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Tiffany & Co. (TIF)

- NYSE
  • Yesterday, 5:30 PM
  • Yesterday, 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.
    | Comment!
  • Mon, Apr. 20, 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)
    | 5 Comments
  • Tue, Apr. 14, 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.
    | Comment!
  • Fri, Apr. 10, 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.
    | 4 Comments
  • Mon, Apr. 6, 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.
    | Comment!
  • Thu, Apr. 2, 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.
    | Comment!
  • Fri, Mar. 20, 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
    | 1 Comment
  • Fri, Mar. 20, 7:01 AM
    • Tiffany (NYSE:TIF): Q4 EPS of $1.47 misses by $0.04.
    • Revenue of $1.28B (-1.5% Y/Y) misses by $30M.
    • Press Release
    | Comment!
  • Thu, Mar. 19, 5:30 PM
  • Thu, Mar. 19, 8:01 AM
    • Chanel and Tag Heuer (OTCPK:LVMHF) have lowered prices in China due in part to the weakened state of the euro.
    • Some of the price cuts are being seen in other Asia countries as well.
    • The pricing power of luxury brands in China is expected to remain under pressure, although not all companies are expected to follow the lead of Chanel and Tag Heuer with price cuts not in their DNA.
    • A Bloomberg TV report showed very long lines at Chanel stores today.
    • 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).
    | 1 Comment
  • Tue, Mar. 10, 3:47 PM
    • The co-inventor of Swatch is a bit bearish on the prospect for the Swiss watch industry after taking in the Apple event yesterday.
    • "I do expect an Ice Age coming toward us," said Elmar Mock.
    • "We’ve seen a lot of arrogance in the Swiss watch industry in the past few years, calling the smartwatch a gadget and not taking it seriously," he goes on.
    • Most retail analysts are calling for a smaller impact to the industry from the presence of Apple.
    • Previously: Apple sets Watch prices; pre-orders start on April 10 (March 9)
    • Related stocks: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF), Richemont (OTCPK:CFRUY), LVMH Moet Hennessy (OTCPK:LVMHF), Hermes (OTCPK:HESAF), Michael Kors (NYSE:KORS).
    | 16 Comments
  • Wed, Mar. 4, 7:31 AM
    • Luxury sales in Macau were off 20% to 30% for the Chinese New Year holiday period, according to local reports.
    • The slide in luxury sales is tied to a crackdown by the Chinese government on corruption which cut into VIP traffic into the gaming mecca.
    • The read on Macau doesn't bode well for luxury sales in Hong Kong during Chinese New Year. Sales in Hong Kong were already a concern due to the political unrest in the region.
    • Related: Chinese New Year no cure for Macau gaming slide (Mar. 03 2015)
    • China luxury sellers: Gucci (OTC:GUCG), 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).
    | 1 Comment
  • Tue, Feb. 24, 1:08 PM
    • Projections on the sales of Apple Watches this year now range as high as 20M, according to Women's Wear Daily.
    • The increased sales forecast has some watch companies scrambling to introduce smartwatches of their own.
    • What to watch in the watch market: Analysts think the high-end of the fashion watch segment is most at risk to share loss. In the luxury segment, although brands might feel pressure at the opening price points, the Apple Watch shouldn't be a significant factor at the highest pricing levels.
    • Related stocks: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF), Richemont (OTCPK:CFRUY), LVMH Moet Hennessy (OTCPK:LVMHF), Hermes (OTCPK:HESAF), Michael Kors (NYSE:KORS).
    | 5 Comments
  • Thu, Feb. 19, 9:18 AM
    • Tiffany (NYSE:TIF) declares $0.38/share quarterly dividend, in line with previous.
    • Forward yield 1.7%
    • Payable April 10; for shareholders of record March 20; ex-div March 18.
    | Comment!
  • Wed, Jan. 21, 1:45 PM
    • Swiss watchmakers are putting on a brave face at the Geneva Watch Show after last week's bombshell Franc development.
    • The industry was already feeling an impact from a corruption crackdown by Beijing that's stunted some high-end demand in China.
    • The buzz from the event is that prices on watches produced in Switzerland will increase 5% to 7% to test the reaction of luxury buyers.
    • The introduction of hybrid luxury/wearable tech watches appears set to be a major theme in 2015.
    • Last year, Swiss watch exports to the U.S. rose 6.7% and fell 0.5% in China - marks that may be hard to match in 2015.
    • Related stocks: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF), Richemont (OTCPK:CFRUY), LVMH Moet Hennessy (OTCPK:LVMHF), Hermes (OTCPK:HESAF)
    | Comment!
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Company Description
Tiffany & Co through its subsidiary, operates as a jeweler and specialty retailer. It also sells timepieces, sterling silver goods, china, crystal, stationery, fragrances, personal accessories and leather goods.
Sector: Services
Industry: Jewelry Stores
Country: United States