Tiffany Sees Full-Year EPS at Low End of Forecast $3.20-$3.40 Range

Tiffany & Co.

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