Tiffany Sales Up 20%
May 26, 11
(IDEX Online News) – High-end retailer Tiffany & Co. reported net sales of $761 million in the April ending quarter, rising 20.1% year over year. Net earnings increased 26% to $81 million.
In its outlook for the full year, Tiffany said it expects a mid-teens percentage increase in worldwide net sales.
In both Asia-Pacific and Europe, a mid-twenties percentage increase in sales is expected and a modest sales decline in