New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 10, 2013
11:32 EDTKORS, COH, TIFTiffany guidance, weak holiday sales drag on luxury peers
Earlier today, Tiffany & Co. (TIF) issued disappointing FY12 EPS guidance, indicating that results would come in at the lower end of its $3.20-$3.40 range, versus consensus of $3.26. The company also reported its holiday same-store sales were unchanged from a year ago. It said it was planning for sales to grow “conservatively” for 2013, accompanied by net earnings growth of 6%-9%. The news comes amid several recent reports indicating poor holiday sales for major retailers which are likely to adversely affect profit margins. In late morning trading, Tiffany shares are down about 3.4% to $61.09, but had been down as much as 7% shortly after the open. Other luxury retailers are falling in sympathy, with Coach (COH) down about 2% and Michael Kors (KORS) off by nearly 3%.
News For TIF;COH;KORS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 30, 2015
09:13 EDTCOH, KORSCowen lowers handbag estimates, calls Kate Spade favorite name in space
Subscribe for More Information
June 23, 2015
10:37 EDTTIFTiffany sees 'minimal growth' in FY EPS, consensus $4.23
Says plans to increase global square footage 4%-5% annually for the foreseeable future. Sees ability to generate "healthy" free cash flow. Sees demand for products "consistent" with past trends. Says branded jewelry continues to be attractive globally. Says tourism purchases in the U.S. are "definitely down," but seeing pickups in other markets around the world. Comments made by CFO Ralph Nicoletti at the Jefferies 2015 Global Consumer Conference. Tiffany & Co is up 0.9% to $94.06 in morning trading.
05:59 EDTKORSStocks with implied volatility below IV index mean; DE KORS
Subscribe for More Information
June 19, 2015
09:39 EDTKORSMichael Kors North American retail sales trends soft, says Cleveland Research
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use