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.
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
Tue, Jan. 13, 1:23 PM
- Shares of Tiffany (NYSE:TIF) are down another 1.9% to follow up on yesterday's double-digit slide.
- A strong U.S. dollar not only impacts demand in markets such as Japan and China for Tiffany, but also chips away at tourism spending at U.S.-based stores for the chain.
- Though a few Wall Street firms have cut their price targets on Tiffany, the consensus PT is still pricing in a +10% run.
- KeyCorp and Credit Suisse get credit for downshifting on TIF ahead of the weak sale update.
- Previously: Tiffany update on holiday sales and guidance (Jan. 12)
- Previously: More details on Tiffany's (Jan. 12)
Mon, Jan. 12, 12:46 PM
Mon, Jan. 12, 9:55 AM
- Shares of Tiffany (TIF -11.5%) are getting smacked around in early trading after a harsh guidance cut from the company.
- Retail analysts note currency risk reared its head during the period on a stock priced for perfection.
- Previously: Tiffany reports negative holiday comp, lowers guidance
- Sector news: Bumpy start to the year for luxury retail stocks (Jan. 09 2015)
Mon, Jan. 12, 9:14 AM
Fri, Jan. 9, 11:04 AM
- Another tough day for luxury retail stocks as more concerns on pricing trends build up.
- Consulting firm Bain isn't helping sentiment, noting the luxury sector in China showed negative growth (-1%) for the first time in 2014. An ongoing crackdown by Beijing on corruption is in the background.
- Michael Kors (KORS -1.7%), Ralph Lauren (RL -2%), Kate Spade (KATE -3.2%), Fossil (FOSL -1%), Vera Bradley (VRA -2%), and Coach (COH -2.2%) are all under-performing market averages.
- Related stocks: OTCPK:LVMUY, OTC:GUCG, OTCPK:SWGAY, OTCPK:BURBY, EL, RDEN, OTCPK:HESAF, OTCPK:CFRUY, TIF.
- Related ETFs: PEJ.
Nov. 25, 2014, 7:16 AM
- Tiffany (NYSE:TIF) reports comparable-store sales rose 6% in Q3.
- Geographic revenue growth: Americas +10% to $459M (US +11%), Asia-Pacific +2% to $243M, Japan -12% to $113M, Europe +9% to $114M, Other +28% to $30M.
- Gross margin +295 bps to 59.5% on lower product costs and a higher mix of jewelry.
- Operating margin +70 bps to 17.6%.
- Inventory +6% to $2.6B.
- TIF -1.7% after the company missed the lofty estimates of analysts.
Sep. 29, 2014, 5:01 PM
Aug. 27, 2014, 7:11 AM
- Tiffany (NYSE:TIF) reports comparable-store sales rose 3% in Q2.
- Revenue growth: Americas +9% to $484M; Asia-Pacific +14% to $237M; Europe +8% to $120M; Japan -13% to $119M.
- Gross margin rate +80 bps to 59.9% on higher pricing.
- Operating margin +10 bps to 21.0%.
- Inventory +9% to $2.5B.
- The luxury retailer boosts FY2014 EPS guidance to $4.20-$4.30 vs. $4.15-$4.25 prior and $4.28 consensus.
- TIF +3.2% premarket.
May. 22, 2014, 10:41 AM
May. 21, 2014, 9:10 AM
May. 21, 2014, 7:24 AM
- Shares of Tiffany (TIF) jet higher in early trading after the company smashes earnings estimates with its FQ1 report.
- The company saw strength in fine and statement jewelry during the quarter and got a boost from the Atlas jewelry collection.
- Guidance for the rest of the year includes sales growth in the high single digits.
- TIF +6.0% premarket
Mar. 6, 2014, 10:37 AM
Dec. 23, 2013, 8:06 AM
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