Tiffany (NYSE:TIF) to a Buy rating from Neutral.
    • Though Tiffany runs up against a tough comp in Q1 due to last year's strength in Japan and will continue to face F/X pressure, the second half of the year is setting up for stronger growth.
    • The investment firm sets a price target of $103 on the retail stock.
    • TIF -0.2% premarket to $86.63.
    | Apr. 6, 2015, 7:56 AM
  • Apr. 2, 2015, 8:27 AM
    • Tiffany (NYSE:TIF) is out with a new CT60 line of watches that veer toward traditional design over high-tech.
    • The prices range from $4.25K to $19K for the various pieces.
    • The company is hoping to see a successful response after warning in its last earnings report that gross margins for Q1 and Q2 could be impacted by a higher marketing spend tied to the CT60 launch.
    | Apr. 2, 2015, 8:27 AM
  • Mar. 20, 2015, 7:36 AM
    • Tiffany (NYSE:TIF) reports net sales increased 3% on a constant currency basis led by growth in Europe and Asia-Pacific, with the largest growth in the fashion jewellery category.
    • Comparable-store sales were flat Y/Y.
    • Geographic revenue growth: Americas: $653M (-1%); Asia-Pacific: $284M (+4%); Japan: $148M (-13%); Europe: $162M (unchanged); Other: $39M (+12%).
    • Gross margin +30 bps to 60.8%.
    • Operating margin declined 400 bps to 23.7%.
    • Inventory +1.53% to $2.36B.
    • Store count +6 Y/Y to 295.
    • TIF -2.73% premarket.
    • Q4 results
    | Mar. 20, 2015, 7:36 AM | 1 Comment
Company Description
Tiffany & Co. is a holding company, which through its subsidiaries engages in jewelry merchandise. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. Tiffany & Co. was founded in 1984 and is headquartered in New York, NY.
Sector: Services
Industry: Jewelry Stores
Country: United States