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December 01, 2005
Profits At Tiffany's
Higher gross margins helped raise Tiffany & Co.’s third-quarter net profits by 37%, the jewelry retailer announced this week.
Third-quarter earnings came in at $23.8 million, compared to $17.4 million a year earlier. Worldwide comparable store sales also served to boost the retailer’s performance, it said.
The iconic jewelry dealer has also seen significant success in recent years by offering comparatively lower-priced trinkets to the mass market. The Elsa Peretti line has been a particular favorite and Tiffany’s silver heart tag bracelet seems to be hanging on every wrist from Boston to Bangkok.
Posted by Blacks on December 1, 2005 10:35 AM
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