The 10-second takeaway
For the quarter ended Jan. 31 (Q4), Tiffany met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share expanded slightly.
Margins dropped across the board.
Tiffany tallied revenue of $1.24 billion. The 18 analysts polled by S&P Capital IQ foresaw net sales of $1.25 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.40. The 20 earnings estimates compiled by S&P Capital IQ predicted $1.37 per share. GAAP EPS of $1.40 for Q4 were 1.4% higher than the prior-year quarter's $1.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 59.1%, 130 basis points worse than the prior-year quarter. Operating margin was 23.5%, 60 basis points worse than the prior-year quarter. Net margin was 14.5%, 50 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $856.9 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $4.04 billion. The average EPS estimate is $3.48.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 585 members out of 751 rating the stock outperform, and 166 members rating it underperform. Among 210 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Tiffany a green thumbs-up, and 30 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tiffany is hold, with an average price target of $65.16.
Is Tiffany the right retailer for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Tiffany to My Watchlist.