tiffany&co--financial presentation

Tiffany & Co:

Tiffany & Co A Financial Presentation By Tiffany jewelry life

contents :

contents Background of Tiffany ’ s Financial Analysis Liquidity Activity Leverage Profitability Accounting Methods Auditor ’ s Report Contingencies Employee Benefits Conclusions

Background:

Background Founded in 1837 by Charles Lewis Tiffany There are over 150 Tiffany & Co. Stores in 17 countries Revenue for the past 12 months is $2,307, 876,000 Little Switzerland & Iridesse Direct Sourcing relationship Design, Manufacture, Sell The main Tiffany ’ s stores accounted for 82% of net sales in 2004.

Background Products:

Background Products

Background Products:

Background Products

Background:

Background 1837 – Non-negotiable Prices 1865 - Civil War Supplier 1873 – Museums 1885 – Great Seal of the U.S. Silver and Platinum Standards 1950-1961 – Breakfast at Tiffany ’ s (Book & Movie) 1967 – Super Bowl 2004 – NASCAR

Background Competitors:

Background Competitors A&G ARC International Blue Nile Brown-Forman Bulgari Bulova Cartier Chanel Christie's Elizabeth Arden Est é e Lauder Fortunoff Armani Gucci H. Stern Herm è s Inter Parfums L'Or é al Soci é t é du Louvre LVMH Rolex Movado Group Neiman Marcus Nordstrom Parlux Fragrances Revlon Richard-Ginori 1735 Richemont Royal Doulton Saks Fifth Avenue Shiseido Signet Union Diamond Van Cleef & Arpels Waterford Wedgwood Yves Saint-Laurent Groupe Zale

Financial Analysis :

Financial Analysis

Financial Analysis :

Financial Analysis

Financial Analysis :

Financial Analysis

Financial Analysis:

Financial Analysis

Financial Analysis:

Financial Analysis

Financial Analysis:

Financial Analysis

Accounting Methods:

Accounting Methods U.S. Inventory Valuation = LIFO method. LIFO Conformity Rule Foreign Subsidiaries and Japan = Average Cost Depreciation = Straight Line Method. Amortization of Intangible Asset = Straight Line Method.

Auditor’s Report:

Auditor ’ s Report The Auditing Firm was PricewaterhouseCoopers LLP The financial statements were presented fairly and in accordance with the Generally Accepted Accounting Principals. Qualified Opinion- SFAS No. 123R “ Share Based Payment ”

Contingencies:

Contingencies Office, warehouse, manufacturing facility, and retail facility Leases. Routine Litigation

Employee Benefits:

Employee Benefits HEALTH Medical, Dental, Vision, and Prescription Drug Plan RETIREMENT Retirement Savings [401(k)] Plan (with company match) Pension Plan Employee Stock Ownership Plan DISABILITY BENEFITS Long Term Disability Plan Short Term Disability Plan SURVIVOR PROTECTION Group Term Life Insurance Accidental Death & Dismemberment Insurance Business Travel Accident Insurance Supplemental Group Term Life Insurance

Conclusions:

Conclusions I would invest in the Firm. Gross Profit Margin is considerably higher than the Industry average. Net Profit Margin is greater than the Industry Average. I would seek employment in this firm

Recap:

Recap Background of Tiffany ’ s (1831) Financial Analysis Liquidity Good Activity Good Solvency Good Profitability Good Accounting Methods LIFO and WAC Auditor ’ s Report - PricewaterhouseCoopers LLP Unqualified Opinion Contingencies New Accounting Standards, New Assets, Paying off debts, Accelerated Depreciation, Stopping development Employee Benefits Health, Retirement, Disability, Survivor Protection Conclusions Invest Yes Job Yes