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TIF

Tiffany & Co.

6/20/2013, 2:31 AM ET

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| Earnings
| Dividends
| M&A
| On the move

Monday, June 10, 7:59 AM Keep an eye on Tiffany (TIF) after jewelry sales in China rocketed 38% higher Y/Y in May to follow up on an even stronger April tally, tips retail analyst Rahul Sharma. TIF +0.5% premarket. Comment! [Consumer]
Monday, June 10, 7:39 AM A slight acceleration in retail sales in China during May up to a 12.9% growth pace bodes well for high-end sellers looking to keep up momentum in the nation. U.S. firms looking for double-digit sales growth to continue in China include Coach (COH), Tiffany (TIF), Ralph Lauren (RL), Michael Kors (KORS), V.F. Corp (VFC), and Warnaco Group (WRC). Comment! [Consumer]
Wednesday, June 5, 7:49 AM High-end sellers in Hong Kong (MAGOF.PK, COH, TIF, RL, BURBY.PK, KORS, GUCG.PK) saw an influx of traffic during the three-day May Day holiday which could help boost sales totals for the quarter. According to the Hong Kong Tourism Board, the number of mainlanders trekking over to Hong Kong jumped 50% Y/Y during the period. A stronger yuan might be motivating more Chinese consumers to hunt for lower prices in Hong Kong. 3 Comments [Consumer, Global & FX]
Friday, May 31, 10:05 AM More on Credit Suisse's Tiffany (TIF +0.6%) initiation: Analyst Christian Buss says the company has "ample opportunity to grow revenue at a high-single-digit rate and earnings in the low teens over the next five years." Furthermore, the bank says there are "upside opportunities" to consensus given "improving raw material prices [and] a mix shift to higher-margin regions of the world." Comment! [Consumer]
Friday, May 31, 6:58 AM Credit Suisse initiates coverage on Tiffany (TIF) with an Outperform rating and $89 price target. Earlier this week, the retailer showed broad sales strength as it beat estimates with its Q1 report. Comment! [Consumer]
Tuesday, May 28, 12:57 PM Heard during Tiffany's (TIF +3.6%) earnings call: 1) The higher-than-expected sales tally was driven by a strong performance late in the quarter. 2) On store count, Tiffany's says it ended the quarter with 275 company-owned stores and plans to open another 16 this year - including 4 in China. 3) The Great Gatsby brand helped provide a sales bump, even though the quarter ended before the movie with the tie-in debuted. 4) The company says it will likely keep a dividend payout ratio in the high 30s. 5) No Q&A as the retailer goes with the pre-recorded call format. (transcript) Comment! [Consumer, On the Move]
Tuesday, May 28, 9:14 AM Premarket gainers: CSIQ +25%. PIP +21%. ROYL +17%. BGMD +11%. BLDP +11%. VRX +11%. SIGA +8%. TSL +8%. MAKO +8%. YGE +8%. CPST +8%. STSI +8%. HSOL +7%. ALU +7%. LDK +7%. JASO +7%. TIF +6%. Comment! [On the Move]
Tuesday, May 28, 8:07 AM The luxury sector appears to be recovering from what was forecast by many to be a protracted slowdown, according to retail analyst Rahul Sharma. The broad sales strength shown by Tiffany (TIF) in Q1 (I, II), follows up reports from Richemont, Saks, and Burberry which also showed brisk sales. Comment! [Consumer]
Tuesday, May 28, 7:15 AM More on Tiffany's (TIF): Comparable store sales rose 8% during Q1. By region, sales in Asia-Pacific were up 15% to $223M, while sales in Europe and the Americas rose 6%. A mix shift to lower gross margin products cut into profitability results during the quarter and SG&A expenses were up 8% Y/Y. The company sees FY13 EPS of $3.43-$3.53, unchanged from prior guidance. (PR) Comment! [Consumer, Earnings]
Tuesday, May 28, 7:02 AM Tiffany & Co (TIF): Q1 EPS of $0.70 beats by $0.18. Revenue of $895M. (PR) Comment! [Earnings, Breaking News]
Tuesday, May 28, 12:05 AM Notable earnings before Tuesday's open: BNS, CSIQ, SDRL, TIF Comment! [Earnings]
Monday, May 27, 5:30 PM Notable earnings before Tuesday's open: BNS, CSIQ, SDRL,TIF Comment! [Earnings]
Friday, May 24, 10:46 AM Luxury retail companies seem to be seeing something more than economists do as they ramp up investments and marketing on expectations for increased high-end spending in the U.S. Even with all the focus on the growth potential for the luxury sector in China and Hong Kong, by sales the U.S. market is still twice as big and has plenty of upside, according to industry insiders. A wildcard in the mix is the impact from some relaxed rules on visa approvals for wealthier tourists from emerging markets. On watch: Hermes, LVMH Moet Hennessy (MAGOF.PK), Gucci (GUCG.PK), Louis Vuitton (LVMUY.PK), Coach (COH), Tiffany (TIF), Ralph Lauren (RL), Burberry (BURBY.PK), Saks (SKS), Hugo Boss, Christian Dior (CHDRF.PK). Comment! [Consumer, Global & FX]
Wednesday, May 22, 1:43 PM Google just released a new tool under Google Trends to rank the highest search terms per category. Though it's not quite actionable advice quite yet, a lot of scientific abstracts have been making a solid case that in some industries a correlation between Google searches and stock prices exists. The trick is separating negative searches from positive ones. The most searched fashion brands on Google: 1) Forever 21 2) American Eagle Outfitters (AEO +2.3%) 3) Hennes & Mauritz (HMRZF.PK) 4) Tiffany (TIF +0.2%) 5) Hollister (ANF +1.2%). 1 Comment [Consumer]
Monday, May 20, 8:29 AM The flood of tourists into Hong Kong from Mainland China looks promising to global retailers setting up shop in the region, although the tilt towards more bargain shopping could be a trend to watch for high-end sellers. Outlet malls have seen the biggest gains in traffic and sales in Hong Kong which sets up nicely for retailers that planned a strategy which pivots on squeezing profits from the channel. Hong-Kong watching: Nike (NKE), Limited Brands (LTD), Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF). Comment! [Consumer, Global & FX]
Thursday, May 16, 5:06 PM Tiffany & Co. (TIF) declares $0.34/share quarterly dividend, 6% increase from prior dividend of $0.32. Forward yield 1.77%. For shareholders of record June 20. Payable July 10. Ex-div date June 18. (PR) Comment! [Dividends]

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