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Tiffany & Co (TIF.N)

TIF.N on New York Stock Exchange

125.66USD
15 Aug 2018
Change (% chg)

$-6.18 (-4.69%)
Prev Close
$131.84
Open
$130.74
Day's High
$130.74
Day's Low
$124.44
Volume
647,671
Avg. Vol
357,867
52-wk High
$141.50
52-wk Low
$86.15

Latest Key Developments (Source: Significant Developments)

Tiffany Increases Quarterly Dividend By 10 Pct
Thursday, 24 May 2018 

May 24 (Reuters) - Tiffany & Co ::TIFFANY INCREASES QUARTERLY DIVIDEND BY 10%.INCREASES REGULAR QUARTERLY DIVIDEND BY 10 PERCENT TO $0.55PER SHARE.  Full Article

Tiffany Reports Q1 EPS $1.14
Wednesday, 23 May 2018 

May 23 (Reuters) - Tiffany & Co ::TIFFANY REPORTS FIRST QUARTER RESULTS:.Q1 SALES $1.0 BILLION VERSUS I/B/E/S VIEW $959.4 MILLION.Q1 EARNINGS PER SHARE $1.14.Q1 EARNINGS PER SHARE VIEW $0.83 -- THOMSON REUTERS I/B/E/S.BOARD AUTHORIZES $1 BILLION SHARE REPURCHASE PROGRAM.MANAGEMENT UPDATES ITS FULL YEAR OUTLOOK.QTRLY COMPARABLE SALES INCREASED 10%.ON A CONSTANT-EXCHANGE-RATE BASIS, QTRLY WORLDWIDE NET SALES AND COMPARABLE SALES ROSE 11% AND 7%, RESPECTIVELY.NEW SHARE REPURCHASE PROGRAM EXPIRES ON JANUARY 31, 2022.SEES NET CASH PROVIDED BY OPERATING ACTIVITIES OF ABOUT $700 MILLION FOR 2018.BOARD APPROVED REPURCHASE OF $250 MILLION OF STOCK.SEES FREE CASH FLOW OF AT LEAST $400 MILLION FOR 2018.SEES NET EARNINGS INCREASING TO A RANGE OF $4.50 - $4.70 PER DILUTED EARNINGS PER SHARE FOR 2018.SEES FISCAL 2018 WORLDWIDE NET SALES INCREASING BY HIGH-SINGLE-DIGIT PERCENT OVER PRIOR YEAR.SEES MID-TO-HIGH-SINGLE-DIGIT COMPARABLE SALES GROWTH FOR 2018.NET INVENTORIES AT APRIL 30, 2018 WERE 5% ABOVE PRIOR YEAR, WITH 2% OF THE INCREASE RESULTING FROM CURRENCY TRANSLATION.  Full Article

Tiffany Renews Luxottica License Agreement
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Tiffany & Co ::TIFFANY & CO. STRENGTHENS EYEWEAR OFFERING WITH RENEWED LUXOTTICA LICENSE AGREEMENT.SAYS AGREEMENT IS SCHEDULED TO EXPIRE ON DECEMBER 31, 2027.  Full Article

Tiffany Reports Q3 Earnings Per Share $0.80
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Tiffany & Co ::TIFFANY REPORTS THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.80.Q3 SALES $976 MILLION VERSUS I/B/E/S VIEW $957 MILLION.Q3 SAME STORE SALES FELL 1 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.EXPECTS FOR FISCAL 2017, NET INVENTORIES INCREASING AT APPROXIMATELY SAME RATE AS SALES GROWTH​.SEES ‍FISCAL 2017 WORLDWIDE NET SALES INCREASING OVER PRIOR YEAR BY LOW-SINGLE-DIGIT PERCENT AS REPORTED AND ON CONSTANT-EXCHANGE-RATE BASIS​.EXPECTS FOR FISCAL 2017, CAPITAL EXPENDITURES OF $235 MILLION TO $250 MILLION​.‍EXPECTS FOR FISCAL 2017, FREE CASH FLOW OF APPROXIMATELY $450 MILLION​.MANAGEMENT MAINTAINED ITS SALES AND EARNINGS GUIDANCE FOR FULL YEAR ENDING JANUARY 31, 2018​.‍NET INVENTORIES OF $2.3 BILLION AT OCTOBER 31, 2017 WERE 1 PCT ABOVE PRIOR YEAR​.FY EARNINGS PER SHARE VIEW $3.97, REVENUE VIEW $4.08 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Tiffany & Co says number of board directors increased to 12
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Tiffany & Co :Tiffany & Co says number of directors constituting whole board increased to twelve - SEC filing.  Full Article

Tiffany- Stronger yen contributing to increased purchasing attributed to Japanese tourists
Friday, 17 Mar 2017 

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 

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 

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 

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

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Some U.S. industries could thrive amid trade tensions - Cowen

NEW YORK Though the escalating tensions between the United States and several of its trading partners could hurt companies across a broad range of sectors, several industries are poised to withstand them or even thrive, according to U.S. financial services firm Cowen and Company on Friday.