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Tiffany updates on holiday sales

Published 01/17/2018, 07:10 AM
© Reuters.  Tiffany updates on holiday sales
TIF
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  • Tiffany & Co. (NYSE:TIF) reports sales increased 8% during the holiday period to $1.05B.
  • Comparable store sales rose 5% during the two-month period ending on December 31.
  • Sales in the Americas increased 7% to $516M, while sales in the Asia-Pacific region were up 16% to $232M.
  • CEO update: "We were pleased with the improvement in sales during the holiday period across regions and categories, both instore and online. While our major Fashion Jewelry collections continued to perform well, customers were equally excited about our Fine Jewelry, our Watches and our new Home and Accessories collection."
  • Tiffany expects 2018 EPS to increase by a double-digit percentage over 2016's mark.
  • TIF -2.86% premarket to $104.5
  • Source: Press Release
  • Now read: Tiffany: First Thoughts After Q3


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