Tiffany worldwide comparable store sales shine in Q3
30 Nov '07
3 min read
Net earnings from continuing operations rose 208% in the third quarter to $100,445,000, or $0.72 per diluted share, from $32,625,000, or $0.23 per diluted share, in the prior year. Net earnings increased 239% to $98,890,000, or $0.71 per diluted share, compared with $29,142,000, or $0.21 per diluted share, in the prior year.
Year-to-date, net earnings from continuing operations rose 76% to $213,069,000, or $1.52 per diluted share, compared with $120,822,000, or $0.85 per diluted share, in the prior year. Net earnings rose 64% to $185,522,000, or $1.33 per diluted share, which included an after-tax charge of $22,602,000, or $0.16 per diluted share, related to the sale of Little Switzerland. Net earnings in the prior year were $113,428,000, or $0.80 per diluted share.
Michael J. Kowalski, chairman and chief executive officer, said, "Tiffany's focused growth strategies in distribution, merchandising and marketing continue to prove very effective. We are pleased with our overall businesses in the U.S. and internationally, as well as with product performance ranging from robust diamond jewelry sales to a healthy increase in silver jewelry sales."
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
