LONDON, April 17, 2015 /PRNewswire/ --

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Investor-Edge.com has issued free earnings review on Tiffany & Co. (NYSE: TIF). On March 20, 2015, the company reported its financial results for Q4 FY14 and full-year FY14 (period ended January 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Tiffany&d=17-Apr-2015&s=TIF to read our free earnings review on Tiffany and Co. (Tiffany). During Q4 FY14 and FY14, the company's net sales were $1.29 billion and $4.25 billion, respectively. Chairman and CEO of Tiffany, Michael J. Kowalski, stated that FY14 was a successful year for the company with meaningful progress made by its global team. The company expanded its store base, introduced compelling new jewelry designs and strengthened customer awareness, he informed. He further added that Tiffany achieved very healthy growth in net sales and earnings for 2014. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Tiffany&d=17-Apr-2015&s=TIF

Earnings Overview

During Q4 FY14, Tiffany's net sales fell 1% Y-o-Y from $1.30 billion in Q4 FY13. The company's Q4 FY14 net sales were in-line with Bloomberg analysts' forecasts. In constant currency basis, the company's net sales grew 3% Y-o-Y in Q4 FY14, led by growth in Europe and Asia-Pacific, with the largest growth in the fashion jewelry category. Further, Tiffany's worldwide comparable store sales for Q4 FY14 were equal to comparable store sales reported in Q4 FY13.

In Q4 FY14, Tiffany's operating margin came in at 23.7% compared to 24.1% in Q4 FY13 (excluding the arbitration charge in FY13). Further, the company's GAAP net earnings were $196.18 million, or $1.51 per diluted share, in Q4 FY14, compared with a GAAP net loss of $103.60 million, or $0.81 loss per diluted share, in Q4 FY13. During Q4 FY14, analysts from Bloomberg had expected the company to report GAAP net earnings of $194.20 million, or $1.50 per diluted share. Furthermore, Tiffany's non-GAAP net earnings increased 3% Y-o-Y in Q4 FY14 from $189.80 million, or $1.47 per diluted share, in Q4 FY13. Free research on TIF can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Tiffany&d=17-Apr-2015&s=TIF

During FY14, Tiffany's net sales rose 5% Y-o-Y from $4.03 billion in FY13. The company's net sales for FY14 slightly missed Bloomberg analysts' forecasts of $4.26 billion. In constant currency basis, Tiffany's net sales increased 7% Y-o-Y. Moreover, Tiffany's worldwide comparable store sales improved 4% in FY14.

For FY14, Tiffany's operating margin stood at 21.0% compared to 19.7% in FY13 (excluding the arbitration charge in FY13). GAAP net earnings for FY14 were $484.18 million, or $3.73 per diluted share, compared to $181.37 million, or $1.41 per diluted share, in FY13. Analysts from Bloomberg had expected GAAP net earnings of $517.14 million, or $3.89 per diluted share, in FY14. Additionally, Tiffany's FY14 non-GAAP net earnings increased 13% Y-o-Y from $480.56 million, or $3.73 per diluted share, in FY13.

During Q4 FY14, Tiffany repurchased approximately 53,000 shares of its common stock at an average cost of $89.89 per share and for a total value of $5 million, and the company spent $27 million in FY14 to repurchase approximately 301,000 shares at an average cost of $89.91 per share. As of January 31, 2015, the company had $273 million remaining for authorized repurchases under its $300 million, three-year program that expires in March 2017. Sign up and read the free analyst's notes on TIF at:

http://get.Investor-Edge.com/pdf/?c=Tiffany&d=17-Apr-2015&s=TIF

In its guidance for full-year FY15, Tiffany is forecasting minimal growth in net earnings per diluted share from $4.20 (excluding charges) earned in FY14. Further, the company anticipates a decline of approximately 30% in its Q1 FY15's net earnings and a more modest decline in Q2 FY15, followed by expected double-digit percentage net earnings increases in Q3 FY15 and Q4 FY15.

Stock Performance

On the day of the earnings release, March 20, 2015, Tiffany's stock declined 3.98% to end the session at $82.93. Since then, the stock has moved both ways with gains outperforming losses. However, on the last close, Thursday, April 16, 2015, Tiffany's shares finished 1.92% lower at $85.74. The company's shares vacillated between $85.57 and $87.26 during the trading session. A total of 1.44 million shares were traded which was below their three months average volume of 1.63 million shares. The stock has fallen by 0.03% in the last one month and 3.01% in the past three months. Visit Investor-Edge and access the latest research on TIF at:

http://get.Investor-Edge.com/pdf/?c=Tiffany&d=17-Apr-2015&s=TIF

Sneak Peek to Corporate Insider Trading

In the last one month, there were 20 corporate insider transactions done by 10 individuals. Between March 24, 2015 and April 07, 2015, Rose Marie Bravo, Director at Tiffany, bought 14,717 shares at an average price of $33.94 per share and for a total value of $499,564. During the same period, a total of 41,965 shares, worth $3.70 million, were disposed at an average price of $88.11 per share. The following are some of the abovementioned transactions: Ms. Rose Marie Bravo sold 14,717 shares at an average price of $87.04 per share; Caroline D. Naggiar, Senior Vice President-Chief Marketing Officer at Tiffany, disposed 13,997 shares at an average price of $89.93 per share; and Michael J. Kowalski sold 4,656 shares at an average price of $87.61 per share. Complimentary in-depth research on TIF is available at:

http://get.Investor-Edge.com/pdf/?c=Tiffany&d=17-Apr-2015&s=TIF

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