Tiffany & Co.’s sales up 20% in fiscal Q1

In the fiscal quarter closing April 30 2011, Tiffany & Co. achieved a 20 percent increase in its sales which valued $761 million. Sales across Asia-Pacific registered an overall higher increase than those in Europe and the Americas. In the said period, the company’s cost of sales rose 19 percent to $317.3 million and net earnings increased 26 percent to $81.1 million.