Tiffany & Co. (TIF) Tops Q1 EPS by 31c, Updates Guidance, Approves $1B Buyback
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Tiffany Reports First Quarter Results:
May 23, 2018 6:40 AM EDTStrong Growth in Worldwide Sales and Net Earnings;
Management Updates Its Full Year Outlook;
Board Authorizes $1 Billion Share Repurchase Program
NEW YORK--(BUSINESS WIRE)-- Tiffany & Co. (NYSE: TIF) today reported its financial results for the three months (first quarter) ended April 30, 2018. Worldwide net sales rose 15% which, combined with a higher operating margin and a lower effective tax rate, resulted in a 53% increase in net earnings. Based on these strong and better-than-expected results, management revised upward its outlook for the full year ending January 31, 2019 (fiscal 2018).... More
