Tiffany Earnings Down Just 1% in 3Q



tiffany_flagship_front.jpgTiffany announced Monday that it reported net earnings of $43.7 million in the third quarter, down just 1 percent from 2008.

Overall net sales were $598.2 million, down from $616.2 million in 2008. In the Americas, sales were $303.5 million, dropping 9% from 2008.

 Sales in the Asia-Pacific region increased 10% to $225.8 million in the third quarter. In Europe, sales increased 12% to $65.0 million.

U.S. same store sales were down 10% and sales in the New York flagship store were down 8%.