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Huge Compensation Swatch Tiffany&Co Four Quarter Loss $100 Million

2014/3/22 9:35:00 53

Huge CompensationSwatchTiffany&CoLoss

< p > because the huge compensation is less than a href= "//www.sjfzxm.com/news/index_c.asp" > Swatch < /a > GroupAG (UHR.VX), Swatch group and its performance is worse than expected. After the 21 quarter of the four quarter earnings report, the US jewelry group Tiffany&Co. shares fell sharply. The deadline for non stylish Chinese web publishing was 3.48% to $88. < /p >
< p > by the four quarter of January 31, 2014, Tiffany&Co. (NYSE:TIF) recorded a loss of $103 million 600 thousand, mainly due to a huge compensation from the previous and SwatchGroupAG (UHR.VX) Swatch's watch agreement default, the fourth quarter earnings per share -0.81 dollars, a net profit of $179 million 600 thousand a year earlier. < /p >
< p > excluding compensation, the fourth quarter Tiffany&Co. (NYSE:TIF) Tiffany net profit was $189 million 800 thousand, or earnings per share of $1.47, or less than expected $1.52. The total income in the fourth quarter was $1 billion 298 million 300 thousand, an increase of 5% over the same period of 1 billion 235 million 800 thousand dollars a year, less than analysts expected. By region, the European market has seen the best performance increase of 10% to 161 million US dollars, and the Americas market has risen 6% to 659 million US dollars. In addition to Japan, the Asia Pacific region has risen 8% to 275 million US dollars, while the a href= "//www.sjfzxm.com/news/index_c.asp" > Japanese market < /a > has dropped 12% to 169 million US dollars. < /p >
< p > group issued a statement at the same time after the earnings announcement, announcing the 3 year period 300 million US dollars < a href= "//www.sjfzxm.com/news/index_c.asp" > stock < /a > buy back plan. < /p >
< p > fourth quarter Tiffany&Co. (NYSE:TIF) Tiffany same store sales increased by 2%, of which the Americas increased by 6%, the European growth rate was 5%, except Japan, the Asia Pacific region increased by 1%, and the Japanese market fell 11% due to the exchange rate problem. The same store sales grew by 3% throughout the year, with the Asia Pacific Region Rising 10%, except Japan, while the Americas and Europe had 3% and 6% of the same store gains, respectively, and the Japanese market was down 10%. < /p >
By the end of January 31, 2014, Tiffany&Co. (NYSE:TIF) Tiffany increased 14 stores in the 2014 fiscal year, reaching 289 stores, including 72 in the Asia Pacific region, 54 in Japan, 37 in Europe, 5 in the United Arab Emirates, and 121 in the Americas in the year of P. In the last fiscal year, there were 66 Asian Pacific regions, 55 Japanese, 34 European, 5 UAE and 115 Americas. < /p >
In the financial year of < p > 2014, Tiffany&Co. (NYSE:TIF) Tiffany net sales amounted to US $4 billion 31 million 100 thousand, up 6.2% from 3 billion 794 million 200 thousand US dollars in the same period last year. The region grew by 5% to 1 billion 900 million US dollars in the region. Apart from Japan, the Asia Pacific region benefited from the strong demand in the Greater China region to rise from 18% to 945 million dollars; the Japanese market fell 9% to 579 million US dollars, and the fall was mainly influenced by exchange rate. Under the fixed exchange rate, the Japanese market had 11% sales growth throughout the whole year; and the sales volume in euro area increased 9% to 4.70 dollars. < /p >
The gross profit margins of the P > fourth quarter and the annual Tiffany&Co. (NYSE:TIF) Tiffany increased by 140 basis points and 110 basis points to 60.5% and 58.1% respectively. < /p >
In the fiscal year P 2014, Tiffany&Co. (NYSE:TIF) Tiffany recorded a net profit of $181 million 400 thousand, or $1.41 per share. The net profit after compensation is $480 million 500 thousand, or $3.73 per share, with a net profit margin of 11.9%. < /p >
< p > Tiffany&Co. (NYSE:TIF) Tiffany expects earnings of $4.05 to $4.15 per share for the 2015 fiscal year ended January 31, 2015. Sales in the 2015 fiscal year are expected to have a high digit growth rate under fixed exchange rate. Meanwhile, there are plans to add 13 new stores in the fiscal year, of which 4 are in the Americas and 5 in Asia Pacific, 2 in Japan, Europe and Russia. < /p >
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