LONDON, UK / ACCESSWIRE / April 23, 2018 / Active-Investors.com has aloof appear a chargeless balance address on Tiffany & Co. (NYSE: TIF) (“Tiffany”). If you appetite admission to this address all you allegation to do is assurance up now by exhausted the afterward articulation www.active-investors.com/registration-sg/?sym=TIF. Tiffany appear its fourth division and budgetary 2017 operating and banking after-effects on March 15, 2018. The Aggregation exhausted balance estimates for the seventh after quarter. Register today and get admission to over 1,000 Chargeless Analysis Letters by aing our armpit below:
Active-Investors.com is focused on giving you appropriate advice and the central bandage on companies that amount to you. This morning, Tiffany best contempo account is on our alarm and our aggregation absitively to put out a absurd address on the aggregation that is now accessible for chargeless below:
Earnings Highlights and Summary
During Q4 2017, Tiffany’s common net sales rose 9% to $1.33 billion compared to $1.22 billion in Q4 2016, consistent from advance in all regions and beyond all artefact categories. The Company’s appear division commensurable abundance sales rose 3%. Tiffany’s appear numbers exhausted analysts’ estimates of $1.30 billion.
For budgetary year 2017, Tiffany’s Common net sales added 4% to $4.17 billion compared to $4.00 billion in FY16.
During Q4 2017, Tiffany’s gross allowance was 63.7% compared to 64.1% in Q4 2016. In the appear quarter, favorable artefact ascribe costs were partly, or completely, account by the dilutive furnishings from added broad administration and added broad sales of diamonds. The Company’s operating allowance was 23.0% in the appear division compared to 20.9% in the above-mentioned year’s aforementioned quarter.
For Q4 2017, Tiffany’s net balance were $62 million, or $0.50 per adulterated share, compared to $158 million, or $1.26 per adulterated share, in Q4 2016. The Company’s after-effects included accuse accretion $146 million, or $1.17 per adulterated share, in the appear division accompanying to the achievement of the US Tax Cuts and Jobs Act. Tiffany’s Q4 2016 net balance included a net allegation of $38 million, or $0.19 per adulterated share, accompanying to assertive impairments.
Tiffany’s adapted net balance rose to $208 million, or $1.67 per adulterated share, in Q4 2017 from balance of $182 million, or $1.45 per adulterated share, in Q4 2016. The Company’s balance exhausted Wall Street’s estimates of $1.63 per share.
For FY17, Tiffany’s net balance were $370 million, or $2.96 per adulterated share, compared to $446 million, or $3.55 per adulterated share, in FY16. The Company’s non-GAAP net balance were $516 million, or $4.13 per adulterated share, in FY17 compared to $470 million, or $3.75 per adulterated share, in FY16.
Net sales by arena
During Q4 2017, Tiffany’s net sales in the Americas, rose 5% to $619 actor and commensurable abundance sales added 5% on a y-o-y basis. In Asia/Pacific, the Company’s absolute net sales jumped 13% to $320 actor in the appear quarter, while commensurable abundance sales rose 3%. Absolute net sales advance reflected college broad and retail sales.
In Japan, Tiffany’s net sales rose 2% to $189 actor and commensurable abundance sales acquired 1% for Q4 2017. In Europe, the Company’s absolute net sales rose 13% to $165 actor in the appear quarter, absorption the absolute furnishings from bill translation, new food and ecommerce sales growth, while commensurable abundance sales rose 1%.
Tiffany opened nine company-operated food in FY17 and bankrupt seven. At January 31, 2018, the Aggregation operated 315 food (124 in the Americas, 87 in Asia/Pacific, 54 in Japan, 46 in Europe, and 4 in the UAE), against 313 food a year ago (125 in the Americas, 85 in Asia/Pacific, 55 in Japan, 43 in Europe, and 5 in the UAE).
During FY17, Tiffany generated $932 actor of banknote breeze from operations against $706 actor in FY16. In FY16, the Aggregation generated $693 actor in chargeless banknote breeze in FY17 against $483 actor in FY16.
Tiffany repurchased added than one actor shares in FY17, including about 400,000 shares in Q4 2017, at a absolute amount of $99 actor in FY17 and $39 actor in the appear quarter, apery an boilerplate amount of $95 in FY17 and $99 in Q4 2017. At January 31, 2018, Tiffany had $211 actor remained accessible for repurchases beneath the affairs that authorizes the repurchase of up to $500 actor of the Company’s Common Banal and that expires on January 31, 2019.
At January 31, 2018, Tiffany’s banknote and banknote equivalents and concise investments totaled $1.3 billion and absolute debt was $1.0 billion.
Fiscal 2018 Outlook
For budgetary 2018, Tiffany is forecasting common net sales to abound by a mid-single-digit allotment on a y-o-y basis. The Company’s net balance are accustomed to be in the bandage of $4.25 – $4.45 per adulterated share. Tiffany is ciphering net banknote provided by operating activities of $660 actor and chargeless banknote breeze of $380 million.
Stock Achievement Snapshot
April 20, 2018 – At Friday’s closing bell, Tiffany’s banal was hardly up 0.83%, catastrophe the trading affair at $98.84.
Volume traded for the day: 1.53 actor shares.
Stock achievement in the aftermost ages – up 1.85%; antecedent six-month aeon – up 4.68%; and accomplished twelve-month aeon – up 7.27%
After aftermost Friday’s close, Tiffany’s bazaar cap was at $12.45 billion.
Price to Balance (P/E) arrangement was at 33.43.
The banal has a allotment crop of 2.02%.
The banal is allotment of the Services sector, categorized beneath the Jewelry Food industry.
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