Jewelry retailer Tiffany reports 27% hike in earnings from ops in Q2
01 Sep '05
1 min read
Jewelry retailer stores Tiffany & Co reported that its net sales increased 11 percent in the second quarter. Comparable store sales rose 6 percent in the U.S. and 1 percent in local currency in Japan. Earnings from operations increased 27 percent due to the sales growth and its leverage effect on selling, general and administrative expenses.
Conference Call The Company will conduct a conference call today at 8:30 a.m. (EST) to review its results and outlook. Interested parties may listen to a broadcast on the Internet company website.
Next Scheduled Announcement The Company anticipates reporting its third quarter results on November 30, 2005 and conducting a conference call at 8:30 a.m. (EST), to be broadcast at company website.
Tiffany & Co is engage in to handling jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. It operates TIFFANY & CO retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO.
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