25 Jun 2022
DiamondWorld Directory
-
Home |
News
Home
Tiffany & Co. earns 18% net profit increase
Tokyo property to deliver pretax benefits
By: Diamond World News Service
|
Aug 31 2007 12:00AM
|
Reference: 897  

DecreaseIncrease

Tiffany & Co. has earned a 41 percent increase in its net earnings during the its second quarter ending July 31. Net sales also scaled up by 19 percent to $662.5 million during this period, while recording an 18 percent growth ($1.258 billion) for the first six months ending July 31. On a constant-exchange-rate basis, net sales rose 17 percent, and worldwide comparable store sales rose 11 percent.

Tiffany’s comparable store sales increased by 7 percent globally, while in the U.S. alone it increased by 17 percent.

The company’s intent to sell its Tokyo flagship store is expected to earn it a pretax gain of approximately $104 million. Tiffany also recorded an after-tax charge of $23.5 million, or $0.17 per diluted share, related to the pending sale of its Little Switzerland business.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 30998
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8051
GJEPC Chairman Interview
Views: 27196
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37735
Promo for IJ Awards 2012 at NDTV Profit
Views: 51747
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65394
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21135
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49573
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50959
Member of:
Supporter of: