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June 04, 2008
Europe, Asia Boost Tiffany's Q1 Income
Tiffany & Co.’s first-quarter earnings surged 19% to $64 million, thanks to strong sales in Europe and Asia-Pacific. Total sales for the quarter ended April 30 increased by 12.2% to $668 million.
Although the jewelry retailer was affected by the slowing U.S. economy, it said that sales to tourist in its New York flagship helped it weather the storm.
Same-store sales in the Americas were constant from last year. However, overall same-store sales were up 3%.
Posted by Blacks on June 4, 2008 11:41 AM
