Tiffany plans to raise at least 10% net sales worldwide
09 Feb '08
2 min read
Therefore, the Company's plan calls for net earnings in fiscal 2008 to increase to a range of $2.50 - $2.55 per diluted share. This compares with an estimated range of $2.25-$2.28 per diluted share (excluding various one-time items) in fiscal 2007 that the Company forecasted on January 11th when it reported its holiday sales results.
Mr. Kowalski added, "We enter the new fiscal year with confidence in our store expansion opportunities, our line-up of new product designs and our ability to enhance customer awareness through our marketing program.
We believe our 2008 financial expectations appropriately reflect current macro-related challenges in the U.S. as well as the benefit of our global, geographical diversification which, combined with planned margin and expense levels, can generate low-double-digit net earnings per share growth for the year."
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