NEW YORK (Reuters) - the Tiffany & Co (TIF).(N) sales in the holiday season has increased in all regions of the world where it operates stores of jewelry, which prompted the retailer to elevate its benefit of year-round forecasts.
November and December, turnover worldwide to Tiffany rose 11% to 888.5 million.
Sales increased more sharply in Asia, to the exclusion of Japan, soaring by 23 percent to $ 138.9 million. North and South America, they were up by 9% to 484.8 million, including a 3% increase in the flagship store of Tiffany on Fifth Avenue in Manhattan.
Sales continued to rise in Europe, won by 13 percent.
Even pink sales to Japan, where the results have languished in recent quarters, jump to 3 percent after the factorization of changes in currency exchange rates.
Citing results solid holiday, Tiffany raised its profit forecast for the fiscal year ending January 31, a net profit of continuing operations of $2.83 and $2.88 per share, up to its previous view $ 2.72 and $ 2.77 per share.
Tiffany said that it is on track to achieve sales of 3.1 billion for the current fiscal year.
(Reporting by Phil Wahba, editing by Maureen Bavdek)
No comments:
Post a Comment