Tiffany Holiday Comps Rose

Tiffany & Co. enjoyed a “good” holiday season, as worldwide net sales rose 4 percent to $1.03 billion.

Worldwide comps rose 6 percent, with comps in the Americas rising 7 percent. The company did not break out specific numbers for the United States. 

“Tiffany enjoyed a good holiday season with overall sales results in line with our expectation, and we were pleased to see growth across our fine and statement, engagement and fashion jewelry categories,” said Michael J. Kowalski, chairman and chief executive officer, in a statement.

Among the highlights of its sales results:

– Total sales in the Americas region: Up 6 percent
– Americas region comp store sales: Up 7 percent  
 
– Total sales in Japan: Down 12 percent, to $135 million, due to weaker yen
– Japanese comp store sales: Up 10 percent
 
– Total sales in the Asia-Pacific region: Up 5 percent to $196 million
– Asia-Pacific region comp sales:  Up 10 percent
 
– Total sales in Europe: Up 11 percent, to $131 million
– Europe comp sales: Up 3 percent 

 

 

JCK News Director