Categories AlphaGraphs, Earnings, Other Industries
Tiffany (TIF) slips to a loss in Q1, misses estimates
Tiffany & Co. (NYSE: TIF) reported a 45% dip in the top-line for the first quarter of 2020 due to the closures of its retail stores across all of the global markets arising from the COVID-19 pandemic crisis. Comparable sales dropped by 44%.
The company slipped to a loss from a profit last year due to lower revenue. The first-quarter was very challenging with sales and earnings significantly impacted by COVID-19, the impact of which the company expects to negatively affect its full-year sales and earnings relative to 2019.
The e-commerce sales were up 23% globally with key markets such as the United States and the United Kingdom up 14% and 15%, respectively. Additionally, sales through our Mainland China e-commerce portal have grown sequentially every quarter since the portal was launched last July.
The company will not be communicating an outlook for the remainder of the year. In light of the company’s entry into the merger agreement, the company will not conduct a conference call to review its results for the quarter.
Take a look at our Other Industries articles here
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
Comments