Coach/Tiffany Financial Analysis
Financial Analysis on competitors, Tiffany & Co. and Coach, Inc.
Tiffany & co. and Coach, Inc.
Prepared for: Rodger Klee
Prepared by: Ann Henkelman and Jen Thompson
June 26, 2012
Table Of CONTENTS:
Tiffany & co. and Coach, Inc. 1
Table Of CONTENTS: 2
Introduction and Company Profiles 2
Tiffany & Co. 3 Coach, Inc. 5
DuPont Model 5
EMV, MVA, and the Valuation of Common Stock 5
Reflections 6
Attachments 6
Introduction and Company Profiles
Tiffany & Co.
In 1837, men named Charles Lewis Tiffany and Teddy Young opened a store that sold stationery and fancy goods emporium in in downtown Manhattan. They named the store Tiffany, Young, and Ellis. In 1853, Charles Tiffany took control, shortened the company name to Tiffany & Co, and decided to put its emphasis on jewelry. Over time, it has grown into more than 250 stores, with 9,800 employees, and is publicly traded on the New York Stock Exchange.
Today, Tiffany is a high-end jeweler and specialty retailer. The single most important asset of the company is the Brand. The strength goes beyond the trademark, and is driven by how consumers perceive it. Management believes that consumers associate the Brand with high-quality products, elegant stores and online environment, and their custom packaging- the Tiffany & Co. Blue Box. Going forward, it is management’s goal and business plan to maintain and continue to strengthen the company’s Brand.
Tiffany’s CEO is Michael Kowalski. He has been with the company since 1983 when he took his first position as Director of Financial Planning, and then continued to gain broad exposure by holding a variety of management positions. He assumed the role of Chairman of the Board in 2003, following William R. Chaney, and has grown the company’s revenue 9.94% per year and earnings per share (EPS) 14.51% (both compounded
Tiffany & co. and Coach, Inc.
Prepared for: Rodger Klee
Prepared by: Ann Henkelman and Jen Thompson
June 26, 2012
Table Of CONTENTS:
Tiffany & co. and Coach, Inc. 1
Table Of CONTENTS: 2
Introduction and Company Profiles 2
Tiffany & Co. 3 Coach, Inc. 5
DuPont Model 5
EMV, MVA, and the Valuation of Common Stock 5
Reflections 6
Attachments 6
Introduction and Company Profiles
Tiffany & Co.
In 1837, men named Charles Lewis Tiffany and Teddy Young opened a store that sold stationery and fancy goods emporium in in downtown Manhattan. They named the store Tiffany, Young, and Ellis. In 1853, Charles Tiffany took control, shortened the company name to Tiffany & Co, and decided to put its emphasis on jewelry. Over time, it has grown into more than 250 stores, with 9,800 employees, and is publicly traded on the New York Stock Exchange.
Today, Tiffany is a high-end jeweler and specialty retailer. The single most important asset of the company is the Brand. The strength goes beyond the trademark, and is driven by how consumers perceive it. Management believes that consumers associate the Brand with high-quality products, elegant stores and online environment, and their custom packaging- the Tiffany & Co. Blue Box. Going forward, it is management’s goal and business plan to maintain and continue to strengthen the company’s Brand.
Tiffany’s CEO is Michael Kowalski. He has been with the company since 1983 when he took his first position as Director of Financial Planning, and then continued to gain broad exposure by holding a variety of management positions. He assumed the role of Chairman of the Board in 2003, following William R. Chaney, and has grown the company’s revenue 9.94% per year and earnings per share (EPS) 14.51% (both compounded