Newsletter

Menu

Tiffany & Co. (NYSE: TIF): Q4 2019 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

— Tiffany & Co. (NYSE: TIF) reported its fourth-quarter 2019 adjusted earnings of $1.80 per share versus $1.77 per share expected.

— Worldwide net sales increased by 3% to $1.4 billion versus $1.36 billion expected.

Earnings Update by AlphaStreet

— Comparable sales rose by 3% from the prior-year period. On a constant-exchange-rate basis, both sales and comparable sales increased by 3% year-over-year.

— The company attributed the acceleration across most of its markets to focus on elevating sales mix towards higher value items within each jewelry product category, with the largest growth being in gold and gold and diamond offerings.

— In the Americas, net sales increased 4% due to an increase in spending by local customers and a 3% rise in comparable sales.

— Asia-Pacific net sales grew by 8% helped by higher wholesale sales, double-digit growth in the Chinese Mainland and mixed performance in other markets in the region. In Japan, net sales fell 8%, while Europe registered a 4% increase.

— Tiffany opened nine company-operated stores in the full year and closed four. On January 31, 2020, the company operated 326 stores (124 in the Americas, 91 in Asia-Pacific, 58 in Japan, 48 in Europe, and five in the UAE).

— The primary focus now is on preparing company, business, and communities for the Covid-19 pandemic and the return to normal operations. The company had to temporarily close or shorten operating hours of certain stores around the globe.

— Due to the pending completion of the Merger, the company will not be communicating an outlook for the full year. In light of the merger, the company will not conduct a conference call to review its fourth-quarter results.

Advertisement

More on this Company

212 responses to “Tiffany & Co. (NYSE: TIF): Q4 2019 Earnings Snapshot”

  48. Fiverr Earn

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless truly really worth taking a appear, whoa did a single master about Mid East has got a lot more problerms as well […]

  60. bernedoodles

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless genuinely really worth taking a appear, whoa did a single study about Mid East has got far more problerms at the same time […]

  80. FUE

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless genuinely really worth taking a look, whoa did a single understand about Mid East has got additional problerms also […]

  89. Streamer

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless truly worth taking a appear, whoa did one study about Mid East has got a lot more problerms at the same time […]

  95. pupuk anorganik

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless seriously worth taking a search, whoa did a single learn about Mid East has got a lot more problerms as well […]

  109. FiverrEarn

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless definitely worth taking a appear, whoa did a single discover about Mid East has got much more problerms too […]

  123. Slot online Indonesia

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless definitely worth taking a search, whoa did a single study about Mid East has got additional problerms at the same time […]

  127. allgame

    […]we prefer to honor lots of other world-wide-web web pages on the internet, even though they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  128. 918kiss

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless definitely really worth taking a look, whoa did 1 master about Mid East has got extra problerms as well […]

  140. ItMe.Xyz

    […]we prefer to honor many other world wide web web sites on the internet, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  147. itme.xyz

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless really really worth taking a search, whoa did one particular learn about Mid East has got a lot more problerms also […]

  150. seo wix

    […]we prefer to honor numerous other internet web pages around the net, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  171. 스포츠분석

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless actually worth taking a appear, whoa did one understand about Mid East has got much more problerms too […]

  176. mexican candy store

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless definitely really worth taking a look, whoa did one master about Mid East has got more problerms at the same time […]

Leave a Reply

Top