SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 11, 2000
TIFFANY & CO.
(Exact name of Registrant as specified in its charter)
Delaware 1-9494 13-3228013
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification
Number)
727 Fifth Avenue, New York, New York 10022
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 755-8000
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Item 5: Other Events.
On October 11, 2000, Registrant issued the following press release
announcing its third quarter to-date sales are strong and earnings are projected
to exceed expectations:
NEW YORK, October 11, 2000 - Tiffany & Co. (NYSE-TIF) announced that it expects
third quarter sales to increase at least 15% over 1999 and expects net earnings
to be at least 21 cents per diluted share, or 40% higher than 15 cents per
diluted share in 1999's third quarter. Prior year earnings are adjusted for a
two-for-one stock split in July 2000. The published First Call consensus of
security analysts' estimates is 19 cents per diluted share.
Speaking at a conference of institutional investors in New York, Michael J.
Kowalski, president and chief executive officer, said, "Tiffany's performance
largely reflects strong comparable store sales growth in August and September in
the U.S. and Japan, our two largest markets. I'm pleased to provide this update
for the quarter and, based on these trends, we are maintaining our expectation
for a strong upcoming holiday season."
Tiffany's third quarter ends on October 31. Results will be reported on November
15 and a conference call that day at 8:30 a.m. (EST) will be broadcast on the
Internet at www.shareholder.com/tiffany and www.vcall.com.
Tiffany & Co. is the internationally renowned jeweler and specialty retailer.
Sales are made primarily through TIFFANY & CO. stores and boutiques in the
Americas, Asia-Pacific, Europe and the Middle East. Direct Marketing includes
Tiffany's corporate division, catalog and Internet sales. Additional information
can be found on Tiffany's Web site, www.tiffany.com and on its shareholder
information line (800) TIF-0110.
This press release contains certain "forward-looking" statements concerning
sales and margins. Actual results might differ materially from those projected
in the forward-looking statements. Information concerning factors that could
cause actual results to differ materially are set forth in Tiffany's 1999 Annual
Report and in Form 10-K and 10-Q Reports filed with the Securities and Exchange
Commission. The Company undertakes no obligation to update or revise any
forward-looking statements to reflect subsequent events or circumstances.
# # #
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TIFFANY & CO.
BY: /s/ Patrick B. Dorsey
_________________________________
Patrick B. Dorsey
Senior Vice President,
General Counsel and Secretary
Date: October 12, 2000
