Tiffany & Co. (TIF) said worldwide sales increased 17% in the two months ended December 31, 2009, or holiday period, due to growth in all three geographic segments. Net worldwide sales rose 17% to $799.1 million in the holiday period.
On a constant-exchange-rate basis, which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales and comparable store sales increased 13% and 8%.
Management now believes that net sales and earnings for the fiscal year ending January 31st will exceed its previous expectations.
Tiffany now believes that it is on track to achieve net sales of approximately $2.7 billion for the full year 2009. The company now expects to achieve full year net earnings from continuing operations of $2.07 - $2.12 per share, compared with its previously published outlook of $1.88 - $1.98 per share.
Analysts polled by Thomson Reuters expect the company to report earnings of $1.92 per share, on revenues of $2.65 billion. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.