— Tiffany & Co. (NYSE: TIF) reported net income of $78 million or $0.65 per share for the third quarter of 2019, vs. $0.85 per share expected.
— Worldwide net sales were almost unchanged year-over-year at $1.01 billion, vs. $1.04 billion expected
— Comparable sales were unchanged from the prior-year period; on a constant-exchange-rate basis, sales and comparable sales increased 1% year-over-year
— Worldwide net sales and comparable sales, excluding the Hong Kong market, increased by 4% and 3%, respectively
— In the Americas, net sales decreased 4% in the third quarter; Asia-Pacific net sales were unchanged
— In Japan, net sales increased 19%, while Europe registered a 3% decline
— Opened five company-operated stores in the year-to-date period and closed three. Operated 323 stores as of October 31, 2019
— Repurchased around 883,000 shares of in the third quarter at a total cost of $78.0 million
Most Popular
Earnings calendar for the week of Oct. 26
Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign
Southwest Airlines (LUV) expects business travel to remain down well into next year
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 2% in afternoon hours on Friday. The stock has gained 35% over the past three months. The company reported better-than-expected
Big banks have their eyes on second half of 2021
The biggest stimulus package of all time, which was meant to boost consumption has actually led to more deposits, inflating the size of banks’ balance sheets. A working paper shows
One thought on “Tiffany & Co. (NYSE: TIF): Q3 2019 Earnings Snapshot”
Comments are closed.