Tiffany & Co. (NYSE: TIF) reported its financial results for the three months (“first quarter”) ended April 30, 2014. A 13% increase in worldwide net sales, combined with an improved operating margin, resulted in 50% growth in net earnings. Management also increased its earnings forecast for the current fiscal year. Michael J. Kowalski, chairman and chief executive officer, said, “This is an excellent and encouraging start to the year.