Tiffany & Co. (TIF) Tops Q2 EPS by 9c; Boosts FY13 EPS Outlook
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Price: $131.46 --0%
Financial Fact:
Provision for income taxes: 50.4M
Today's EPS Names:
BVFL, MCET, REOS, More
Financial Fact:
Provision for income taxes: 50.4M
Today's EPS Names:
BVFL, MCET, REOS, More
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Tiffany & Co. (NYSE: TIF) reported Q2 EPS of $0.83, $0.09 better than the analyst estimate of $0.74. Revenue for the quarter came in at $926 million versus the consensus estimate of $941.37 million.
In the Americas region, total sales increased 2% to $444 million in the second quarter and 4% to $852 million in the first half. On a constant-exchange-rate basis, total sales also rose 2% and 4% in the respective periods; comparable store sales were unchanged in the quarter and rose 1% in the half, led by growth in Tiffany’s New York flagship store sales.
Total sales in the Asia-Pacific region rose 20% to $208 million in the second quarter and 17% to $432 million in the first half. On a constant-exchange-rate basis, total sales also rose 20% and 17%, and comparable store sales increased 13% and 11% in the respective periods, led by especially strong sales growth in Greater China.
Tiffany & Co. sees FY2013 EPS of $3.50 - $3.60, versus prior guidance of $3.43 - $3.53 and the consensus of $3.53.
For earnings history and earnings-related data on Tiffany & Co. click here.
In the Americas region, total sales increased 2% to $444 million in the second quarter and 4% to $852 million in the first half. On a constant-exchange-rate basis, total sales also rose 2% and 4% in the respective periods; comparable store sales were unchanged in the quarter and rose 1% in the half, led by growth in Tiffany’s New York flagship store sales.
Total sales in the Asia-Pacific region rose 20% to $208 million in the second quarter and 17% to $432 million in the first half. On a constant-exchange-rate basis, total sales also rose 20% and 17%, and comparable store sales increased 13% and 11% in the respective periods, led by especially strong sales growth in Greater China.
Tiffany & Co. sees FY2013 EPS of $3.50 - $3.60, versus prior guidance of $3.43 - $3.53 and the consensus of $3.53.
For earnings history and earnings-related data on Tiffany & Co. click here.
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