Tiffany & Company Earnings Call, First Quarter 2008
10th July 2008 00:00 AM |
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| The increase in sales, despite modest growth in the U.S. due to challenging conditions, reflects the benefit of globally-diversified distribution. |
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| The jewelry and specialty retail store firm reported worldwide net sales increase of 12% to $668 million, from $596 million in the prior year due to higher-than-expected sales and operating margin. As a result, earnings from continuing operations rose 20% to $64.4 million or 50 cents a share, from $53.8 million or 39 cents a share in the prior year. |
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Tiffany Fourth Quarter Earnings Call
25th March 2008 00:00 AM |
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| Impacted by one-time charges, net income slipped to $118.3 million or 89 cents a share as against $140.5 million or $1.02 a share in prior year. |
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| The designer and retailer of fine jewelry reported revenue of $1.05 billion as against $958.9 million in the prior year. Worldwide, the firm added a net of seventeen company-operated stores and boutiques in 2007, leading to square footage increase of 9% to roughly 860,000 gross square feet. Under the strategic alliance with The Swatch Group, in fiscal 2008, Swatch will begin to manufacture Tiffany watches to expand wholesale distribution to independent watch retailers. |
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Tiffany Third Quarter Earnings Call
3rd December 2007 00:00 AM |
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| Net income jumped to $98.9 million, or 71 cents per share, from $29.1 million, or 21 cents per share, a year ago. |
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| The jewelry and luxury goods retailer added that excluding a gain of 48 cents per share on the sale-leaseback of the Tokyo flagship store, net income was 23 cents per share. Sales climbed 18% to $627.3 million from $531.8 million a year ago, bolstered by a 9% gain in global same store sales. The company boosted its outlook for fiscal 2007 to a range of $2.25 to $2.30 per share, excluding charges and gains, from the earlier outlook of $2.22 to $2.27 per share. |
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Tiffany’s Second Quarter Earnings Call
17th September 2007 00:00 AM |
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| Net income for the quarter dropped to $37 million, or 26 cents per share, from $41.1 million, or 29 cents per share in the year-ago period. |
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| Profit slid 10% on a charge tied to selling the Little Switzerland retail business, but sales beat estimates with broad-based growth across the U.S. and international markets. Revenue rose 20% to $662.6 million from $554.7 million a year ago. Same-store sales advanced 17% domestically and 7% internationally. Tiffany’s expects 14% total sales growth for the full year, including same-store sales growth by a low double-digit percentage in the US and high single-digit percentage internationally. |
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