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Tiffany & Co. (TIF)

- NYSE
  • Thu, Aug. 27, 7:13 AM
    • Tiffany (NYSE:TIF) reports global sales increased 7% in Q2 on a constant currency basis.
    • Sales growth by region (constant currency): Americas -2%, Asia-Pacific +9%, Japan +27%, Europe +19%, Other -27%.
    • Gross profit rate +40 bps to 59.9% as lower wholesale diamond costs factored in.
    • SG&A expenses +9% Y/Y.
    • Inventory -6.9% to $2.357B.
    • The company's effective tax rate during the quarter was 34.2% vs. 34.4% a year ago.
    • Guidance: Tiffany expects net earnings to fall 2% to 5% for the full year to $3.99-$4.12.
    • Previously: Tiffany misses by $0.05, misses on revenue
    • TIF -7.7% premarket to $78.51.
    | Thu, Aug. 27, 7:13 AM | 2 Comments
  • Tue, Aug. 11, 10:00 AM
    • The currency devaluation fired off in China is hitting select consumer goods and services stocks.
    • China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
    • Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
    • Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
    | Tue, Aug. 11, 10:00 AM | 2 Comments
  • Wed, May 27, 12:47 PM
    | Wed, May 27, 12:47 PM | 1 Comment
  • Wed, May 27, 9:18 AM
    | Wed, May 27, 9:18 AM | Comment!
  • Wed, May 27, 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.
    | Wed, May 27, 8:40 AM | 1 Comment
  • Wed, May 27, 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.
    | Wed, May 27, 7:45 AM | Comment!
  • 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.
    | Mon, Apr. 6, 7:56 AM | 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
    | Fri, Mar. 20, 7:36 AM | 1 Comment
  • 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)
    | Tue, Jan. 13, 1:23 PM | Comment!
  • Mon, Jan. 12, 12:46 PM
    | Mon, Jan. 12, 12:46 PM | Comment!
  • Mon, Jan. 12, 9:55 AM
    | Mon, Jan. 12, 9:55 AM | Comment!
  • Mon, Jan. 12, 9:14 AM
    | Mon, Jan. 12, 9:14 AM | Comment!
  • 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.
    | Fri, Jan. 9, 11:04 AM | 1 Comment
  • 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.
    | Nov. 25, 2014, 7:16 AM | 4 Comments
  • Sep. 29, 2014, 5:01 PM
    • Lone Pine Capital now has a reportable holding in Tiffany (NYSE:TIF) after buying about 2.6M shares to boost its stake in the company to 5.3%.
    • Shares +0.7% AH
    | Sep. 29, 2014, 5:01 PM | Comment!
  • 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.
    | Aug. 27, 2014, 7:11 AM | 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