Tiffany reported a quarterly profit decrease by 5.3%

111979

Following the results of the third fiscal quarter ended October 31, Tiffany, the American retail jewelry chain, reported a decline in net profit by 5.3% in annual terms to 94,900,000 dollars. Nevertheless, revenue during the earnings period showed an increase in all regions and most product categories. Its quarterly figure was 1 billion 12 million dollars, having increased over the year by 3.7%. Experts had expected growth to 1 billion 50 million dollars. The growth of comparable sales in the world market in stores that have been operating for at least a year was 2%. The company also reported the results of work in 9 months of the fiscal year. During this period, its net profit showed an increase of 24% in annual terms, and the number of stores increased by 6 units to 315.

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: