Tiffany Q4-2007 earnings beat Wall Street expectations

30-Mar-2008

Tiffany & Co. posted higher-than-expected Q4-2007 quarterly profit in newly published results as increased sales overseas and at new stores helped offset the effects of a weak US economy that has put a strain on consumer spending. The top New York headquartered jeweller, Tiffany reported net sales rose 9.8 % to USD $ 1.05 billion in Q4-2007. For the fiscal year, Tiffany’s net sales grew 14.7 % to USD $ 2.93 billion and net earnings rose 20.0 % to USD $ 303.77 million.