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Tiffany operating earnings rose approximately 25%

Christian Fernsby ▼ | October 15, 2020
Tiffany reported that its net sales for the two month period declined slightly from a year ago.
Tiffany
Tiffany   Sales in the United States declined by a low double digit percentage
Sales in the United States declined by a low double digit percentage in the two month period.

Topics: Tiffany

Operating earnings, inclusive of transaction related expenses, rose approximately 25% year on year.

For the fourth quarter, Tiffany currently expects a mid single digit percentage decline in sales and a mid-single digit percentage increase in operating earnings.

Tiffany's cash balance continued to be in excess of $1 billion at September 30 and is expected to be approximately $900 million year end.


 

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