Headlines

Tiffany's Sparkles

Jewelry chain reports 70 percent quarterly profit gain

Published

24 years ago

August 16, 2000

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Tiffany & Co. (New York), the second-largest U.S. jewelry chain, announced that second quarter profits rose a better-than-expected 70 percent on higher sales in the U.S. and Japan. Net income rose to $39.2 million, or 26 cents a share, from $23 million, or 16 cents a year earlier. Sales for the quarter ended July 31 gained 21 percent to $372 million, from $307.1 million. Same-store sales rose 19 percent in the U.S. and 12 percent in local currency in Japan, Tiffany's largest overseas market.

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