Tiffany & Co. (TIF) Tops Q3 EPS by 4c, Net Sales Rise 3%

Tiffany & Co. (NYSE: TIF) reported Q3 EPS of $0.80, $0.04 better than the analyst estimate of $0.76. Revenue for the quarter came in at $976 million versus the consensus estimate of $956.95 million.

Comparable store sales were equal to the prior year.

Alessandro Bogliolo, Chief Executive Officer, who joined Tiffany in October, said, “Tiffany is such an inspiring brand with an incredibly rich legacy, traditions of excellence in craftsmanship and design, and leadership in sustainability. I am very excited to be leading our team and enthusiastic about the tremendous opportunities we have to further develop our global business. These latest financial results marginally exceeded our expectations, but I believe that Tiffany has the medium to long-term potential to achieve meaningful comparable store sales growth and drive higher operating margins and earnings growth. Looking forward, we will increasingly capitalize on the strength of the TIFFANY & CO. brand with stronger organizational focus on innovation in product, digital, communication and the customer experience.”

For earnings history and earnings-related data on Tiffany & Co. (TIF) click here.

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