Tiffany & Co. (TIF) Tops Q4 EPS by 6c, Offers Outlook
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Tiffany Reports Net Sales and Net Earnings Growth in Full Year 2018; Management Reiterates Expectations for 2019
March 22, 2019 6:40 AM EDTNEW YORK--(BUSINESS WIRE)-- Tiffany & Co. (NYSE: TIF) today reported its financial results for the 12 months (full year) and three months (fourth quarter) ended January 31, 2019. In the full year, worldwide net sales reached a record $4.4 billion due to growth in all regions, and reflecting higher spending attributed to local customers and foreign tourists. Net earnings in the full year also benefitted from a lower effective tax rate and rose to $586 million, or $4.75 per diluted share. Management provided expanded guidance for the full year ending January 31, 2020 (fiscal 2019) that was consistent with preliminary guidance reported on January 18, 2019.
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