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United States

Tiffany & Co (TIF)

TIF on New York Consolidated

92.67USD
19 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Tiffany & Co Reports Q1 Earnings Per Share $1.03
Tuesday, 4 Jun 2019 06:40am EDT 

June 4 (Reuters) - Tiffany & Co ::TIFFANY REPORTS FIRST QUARTER RESULTS; BOARD INCREASES QUARTERLY DIVIDEND BY FIVE PERCENT.Q1 EARNINGS PER SHARE $1.03.Q1 EARNINGS PER SHARE ESTIMATE $1.02 -- REFINITIV IBES DATA.INCREASES QUARTERLY DIVIDEND BY FIVE PERCENT.QTRLY COMPARABLE SALES DECLINED 5%.QTRLY WORLDWIDE NET SALES DECLINED 3% TO $1.0 BILLION AND COMPARABLE SALES DECLINED 5%.DECLARED A REGULAR QUARTERLY DIVIDEND OF $0.58 PER SHARE OF COMMON STOCK.NET INVENTORIES AT APRIL 30, 2019 WERE 6% ABOVE PRIOR YEAR DUE TO A HIGHER LEVEL OF FINISHED GOODS INVENTORIES.Q1 RESULTS REFLECT SIGNIFICANT FOREIGN EXCHANGE HEADWINDS, "DRAMATICALLY" LOWER WORLDWIDE SPENDING ATTRIBUTED TO FOREIGN TOURISTS.Q1 RESULTS REFLECT SIGNIFICANT FOREIGN EXCHANGE HEADWINDS AND DRAMATICALLY LOWER WORLDWIDE SPENDING ATTRIBUTED TO FOREIGN TOURISTS.SEES FY NET EARNINGS PER DILUTED SHARE INCREASING BY A LOW-TO-MID-SINGLE-DIGIT PERCENTAGE.SEES CONTINUED EXPECTATION FOR A DECLINE IN NET EARNINGS PER DILUTED SHARE IN Q2 OF YEAR.SEES TARIFFS INCREASING ON JEWELRY CO EXPORTS FROM U.S. TO CHINA FROM CURRENT LEVELS TO A NEW LEVEL OF 25% ON AVERAGE IN 2019.ON A CONSTANT-EXCHANGE-RATE BASIS COMPARABLE SALES DECLINED 2% IN QUARTER.FY EARNINGS PER SHARE VIEW $4.97, REVENUE VIEW $4.55 BILLION -- REFINITIV IBES DATA.QTRLY NET SALES $1,003.1 MILLION VERSUS $1,033.2 MILLION.  Full Article

Jana Partners Dissolves Sole Share Stake In Microsoft, Ups In Conagra Brands
Wednesday, 15 May 2019 08:05am EDT 

May 15 (Reuters) - Jana Partners: :JANA PARTNERS DISSOLVES SOLE SHARE STAKE IN MICROSOFT - SEC FILING.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN TIFFANY & CO BY 50.1% TO 941,895 SHARES.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN JACK IN THE BOX INC BY 41.3% TO 932,132 SHARES.JANA PARTNERS LLC UPS SOLE SHARE STAKE IN CONAGRA BRANDS INC BY 10.5% TO 15.0 MILLION SHARES.JANA PARTNERS - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DECEMBER 31, 2018.  Full Article

Tiffany Says Expects To Launch An E-Commerce Enabled Website In China In 2019
Friday, 22 Mar 2019 12:31pm EDT 

March 22 (Reuters) - Tiffany & Co ::TIFFANY & CO - EXPECTS TO LAUNCH AN E-COMMERCE ENABLED WEBSITE IN CHINA IN 2019 - SEC FILING.TIFFANY & CO - ON FEB 7, COURT AWARDED TIFFANY PLAINTIFFS $5.9 MILLION FOR TRADEMARK INFRINGEMENT LAWSUIT AGAINST COSTCO.TIFFANY & CO - COSTCO HAS FILED AN APPEAL FROM THE JUDGMENT.TIFFANY & CO - COURT AWARDED TIFFANY PLAINTIFFS $5.9 MILLION IN RESPECT OF AFOREMENTIONED ATTORNEYS' FEES AND COSTS, BRINGING JUDGMENT TO $26.9 MILLION.  Full Article

Tiffany & Co Q4 Earnings Per Share $1.67
Friday, 22 Mar 2019 06:40am EDT 

March 22 (Reuters) - Tiffany & Co ::TIFFANY REPORTS NET SALES AND NET EARNINGS GROWTH IN FULL YEAR 2018; MANAGEMENT REITERATES EXPECTATIONS FOR 2019.Q4 EARNINGS PER SHARE $1.67.Q4 EARNINGS PER SHARE ESTIMATE $1.60 -- REFINITIV IBES DATA.MANAGEMENT REITERATES EXPECTATIONS FOR 2019."SOFTER TRENDS IN SECOND HALF OF YEAR REFLECTED, IN PART, WHAT WE BELIEVE WERE EXTERNAL CHALLENGES AND UNCERTAINTIES".ON A CONSTANT-EXCHANGE-RATE BASIS, QTRLY WORLDWIDE NET SALES ROSE 1% AND COMPARABLE SALES WERE UNCHANGED..QTRLY WORLDWIDE NET SALES DECLINE ATTRIBUTED TO SOFTER DEMAND BY LOCAL CUSTOMERS & FOREIGN TOURISTS ACROSS MOST REGIONS & PRODUCT CATEGORIES.NET INVENTORIES AT JANUARY 31, 2019 WERE 8% ABOVE PRIOR YEAR, PRIMARILY REFLECTING HIGHER LEVELS OF FINISHED GOODS INVENTORIES..1% WORLDWIDE NET SALES DECLINE TO $1.3 BILLION IN QUARTER.Q4 REVENUE VIEW $1.33 BILLION -- REFINITIV IBES DATA.FY EARNINGS PER SHARE VIEW $4.92, REVENUE VIEW $4.58 BILLION -- REFINITIV IBES DATA.  Full Article

Tiffany Sees FY 2018 Sales Up 6 To 7 Percent
Friday, 18 Jan 2019 06:40am EST 

Jan 18 (Reuters) - Tiffany & Co ::TIFFANY REPORTS ITS HOLIDAY PERIOD SALES RESULTS; COMPANY EXPECTS TO REPORT RECORD SALES AND NET EARNINGS IN FULL YEAR.SEES FY 2018 SALES UP 6 TO 7 PERCENT.MANAGEMENT UPDATED ITS OUTLOOK FOR YEAR ENDING JANUARY 31, 2019 ("FISCAL 2018") AND PROVIDED PRELIMINARY GUIDANCE FOR FISCAL 2019..HOLIDAY PERIOD WORLDWIDE NET SALES DECLINED 1% TO $1.04 BILLION AND COMPARABLE SALES DECLINED 2%.WORLDWIDE NET SALES FOR FISCAL 2018 WILL INCREASE BY 6%-7% OVER PRIOR YEAR.ATTRIBUTE HOLIDAY SALES RESULTS DIFFERENCE FROM EXPECTATIONS PARTLY TO LOWER SALES TO FOREIGN (PRIMARILY CHINESE) TOURISTS GLOBALLY.EXPECTS 2018 NET EARNINGS PER DILUTED EARNINGS PER SHARE WILL LIKELY BE TOWARDS LOWER END OF PREVIOUSLY-DISCLOSED RANGE OF $4.65-$4.80 PER DILUTED EARNINGS PER SHARE.FOR FISCAL 2019 SEES WORLDWIDE NET SALES INCREASING BY LOW-SINGLE-DIGIT PERCENT OVER PRIOR YEAR AS REPORTED, ON CONSTANT-EXCHANGE-RATE BASIS.HOLIDAY PERIOD TOTAL NET SALES DECLINED 1% TO $514 MILLION IN AMERICAS, COMPARABLE SALES WERE EQUAL TO PRIOR YEAR.EXPECTS NET CASH PROVIDED BY OPERATING ACTIVITIES OF APPROXIMATELY $550 MILLION FOR 2018.ATTRIBUTE HOLIDAY SALES RESULTS DIFFERENCE FROM EXPECTATIONS ALSO TO SOFTENING DEMAND ATTRIBUTED TO LOCAL CUSTOMERS IN AMERICAS AND EUROPE.SEES FY 2019 NET EARNINGS PER DILUTED SHARE INCREASING BY A MID-SINGLE-DIGIT PERCENTAGE.SEES FREE CASH FLOW OF APPROXIMATELY $250 MILLION FOR 2018.  Full Article

Tiffany- Delivered notice to Jana Co To Have Each Of Roger Farah, James Lillie, Francesco Trapani on slate of director nominees for 2019 annual meeting
Thursday, 6 Dec 2018 04:53pm EST 

Dec 6 (Reuters) - Tiffany & Co ::TIFFANY- DELIVERED NOTICE TO JANA CO TO HAVE EACH OF ROGER FARAH, JAMES LILLIE, FRANCESCO TRAPANI ON SLATE OF DIRECTOR NOMINEES FOR 2019 ANNUAL MEETING.TIFFANY & CO - BOARD IS WORKING WITH A SEARCH FIRM TO IDENTIFY ADDITIONAL "QUALIFIED" DIRECTOR CANDIDATES - SEC FILING.TIFFANY & CO - JANA IS REQUIRED TO NOTIFY CO BY NO LATER THAN DEC 13 BUSINESS CLOSE AS TO WHETHER JANA AGREES TO INCLUSION OF THE THREE DIRECTORS.TIFFANY & CO - IF JANA AGREES TO INCLUSION OF FARAH, LILLIE AND TRAPANI ON SUCH SLATE, STANDSTILL PERIOD WILL BE EXTENDED.  Full Article

Tiffany reports third quarter results
Wednesday, 28 Nov 2018 06:40am EST 

Nov 28 (Reuters) - Tiffany & Co ::TIFFANY REPORTS THIRD QUARTER RESULTS:.COMPANY MAINTAINS ITS FULL YEAR EARNINGS OUTLOOK.QTRLY WORLDWIDE NET SALES INCREASED 4 TO $1.0 BILLION.QTRLY EARNINGS PER SHARE $0.77.QTRLY COMPARABLE SALES ROSE 2.NET INVENTORIES AT OCTOBER 31, 2018 WERE 6 ABOVE PRIOR YEAR.SEES 2018 WORLDWIDE NET SALES INCREASING BY A HIGH-SINGLE-DIGIT PERCENTAGE OVER PRIOR YEAR.SEES 2018 NET EARNINGS IN A RANGE OF $4.65 - $4.80 PER DILUTED SHARE.QTRLY NET SALES $1012.4 MILLION VERSUS $976.2 MILLION.SEES 2018 MID-SINGLE-DIGIT COMPARABLE SALES GROWTH, WITH VARYING DEGREES OF GROWTH IN ALL REGIONS.SEES 2018 WORLDWIDE NET SALES INCREASING BY HIGH-SINGLE-DIGIT PERCENT OVER PRIOR YEAR BOTH AS REPORTED AND ON A CONSTANT-EXCHANGE-RATE BASIS.JEWELRY VOLUMES ALSO INCREASED IN QUARTER.SEES 2018 EPS BENEFITTING FROM SHARE REPURCHASES WHICH ARE EXPECTED TO TOTAL ABOUT $400 MILLION FOR FY.LOWER-THAN-EXPECTED SPENDING IN Q3 ATTRIBUTED TO CHINESE TOURISTS IN U.S. AND HONG KONG.SEES 2018 FREE CASH FLOW APPROACHING $300 MILLION.TIFFANY- "Q3 SALES TO LOCAL CUSTOMERS CONTINUED TO GROW AT STRONG RATE WORLDWIDE, WERE POSITIVE IN EVERY REGION, WITH PARTICULARLY STRONG GROWTH IN MAINLAND CHINA".LOWER WHOLESALE TRAVEL-RETAIL SALES IN KOREA IN QUARTER.SEES 2018 CAPITAL EXPENDITURES OF $280 MILLION.ON A CONSTANT-EXCHANGE-RATE BASIS, QTRLY WORLDWIDE NET SALES AND COMPARABLE SALES INCREASED 5% AND 3%, RESPECTIVELY.Q3 EARNINGS PER SHARE VIEW $0.77, REVENUE VIEW $1.05 BILLION -- REFINITIV IBES DATA.  Full Article

Tiffany & Co Says Chairman Roger Farah Made Open Market Purchase Of 10,000 Shares Of Common Stock
Thursday, 29 Mar 2018 06:00pm EDT 

March 29 (Reuters) - Tiffany & Co ::TIFFANY & CO SAYS CHAIRMAN ROGER FARAH REPORTS OPEN MARKET PURCHASE OF 10,000 SHARES OF CO'S COMMON STOCK AT AVERAGE PRICE OF $97.66PER SHARE ON MARCH 27.  Full Article

Tiffany Reports Qtrly Earnings Per Share $0.50
Friday, 16 Mar 2018 06:30am EDT 

March 16 (Reuters) - Tiffany & Co ::TIFFANY REPORTS FISCAL 2017 RESULTS.Q4 SALES $1.3 BILLION VERSUS I/B/E/S VIEW $1.31 BILLION.‍MANAGEMENT REITERATES AND ELABORATES ON FISCAL 2018 GUIDANCE​.NET INVENTORIES OF $2.3 BILLION AT JANUARY 31, 2018 WERE 4% ABOVE PRIOR YEAR.QTRLY EARNINGS PER SHARE $0.50.SEES 2018 ‍WORLDWIDE NET SALES INCREASING BY A MID-SINGLE-DIGIT PERCENTAGE​.EXCLUDING ALL CHARGES, QTRLY NET EARNINGS ROSE 15% TO $208 MILLION, OR $1.67 PER DILUTED SHARE.SEES 2018 ‍NET EARNINGS INCREASING TO A RANGE OF $4.25 - $4.45 PER DILUTED SHARE​.QTRLY COMPARABLE STORE SALES ROSE 3%.SEES 2018 FREE CASH FLOW OF $380 MILLION.ON A CONSTANT-EXCHANGE-RATE BASIS, QTRLY WORLDWIDE NET SALES ROSE 6% AND COMPARABLE STORE SALES WERE 1% ABOVE PRIOR YEAR.SEES 2018 CAPITAL EXPENDITURES OF $280 MILLION.SEES 2018 ‍EARNINGS BEFORE INCOME TAXES EQUAL TO OR SLIGHTLY BELOW PRIOR YEAR​.NET EARNINGS IN 2017 INCLUDED CHARGES RECORDED IN Q4 OF $1.17/DILUTED SHARE, RELATED TO ENACTMENT OF U.S. TAX CUTS AND JOBS ACT.INCREASING INVESTMENT NOW IN CERTAIN AREAS ARE EXPECTED TO HINDER PRE-TAX EARNINGS GROWTH IN NEAR-TERM​.SEES 2018 NET INVENTORIES INCREASING APPROXIMATELY IN LINE WITH SALES GROWTH.Q4 EARNINGS PER SHARE VIEW $1.64, REVENUE VIEW $1.31 BILLION -- THOMSON REUTERS I/B/E/S.TIFFANY - ‍BELIEVE INCREASING INVESTMENT NOW IN TECHNOLOGY, MARKETING COMMUNICATIONS, VISUAL MERCHANDISING, DIGITAL AND STORE PRESENTATIONS NEEDED​.FY EARNINGS PER SHARE VIEW $4.37 -- THOMSON REUTERS I/B/E/S.  Full Article

Tiffany Reports 8 Pct Increase In Holiday Period Sales
Wednesday, 17 Jan 2018 06:40am EST 

Jan 17 (Reuters) - Tiffany & Co ::TIFFANY REPORTS 8% INCREASE IN HOLIDAY PERIOD SALES; MANAGEMENT UPDATES GUIDANCE FOR FISCAL 2017 AND PROVIDES PRELIMINARY OUTLOOK FOR FISCAL 2018.SEES FY 2017 SALES UP ABOUT 4 PERCENT.- ‍RESULTS IN HOLIDAY PERIOD HAVE LED MANAGEMENT TO INCREASE ITS NET EARNINGS GUIDANCE FOR YEAR ENDING JANUARY 31, 2018​.- WORLDWIDE NET SALES INCREASED 8% TO $1.05 BILLION IN TWO MONTHS ENDED DECEMBER 31, 2017.- ‍ PRELIMINARY VIEW FOR FISCAL 2018 CALLS FOR A MID-SINGLE-DIGIT PERCENTAGE INCREASE IN WORLDWIDE SALES​.SEES 2018 EARNINGS PER SHARE TO BE FLAT TO SLIGHTLY DOWN FROM FORECASTED 2017 EARNINGS PER SHARE.- ESTIMATES THAT RE-MEASUREMENT, DEEMED REPATRIATION TAX WILL RESULT IN CHARGES OF $115-$165 MILLION IN QUARTER ENDING JANUARY 31, 2018.- COMPARABLE STORE SALES ROSE 5% IN TWO MONTHS ENDED DECEMBER 31, 2017.- ‍ NET EARNINGS PER DILUTED SHARE IN FISCAL 2018 IS EXPECTED TO BENEFIT FROM AN EXPECTED LOWER EFFECTIVE INCOME TAX RATE​.- ‍IN AMERICAS, ON CONSTANT-EXCHANGE-RATE BASIS, THERE WAS 6% INCREASE IN BOTH TOTAL SALES AND COMPARABLE STORE SALES IN HOLIDAY PERIOD​.- EXPECTS FOR FISCAL 2017 FREE CASH FLOW OF MORE THAN $500 MILLION.- EXPECTS FOR FISCAL 2017 CAPITAL EXPENDITURES OF $235 MILLION.SAYS NOW SEES EARNINGS PER SHARE FOR FISCAL 2017 INCREASING BY A DOUBLE-DIGIT PERCENT OVER 2016'S NET EARNINGS PER DILUTED SHARE OF $3.55.- ‍NET EARNINGS PER DILUTED SHARE IN FISCAL 2018 IS EXPECTED TO BENEFIT FROM RECENT U.S. TAX CODE REVISIONS.  Full Article

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U.S. retailers' halting outlook reveals scale of tariff fear

The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.