Tiffany's revenues up 4.4% in Q2

Same-store sales in the Americas were flat
Tiffany's revenues up 4.4% in Q2

For the second quarter that closed on July 31, Tiffany & Co's. revenue recorded a rise of 4.4 percent (on y-o-y basis) to $925.9 million, while profit was up 16.3 percent to $106.8 million, reports say. The retailer's comparable-store sales were up by 1 percent, globally.

Gross margin as a percentage of sales rose by 57.5 percent (the same was 56.3 percent in the said quarter last year).

The same-store sales in the Americas were flat. Sales rose 20 percent in the Asia-Pacific region while comparable-store sales were up 13 percent. Japan's revenue and same-store sales rose 7 percent and European markets churned 7 percent rise in same-store sales.

The retailer's other sales were up 33 percent to $26 million.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Diamond World