$TIF (Tiffany & Co.)

$TIF {{ '2016-01-19T14:36:59+0000' | timeago}} • Announcement

$TIF now expects 2016 earnings to decline about 10% compared to previous estimate of 5-10% fall, from last year's $4.20 per share. The prior year's EPS excludes loan impairment charge in 2Q15 and debt extinguishment charge in 2014. Also, this forecast excludes charge of 4 cents per share being recorded in 4Q for staff and occupancy reductions.

$TIF {{ '2017-07-13T14:32:50+0000' | timeago}} • Announcement

Jewelry retailer $TIF has appointed Alessandro Bogliolo as CEO, effective October 2, 2017. He will also join Tiffany’s BoD. Most recently, he served as CEO of apparel company Diesel SpA. Earlier, Bogliolo served Bulgari SpA in various leadership roles, including COO and EVP.

$TIF {{ '2017-05-25T14:25:47+0000' | timeago}} • Announcement

$TIF declared a regular quarterly dividend of $0.50 per share, representing an 11% increase in the quarterly rate. The dividend will be paid on July 10, 2017 to shareholders of record on June 20, 2017.

$TIF {{ '2017-05-24T13:39:48+0000' | timeago}} • Infographic

$TIF Tiffany & Co. Earnings AlphaGraphic: Q1 2017 Highlights

$TIF {{ '2017-05-24T12:51:32+0000' | timeago}} • Webcast

In Asia Pacific, $TIF's increased total sales was due to higher wholesale sales and the effective new store openings over the year ago period. Additionally, the regional sales growth was mainly driven by increased jewelry unit volumes, with a decline in the avg. price per unit sold.

$TIF {{ '2017-05-24T12:47:49+0000' | timeago}} • Webcast

$TIF stated that regional results included a total sales increase in Asia Pacific contrasting with modest declines in the Americas, Japan and Europe. However, sales in Europe increased on a constant exchange rate basis. In $TIF's largest region, the Americas, total and comp store sales declined in 1Q17, mainly due to lower jewelry unit volume.

$TIF {{ '2017-05-24T11:48:48+0000' | timeago}} • Announcement

$TIF now sees FY17 worldwide net sales rising by a low-single-digit percentage, and diluted EPS improving by a high-single-digit percentage over last year, with capex of $250MM. Tiffany plans 10 store openings, seven relocations and seven closings in the year; and expects to incur interest and other expenses, net of approximately $40MM.

$TIF {{ '2017-05-24T11:44:43+0000' | timeago}} • Announcement

$TIF, the maker of NFL's Vince Lombardi Trophy and NBA's Larry O' Brien Trophy, posted an 8% bump in Asia-Pacific sales of $257MM in 1Q17. Sales in the Americas fell 3% to $392MM and Japan sales slipped 2% to $128MM. Tiffany did not open any company-operated stores but closed three. At April 30, 2017, the jeweler operated 310 stores worldwide.

$TIF {{ '2017-05-24T11:40:56+0000' | timeago}} • Announcement

Worldwide net sales of $TIF rose 1% to $900MM in 1Q17, as the luxury jeweler posted a 7% jump in net earnings of $93MM from last year's $87MM. Earnings improved to $0.74 per diluted share from $0.69 a share, fueled by growth in Asia-Pacific and the wholesale sales bump in diamonds. Comparable store sales in the quarter were 3% below the prior year.

$TIF {{ '2017-03-17T15:05:46+0000' | timeago}} • Webcast

For 2017, $TIF said that it has got strategic initiatives, which include the formation of global procurement group, jewel research design center and optimization of the systems. Going forward, the company expects these initiatives to affect its cost structure in a favorable manner.

$TIF {{ '2017-03-17T14:34:07+0000' | timeago}} • Webcast

With regards to the new CEO search, $TIF expects that it may take time to find the right person with a broad experience. In Feb., Frederic Cumenal stepped down as CEO and Michael Kowalski, Chairman and previous CEO, started to serve as Interim CEO.

$TIF {{ '2017-03-17T14:17:33+0000' | timeago}} • Webcast

In 2017, $TIF is conscious about the economic and geopolitical uncertainties and their potential effects on local and foreign tourists' spending. Half of the company's sales continue to be outside U.S. $TIF expects USD to be stronger on average than the prior year and expects a sizeable headwind in terms of translating non-U.S. sales into dollars.

$TIF {{ '2017-03-17T14:07:17+0000' | timeago}} • Webcast

$TIF made an unplanned and voluntary contribution of $120MM to the company's U.S. pension plan during 4Q16. The company expects this to lower 2017 pension expense as a result of incremental returns expected to be generated on the investments made with that contribution.

$TIF {{ '2017-03-17T14:00:21+0000' | timeago}} • Webcast

$TIF's worldwide ecommerce sales were unchanged in 2016 and continued to represent 6% of the company's worldwide sales. In 4Q16, $TIF recognized an impairment charge of $25.4MM in capitalized software development costs.

$TIF {{ '2017-03-17T13:32:27+0000' | timeago}} • Webcast

$TIF said that 4Q16 and FY16 results were inline with the guidance provided in January and reaffirmed last month. During 1H16, sales lift in the U.K., which represent 40% of European sales, was from spending attributed to foreign tourists after the British pound declined following the Brexit vote.

$TIF {{ '2017-03-17T12:45:34+0000' | timeago}} • Infographic

$TIF Tiffany & Co. Earnings AlphaGraphics: Q4 2016 Highlights

$TIF {{ '2017-03-17T12:40:23+0000' | timeago}} • Announcement

$TIF sees FY17 net EPS rising by a high-single-digit percentage over FY16’s diluted EPS of $3.55, and by a mid-single-digit percentage over last year's non-GAAP diluted EPS of $3.75. The jeweler expects worldwide net sales to improve by a low-single-digit percentage, as it plans to expand the worldwide gross retail square footage by 3%.

$TIF {{ '2017-03-17T12:38:39+0000' | timeago}} • Announcement

$TIF, the maker of NFL's Vince Lombardi Trophy and NBA's Larry O' Brien Trophy, reported a moderate 1.3% net sales growth in 4Q16 to $1.23Bil. In the Americas, total sales fell 3% to $587MM. In the Asia-Pacific region, Tiffany gained 9% in total sales to $284MM, helped by the opening of new stores. Comparable store sales dipped 2% in both regions.

$TIF {{ '2017-03-17T12:30:29+0000' | timeago}} • Announcement

Luxury jeweler $TIF posted a 3.3% dip in 4Q16 earnings, pulled down by sales deleverage on selling, general and administrative expenses, impairment charges of capitalized software development costs and loans to diamond mining companies. Net income fell to $157.8MM or $1.26 per share from $163.2MM or $1.28 per share last year.

$TIF {{ '2017-03-17T12:00:45+0000' | timeago}} • Announcement

$TIF expects interest and other expenses of about $40MM and capex of $250MM for FY17, with net cash provided by operating activities to be about $700MM. Tiffany plans 11 store openings, nine relocations, and six closings worldwide in the year.

$TIF {{ '2017-02-21T14:54:39+0000' | timeago}} • Announcement

$TIF said it will be limiting waivers under the retirement age provisions in its governance documents, one current director will not stand for reelection at the 2017 Annual Meeting and two current directors will not stand for reelection at the 2018 Annual Meeting.

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