Tiffany increased its quarterly profit by 53%

The world's second largest jewelry retailer, Tiffany, in the first financial quarter ended April, increased its net profit by 53% year-on-year to 142 million 300 thousand dollars. The US company's revenue amounted to 1 billion 33 million dollars, up by 15%. Analysts had expected the figure at $959 million. Revenue growth in the Asia-Pacific region was 28%, in the Americas - 9%, in Europe - 13%, in Japan - 17%. Comparable sales in stores operating for at least a year grew by 10%. Over the past quarter, Tiffany opened 1 store and closed 2. At the end of the earnings season, 314 outlets of the American retailer were operating around the world.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: