RSA Conference Exhibitor List 2024 - Exhibitors Data
Stock Pick Tif
1. Tiffany & Co. (TIF)
Financial Highlights
o First Half (6 Months Ended July 31, 2011) Summary:
• Worldwide net sales rose 25% to $1.6 billion. Net earnings rose 30% to $171.1 million.
• Earnings in the first half of 2011 excluding nonrecurring items rose 49%.
o 2011 2Q Net Sales Highlights by Regions:
Net Sales Increases Compared to 2010 2Q Net Sales by Regions
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2. Tiffany & Co. (Cont’d)
Expanded Ratio and Key Growth Rates
• Continuing net sales growth in 2012 as TIF opens 17 new stores in
Asia
• Improved confidence among luxury shoppers
• Reaching new customers through both retail and online expansion
• Innovative new collections and product categories
• Ability to raise prices to offset rising commodity costs without hurting
the Tiffany brand's competitive positioning in the luxury market
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Hinweis der Redaktion
In the Americas, sales rose 25% to $438.2 million in the second quarter and 22% to $812.9 million in the first half. On a constant-exchange-rate basis, total sales and comparable store sales in the quarter rose 24% and 23% and in the first half rose 21% and 20% (in the quarter and first half, sales in the New York flagship store increased 41% and 33%, benefiting from strong foreign tourist demand, and comparable branch store sales in the Americas increased 19% and 17%). Internet and catalog sales in the Americas increased 16% and 15%. In Asia-Pacific, sales increased 55% to $173.2 million in the second quarter and 46% to $340.5 million in the first half. On a constant-exchange-rate basis, sales increased 45% and 38% and comparable store sales increased 41% and 33% due to growth in most countries with the largest increase in the greater China region. In Japan, sales rose 21% to $142.5 million in the second quarter and 14% to $265.9 million in the first half. On a constant-exchange-rate basis, total sales increased 8% and 2% due to comparable store sales growth of 8% and 3%. In Europe, sales increased 32% to $101.3 million in the second quarter and 28% to $187.0 million in the first half. On a constant-exchange-rate basis, sales increased 17% and 18% and comparable store sales rose 11% and 12% reflecting growth in most countries. At July 31, 2011, the Company operated 236 stores (98 in the Americas, 55 in Japan, 52 in Asia-Pacific and 31 in Europe), versus 223 a year ago (91 in the Americas, 57 in Japan, 48 in Asia-Pacific and 27 in Europe). Other sales increased 46% to $17.4 million in the second quarter and 14% to $27.5 million in the first half. In both periods, there were increased wholesale sales of finished products to independent distributors within emerging markets, partly offset in the first half by a decline in wholesale sales of rough diamonds.
In the Americas, sales rose 25% to $438.2 million in the second quarter and 22% to $812.9 million in the first half. On a constant-exchange-rate basis, total sales and comparable store sales in the quarter rose 24% and 23% and in the first half rose 21% and 20% (in the quarter and first half, sales in the New York flagship store increased 41% and 33%, benefiting from strong foreign tourist demand, and comparable branch store sales in the Americas increased 19% and 17%). Internet and catalog sales in the Americas increased 16% and 15%. In Asia-Pacific, sales increased 55% to $173.2 million in the second quarter and 46% to $340.5 million in the first half. On a constant-exchange-rate basis, sales increased 45% and 38% and comparable store sales increased 41% and 33% due to growth in most countries with the largest increase in the greater China region. In Japan, sales rose 21% to $142.5 million in the second quarter and 14% to $265.9 million in the first half. On a constant-exchange-rate basis, total sales increased 8% and 2% due to comparable store sales growth of 8% and 3%. In Europe, sales increased 32% to $101.3 million in the second quarter and 28% to $187.0 million in the first half. On a constant-exchange-rate basis, sales increased 17% and 18% and comparable store sales rose 11% and 12% reflecting growth in most countries. At July 31, 2011, the Company operated 236 stores (98 in the Americas, 55 in Japan, 52 in Asia-Pacific and 31 in Europe), versus 223 a year ago (91 in the Americas, 57 in Japan, 48 in Asia-Pacific and 27 in Europe). Other sales increased 46% to $17.4 million in the second quarter and 14% to $27.5 million in the first half. In both periods, there were increased wholesale sales of finished products to independent distributors within emerging markets, partly offset in the first half by a decline in wholesale sales of rough diamonds.
