Tiffany Q3 net sales unchangedChristian Fernsby ▼ | December 5, 2019
Tiffany reported its financial results for the third quarter ended October 31, 2019.
Tiffany On a constant-exchange-rate basis worldwide net sales unchanged
On a constant-exchange-rate basis, which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales for the third quarter were 1% above the prior year and unchanged in the year-to-date period.
Net earnings declined in both periods, reflecting lower operating margins, a higher effective income tax rate for the third quarter and a slightly lower effective income tax rate in the year-to-date period, in each case, as compared to the prior year. ■