On Friday, Tiffany & Co. (TIF) reported that its two month holiday sales rose 4% in the period ended December 31.
TIF’s Holiday Sales
- TIF reported that its two month worldwide sales were up 4% to $1.03 billion. On an adjusted basis, sales rose 8%.
- The company posted a 6% increase in comparable stores sales.
- Looking ahead, TIF expects to see FY2013 earnings between $3.65 and $3.75 per share. In 2012, the company reported earnings of $3.25 per share.
- On average, analysts expected to see FY2013 earnings of $3.78 per share.
Michael Kowalski, chairman and CEO of TIF commented: ”Tiffany enjoyed a good holiday season with overall sales results in line with our expectation, and we were pleased to see growth across our fine and statement, engagement and fashion jewelry categories. Based on these sales results and related margins, we expect that full year earnings before certain charges will meet the most recent forecast we provided in November.”
Tiffany shares were mostly flat during pre-market trading Friday.The Bottom Line
Shares of Tiffany & Co. (TIF) have a 1.48% yield based on Thursday’s closing price of $92.01.
Tiffany & Co. (TIF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here