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Tiffany & Co. (TIF)

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  • Jan. 10, 2013, 9:10 AM
    Premarket gainers: NOK +20%. SVU +19%. NEWL +18%. QLIK +8%. CRUS +7%. STM +5%.
    Losers: MCP -12%. ASNA -12%. ARO -9%. TIF -8%.
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  • Jan. 10, 2013, 7:37 AM
    After Signet posted strong sales during the holiday period, Tiffany (TIF) couldn't keep up with analyst estimates in what could be another indication of consumers opting for lower-end items in their discretionary shopping. TIF -8.4% premarket to $57.99.
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  • Jan. 10, 2013, 7:16 AM
    Tiffany (TIF) says holiday sales rose 4% Y/Y to $992M, paced by a 13% rise in the Asia-Pacific region. The company says the mark came in at the low end of its expectations and that it now expects Q4 EPS to fall in the low end of its guidance of $3.20-$3.40. Shares of TIF -6.7% premarket.
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  • Jan. 9, 2013, 10:13 AM
    Retail analyst Rahul Sharma raises the possibility that purse strings in China could be loosening again after retail sales in the nation came in strong recently and Macau gambling picked up again. Good news from China's high-end spenders would also be good news for Tiffany's (TIF +0.8%), Ralph Lauren (RL +0.8%), Coach (COH +0.9%), Estee Lauder (EL +0.7%), and Michael Kors (KORS +0.4%).
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  • Jan. 2, 2013, 12:28 PM
    Retail analyst Rahul Sharma calls Tiffany's (TIF +3.1%) move to renew its licensing deal with Elsa Peretti for 20 years a "material positive" after factoring in the large amount of business the brand generates for the company. At a cost of $47M upfront, Tiffany may have removed a lingering overhang on its shares that it would lose the business or pay a much higher price down the road to keep it.
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  • Jan. 2, 2013, 9:02 AM
    Tiffany (TIF) strikes a licensing deal which will allow it to continue to sell Elsa Peretti jewelry with the company giving up a one-time payment of $47M and royalties for twenty years. The agreement is important with the Elsa Peretti line accounting for close to 10% of Tiffany's overall sales haul.
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  • Dec. 13, 2012, 11:32 AM
    Luxury conglomerate PPR buys a majority stake in Chinese jewelry brand Qeelin for an undisclosed amount. The news Qeelin now has the financial backing to accelerate its expansion in the nation is of interest to Tiffany (TIF +0.2%) with its own ambition to grow China sales rapidly.
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  • Dec. 10, 2012, 10:07 AM
    China's retail sales shot up 14.9% in October, providing companies selling in the region a reason to breath just a tad bit easier. The China Generak Chamber of Commerce estimates retail sales will surpass 20 trillion yuan ($3.21T) in 2012 and add another 15% to that mark by 2015. But the trick for U.S. companies with China is to move into rural areas in order to tap into growth potential without stepping into quicksand if brand recognition isn't strong or prices are too high. Walking the tightrope: F, EL, YUM, SBUX, TIF, MCD.
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  • Nov. 29, 2012, 1:29 PM
    Deloitte retail analyst Alison Paul doesn't think the Hurricane Sandy excuse being trotted out by major retailers is too far off base. After accounting for a significant pre-storm slowdown and major power outages in the Northeast, she thinks the numbers as a whole are actually quite good. In that same vein, other analysts point to layaway sales and online sales yet to ship as two categories that will help December compensate for the light November.
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  • Nov. 29, 2012, 7:27 AM
    Luxury stocks could trade with some apprehension after Tiffany (TIF) misses the profit estimates of analysts by a wide margin and guided its expectations for FY12 lower. Though higher precious metal costs are particular to the company, the sluggish demand in U.S. and Europe for high-end products could be systemic to the sector. On watch: Fossil (FOSL), Coach (COH), Ralph Lauren (RL), Movado (MOV).
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  • Nov. 29, 2012, 7:10 AM
    More on Tiffany's (TIF) Q3: The retailer saw steady sales gains in the Americas region, Asia-Pacific, and Europe but its gross margin rate fell 160 bps to 54.4%. Tiffany didn't keep pace with the overall retail sector, seeing Internet sales only increase 3% during the period. The company sets a "cautious" outlook with global macroeconomic factors in play, saying it sees FY12 EPS of $3.20-$3.40, lower than prior guidance of $3.55-$3.70 and short of the consensus mark of analysts calling for $3.60. TIF -12.2%. (PR)
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  • Nov. 29, 2012, 7:03 AM
    Tiffany (TIF): Q3 EPS of $0.49 misses by $0.14. Revenue of $853M (+4% Y/Y) misses by $4M. (PR)
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  • Nov. 29, 2012, 12:05 AM
    Notable earnings before Thursday’s open: BKS, CBRL, FRO, KR, LQDT, SFL, TIF
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  • Nov. 28, 2012, 5:30 PM
    Notable earnings before Thursday’s open: BKS, CBRL, FRO, KR, LQDT, SFL, TIF
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  • Nov. 23, 2012, 6:51 AM
    Black Friday shopping will be the headline story in retail for the day, but the underlying plot will be the effect online channels have on the total sales hauls. Though various trade groups tag Black Friday weekend shopping to see a 3% to 4% rise this year, online shopping is expected to increase by closer to 15% heading into Cyber Monday. Online has also been where the winners and losers in the sector have been separated with major online forces such as Macy's (M) and Dick's Sporting Goods (DKS) roaring to huge gains - while the likes of J.C. Penney (JCP) and Big Lots (BIG) limp along.
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  • Nov. 15, 2012, 10:21 AM
    Tiffany & Co. (TIF) declares $0.32/share quarterly dividend, in line with previous. Forward yield 2.16%. For shareholders of record Dec. 20. Payable Jan 10. Ex-div Dec. 18. (PR)
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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