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May 31, 2006
Tiffany's Q1 Earnings Shine
First quarter earnings at Tiffany & Co. grew 7.7 percent to $43 million, buoyed by strong international sales.
While U.S. sales remained disappointing, foreign demand in places like Japan pushed overall sales up by 6 percent to $539 million.
Rising costs for diamonds and precious metals are putting the squeeze on margins, but the jewelry retailer said that it still expects a 12 percent increase in earnings for the full year.
Posted by Blacks on May 31, 2006 08:53 AM
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