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Tiffany & Co (TIF.N)

TIF.N on New York Stock Exchange

95.38USD
24 Mar 2017
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$0.02 (+0.02%)
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Latest Key Developments (Source: Significant Developments)

Tiffany & Co. and Jana Partners appoint 3 new independent directors to Tiffany's Board
Tuesday, 21 Feb 2017 07:00am EST 

Tiffany & Co : Tiffany & Co. and Jana Partners announce appointments of three new independent directors to Tiffany & Co. Board of directors . Tiffany & Co says with addition of messrs. Farah, Lillie and Trapani, Tiffany & Co. Board will increase from 10 to 13 members . Tiffany & Co - with addition of Farah, Lillie and Trapani, Tiffany & Co. Board will increase from 10 to 13 members . Tiffany & co - will be limiting waivers under retirement age provisions in its governance documents . Tiffany & co - in connection with appointments, Tiffany & Co. has entered into cooperation agreements with each of Jana Partners and Trapani . Tiffany & co - under agreements, co will nominate messrs. Farah, lillie and trapani for election to board at company's 2017 annual meeting of shareholders . Tiffany & co - jana partners and trapani have agreed to customary standstill and voting commitments . Tiffany & co - additionally, pursuant to agreements, jana partners and trapani are committed to be independent of each other going forward . Tiffany & co -jana partners llc, which together with francesco trapani owns approximately 5.1 pct of tiffany's outstanding shares . Tiffany - in accordance with mandatory retirement age, one current director will not stand for reelection at 2017 annual meeting of stockholders.  Full Article

- Tiffany & Co has determined approximately $25 million of capitalized costs will not have future benefit to co
Tuesday, 17 Jan 2017 07:19am EST 

Tiffany & Co : Tiffany & Co - has determined that approximately $25 million of capitalized costs will not have future benefit to co . Tiffany & Co - will record pre-tax impairment charge of about $25 million as a component of selling, general and administrative expenses in Q4 fiscal 2016 . Tiffany & Co - does not expect that any amount of impairment charge will result in current or future cash expenditures .Tiffany & Co - "identified opportunities to enhance its finished goods inventory management and merchandising capabilities".  Full Article

Tiffany reports Q3 EPS $0.76
Tuesday, 29 Nov 2016 06:40am EST 

Tiffany & Co : Tiffany sees modest improvement in third quarter results: management maintains its full year earnings outlook . Q3 sales $949 million versus I/B/E/S view $923.7 million . Q3 earnings per share view $0.67 -- Thomson Reuters I/B/E/S . Q3 earnings per share $0.76 . Q3 same store sales fell 2 percent . Net inventories at October 31, 2016 were 2 pct lower than at October 31, 2015 . Sees capital expenditures of $250 million for 2016 . Sees net inventories unchanged from prior year for 2016 . "We are encouraged by some early signs of improvement in sales trends" . Due to impact of recent election-related activity near Co's New York flagship store, noted some adverse effect on traffic in that store . "In this recent quarter, we saw a smaller sales decline in U.S. from earlier this year" . "We also saw relative strength in UK sales, but a continuation of softness on European continent." .Tiffany cannot assure that sales in Co's New York flagship store will not be negatively affected by election-related activity in Q4/future periods.  Full Article

Tiffany says maturity for credit agreements entered on Oct. 7 extended for an additional yr
Thursday, 13 Oct 2016 05:47pm EDT 

Tiffany & Co : Tiffany & Co - Effective as of Oct 7, 2016, maturity for each of credit agreements entered on Oct. 7, 2014, extended for 1 additional year - SEC filing . Tiffany & Co - Credit agreements will mature, respectively, in 2019 and 2020 Source: (http://bit.ly/2e5jr6T) Further company coverage: [TIF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tiffany & Co- Registrant issues $100 mln of 0.78 pct senior notes
Thursday, 1 Sep 2016 04:30pm EDT 

Tiffany & Co : On Aug 26, registrant issued $100 million of 0.78 percent senior notes due August 26, 2026 to an affiliated co of metropolitan life insurance company Source: (http://bit.ly/2bYJAVw) Further company coverage: [TIF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tiffany & Co saw uptrend in UK immediately following the Brexit vote
Thursday, 25 Aug 2016 10:01am EDT 

Tiffany & Co : Strong sales growth in Russia in quarter - conf call . Saw uptrend in the UK immediately following the Brexit vote - conf call . Plan is to grow gold jewelry and stabilize silver jewelry category - conf call . Believe that the weakening of the pound has made London a more attractive tourist shopping destination - conf call Further company coverage: [TIF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tiffany Reports Q2 Results: Full Year Earnings Outlook is Maintained
Thursday, 25 Aug 2016 06:40am EDT 

Tiffany & Co : Tiffany reports second quarter results: full year earnings outlook is maintained . Q2 earnings per share $0.84 . Q2 sales $932 million versus I/B/E/S view $934.7 million . Q2 same store sales fell 8 percent . Q2 earnings per share view $0.72 -- Thomson Reuters I/B/E/S . Qtrly worldwide net sales were below prior year due to declines in sales to both local customers and foreign tourists in most regions .Net inventories at July 31, 2016 were 1% lower than at July 31, 2015.  Full Article

Tiffany sets regular quarterly dividend of $0.45 per share
Thursday, 18 Aug 2016 09:14am EDT 

Tiffany & Co :Sets regular quarterly dividend of $0.45 per share.  Full Article

Tiffany & Co says company's unit entered into a three-year revolving bank credit agreement - SEC filing
Friday, 15 Jul 2016 04:19pm EDT 

Tiffany & Co : On july 11, 2016, co's unit entered into a three-year revolving bank credit agreement - SEC filing . Credit agreement will be available to refinance tiffany-shanghai's existing rmb 930 million three-year revolving bank credit agreement .Credit agreement has aggregate borrowing limit in chinese renminbi that is equal to about $150 million on july 11, 2016.  Full Article

Tiffany raises quarterly dividend 12.5 pct to $0.45/shr
Thursday, 26 May 2016 09:45am EDT 

Tiffany & Co : Tiffany increases quarterly dividend by 12.5% .Increases regular quarterly dividend by 12.5 percent to $0.45 per share.  Full Article

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Customers take shine to Tiffany's cheaper, fashion jewelry

Tiffany & Co's higher-than-expected quarterly results suggested that the luxury retailer's push in to higher-margin fashion jewelry and affordable products was helping it win back customers. | Video