Tiffany Sees Full-Year EPS at Low End of Forecast $3.20-$3.40 Range
Tiffany & Co. (NYSE: TIF) today reported its sales growth for the
two-month period ended December 31st. Management also updated
its financial outlook.
Worldwide net sales increased 4% to $992 million. On a
constant-exchange-rate basis that excludes the effect of translating
foreign-currency-denominated sales into U.S. dollars (see “Non-GAAP
Measures” schedule), worldwide net sales also rose 4% and comparable
store sales were unchanged from the prior year.
Net sales highlights were as follows:
Sales in the Americas region increased 3% to $516 million in the
holiday period. On a constant-exchange-rate basis, total sales