Insight ReportTIFFANY & CO. (TIF) 2Q16 RESULTS: LOWER COSTS, HIGHER PRICES DRIVE BETTER MARGINS Coresight Research August 26, 2016 Executive Summary Tiffany & Company reported 2Q16 adjusted EPS of $0.84 versus the consensus estimate of $0.72. Total revenue was $931.6 million versus expectations of $932.7 million. Comps were down 9% on a global basis, driven by a 9% decline in the Americas, a 9% decline in the Asia-Pacific region, a 3% decline in Japan and a 13% decline in Europe. Other comps were down 22%, driven by lower sales in the UAE and an increase in wholesale diamonds. Management attributed the declines in sales to both local customers and foreign tourists in most regions. Management reiterated its prior guidance. EPS for the full year is expected to decline by a mid-single-digit percentage from last year’s $3.83. Sales are expected to decline by a low-single-digit rate year over year. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 29: US Holiday, Back to School and Prime DayThree Data Points We’re Watching This Week, Week 2: Global Retail Predictions for 2025Financial Confidence Reaches Five-Month High; TJX Dominates Off-Price Retail; Dollar Tree Leads Dollar Stores: US Consumer Survey InsightsAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John Mercer
