Tiffany Q2 Net Earnings Rise 41%August 30, 07
Luxury jewelry retailer Tiffany & Co. reported a 41 percent rise in second quarter net earnings from continuing operations for the period ended July 31. Net sales rose 19 percent on strong comparative store sales.
Comparable store sales in the
Net sales in the second quarter rose 19 percent to $662.5 million. In the six months ended July 31, net sales increased 18 percent to $1.258 billion. On a constant-exchange-rate basis, net sales rose 17 percent, and worldwide comparable store sales rose 11 percent.
In related news, Tiffany’s reported that it had sold the land and building in which its