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Tiffany & Co (TIF.N)

TIF.N on New York Stock Exchange

87.84USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Tiffany- Stronger yen contributing to increased purchasing attributed to Japanese tourists
Friday, 17 Mar 2017 09:53am EDT 

Tiffany : Lower spending that we attributed to Chinese tourists in other regions in 2016 may have led to some of the higher spending from local consumers within China . Believe the stronger yen has been a factor contributing to increased purchasing attributed to Japanese tourist in other regions . Believe sales lift we saw in uk in second half of 2016 was from spending by foreign tourists after British pound decline following Brexit vote . CFO on conf call- " tiffany's financial performance over the past couple of years has been disappointing" . CFO - since over half our sales are from outside the us and we expect dollar to be stronger than last year, we should be facing a sizable headwind in terms of translating non-us sales into dollars . Held our Blue Book event in the spring, the results, while strong, did not measure up to success of those events in the prior two years . In January the flagship store technically did very well but that was really driven by a couple of very large one-off transactions . Chairman- "we will be innovative across all categories in 2017 and 2018. There will be newness in silver, gold, platinum, diamonds" . Chairman- "the fashion category is where we have enjoyed the most relative success so I think that speaks at least directionally of some success in appealing to millennials" Further company coverage: [TIF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tiffany & Co qtrly non-gaap EPS $1.45
Friday, 17 Mar 2017 06:40am EDT 

Tiffany & Co : Tiffany reports full year and fourth quarter 2016 results; sales and earnings in line with previous guidance; management provides its outlook for 2017 . Q4 earnings per share $1.26 . Q4 earnings per share view $1.39 -- Thomson Reuters I/B/E/S . Tiffany & co - net inventories at january 31, 2017 were 3% lower than at prior year-end . Tiffany & co- management expects for fiscal 2017 net cash provided by operating activities of approximately $700 million . Tiffany & co - expects for fiscal 2017 capital expenditures of $250 million . Tiffany & co- for fiscal 2017 free cash flow of approximately $450 million . Tiffany & co - expects for fiscal 2017 net inventories unchanged from prior year . Tiffany & co says qtrly net sales $1,229.6 million versus. $1,213.6 million . Tiffany & co - for fy ending jan 31, 2018 sees worldwide net sales increasing by a low-single-digit percent and by a mid-single-digit percent on a constant-exchange-rate basis . Tiffany & co - sees fiscal 2017 net earnings per diluted share increasing by a high-single-digit percentage over 2016's earnings per diluted share of $3.55 . Tiffany & co - in q4 comparable store sales were unchanged from prior year .Tiffany & co says qtrly non-gaap earnings per share $1.45.  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

Tiffany records impairment charges of $37.9 mln in 2016
Wednesday, 25 May 2016 07:32am EDT 

Tiffany & Co : Recorded impairment charges totaling $37.9 million during fiscal year ended January 31, 2016 related to loan with Koidu Limited - SEC filing . Intends to continue talks with Koidu, certain of Koidu's stakeholders as part of management's ongoing evaluation of collectability of loan . As of April 30, 2016, company had a $43.8 million loan receivable under a financing arrangement with Koidu Limited . Management has not recorded any impairment charges on such loans in three months ended April 30, 2016 and 2015 . Management evaluates financing arrangements for potential impairment by reviewing parties' financial statements along with projections and unit .During three months ended April 30, 2016, Koidu, unit of BSG Resources Ltd, did not make any payments due to the company under the loan.  Full Article

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Tiffany names Roger Farah as chairman in latest management shakeup

Luxury jeweler Tiffany & Co on Thursday named Roger Farah as chairman, the latest management shakeup where outsiders have been brought in to give the iconic company a new look.