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December 03, 2007
Tiffany's Third Quarter Sales Shine
Tiffany & Co.’s third-quarter sales surged 18% to $627.3 million while earnings soared to $98.9 million from $29.1 million a year ago.
The company benefitted from the sale of its Tokyo flagship and strong business overseas. Same store sales rose 8% domestically and 10% internationally during the quarter.
The diamond and silver jewelry categories performed particularly well, the company said. Tiffany raised its full-year guidance due to the strong results.
Posted by Blacks on December 3, 2007 09:49 AM
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