United States

Tiffany & Co (TIF)

TIF on New York Consolidated

29 Mar 2017
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$0.36 (+0.37%)
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Latest Key Developments (Source: Significant Developments)

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

Tiffany Q1 earnings per share $0.69
Wednesday, 25 May 2016 06:40am EDT 

Tiffany & Co : "As expected, this was a difficult quarter in terms of both sales and earnings growth." . Expects diluted eps in q2 to decline by a similar rate as occurred in q1 . Now forecasting full year earnings per diluted share in 2016 to decline by a mid-single-digit percentage . "we faced numerous challenges, including continued pressure from foreign tourist spending in europe, u.s. And asia, particularly in hong kong" . Sees fy worldwide net sales declining by a low-single-digit percentage from prior year . Tiffany & co sees fy 2016 net inventories unchanged from prior year . Net inventories at april 30, 2016 were 2% lower than prior year . Tiffany & co sees 2016 capital expenditures of $260 million . Tiffany & co says in americas, q1 total sales of $403 million were 9% below prior year . Q2 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $3.77, revenue view $4.10 billion -- Thomson Reuters I/B/E/S . Tiffany reports first quarter results . Q1 earnings per share $0.69 . Q1 sales $891 million versus i/b/e/s view $915.1 million . Q1 same store sales fell 9 percent .Q1 earnings per share view $0.68 -- Thomson Reuters I/B/E/S.  Full Article

Tiffany says CEO Frederic Cumenal to be considered "principal financial officer" for SEC reporting purposes
Thursday, 19 May 2016 05:13pm EDT 

Tiffany & Co :Frederic Cumenal, chief executive officer, will be considered company's "principal financial officer" for SEC reporting purposes.  Full Article

Tiffany & Co executive VP, CFO Ralph Nicoletti to resign May 20
Friday, 13 May 2016 06:47am EDT 

Tiffany & Co : On May 10, 2016, Ralph Nicoletti, executive vice president - CFO of co notified he intends to resign , effective May 20, 2016 .Company will conduct a search to identify a successor - SEC filing.  Full Article

Tiffany Declares Regular Quarterly Dividend
Thursday, 18 Feb 2016 09:15am EST 

Tiffany & Co:declared a regular quarterly dividend of $0.40 per share of Common Stock.The dividend will be paid on April 11, 2016 to shareholders of record on March 21, 2016.  Full Article

Tiffany & Co announces new stock repurchase program
Thursday, 21 Jan 2016 04:01pm EST 

Tiffany & Co:Board of Directors has approved a new stock repurchase program.Says effective immediately, this new program authorizes the repurchase of up to $500 million of Company's Common Stock through open market transactions.Program will expire on January 31.  Full Article

Tiffany & Co updates FY 2015 outlook; gives FY 2016 outlook
Tuesday, 19 Jan 2016 06:40am EST 

Tiffany & Co:Expects net earnings in FY 2015 to decline about 10 pct. (compared with its previously-reported forecast calling for a 5%-10% decline) from last year's $4.20 per diluted share (excluding the loan impairment charge in the second quarter of 2015 and a debt extinguishment charge in 2014).Expects minimal growth in net sales and net earnings for FY 2016, as reported in dollars and excluding charges in FY 2015, for the year.  Full Article

Tiffany & Co comments on FY 2016 net earnings guidance
Thursday, 27 Aug 2015 07:30am EDT 

Tiffany & Co:Sees FY 2016, net earnings to be 2 pct.- 5 pct. below last year's $4.20 per diluted share (excluding the loan impairment charge in the second quarter of 2015 and a debt extinguishment charge in 2014).  Full Article

Tiffany & Co declares regular quarterly dividend
Thursday, 20 Aug 2015 09:15am EDT 

Tiffany & Co:Declares regular quarterly dividend of $0.40 per share of Common Stock.Payable on Oct. 13 to stockholders of record on Sept. 21.  Full Article

Tiffany & Co raises quarterly dividend
Thursday, 28 May 2015 09:30am EDT 

Tiffany & Co:Declares a regular quarterly dividend of $0.40 per share of Common Stock, representing a 5 pct increase in the quarterly rate.Says this action increases the quarterly dividend from $0.38 per share (or $1.52 annually) to the new rate of $0.40 per share (or $1.60 annually).  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