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Tiffany & Co (TIF)

TIF on New York Consolidated

88.03USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

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

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

Photo

Costco owes Tiffany $19.4 million for fake Tiffany rings: U.S. judge

(This Aug. 14 story has been corrected to clarify the judge's decision.)