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June 01, 2007
Tiffany & Co.'s Q1 Sales, Net Income Sparkle
Tiffany & Co. posted better-than-expected first quarter results, reporting a 15 percent increase in U.S. sales to $299 million.
The luxury jeweler’s income increased to $50 million from $43 million a year ago on the strength of U.S. and direct sales. International sales were also up, except in Japan.
Given the rosy results, the company raised its full-year guidance and announced plans to expand its locations and introduce new product lines.
Posted by Blacks on June 1, 2007 11:05 AM
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