Tiffany & Company, the second-largest United States jewelry retailer, said yesterday that its third-quarter earnings rose nearly 23 percent from a year ago, helped by a big gain in sales at its stores in the United States.
Last year, tiffany suffered a hard time for the economic crisis. The sales of tiffany dropped sharply at that time.
The Manhattan-based retailer earned $11.46 million, or 32 cents a share, compared with $9.3 million, or 26 cents a share, a year ago. Sales were $233.1 million, up from $211 million a year ago.
Tiffany said sales at its United States stores rose 15 percent, while catalogue sales increased by 9 percent from a year ago. International sales rose 6 percent.
For the first nine months of the year, Tiffany earned $30.72 million, or 85 cents a share, compared with $22.67 million, or 65 cents a share, a year ago. Sales were $649.9 million for the first nine months of the year, up from $594.5 million last year.
Tiffany's results topped Wall Street analysts' estimates for the quarter.

TIFFANY & CO. Elsa Peretti Open Heart bracelet

TIFFANY & CO. Tiffany Notes locket and chain

TIFFANY & CO. Elsa Peretti Open Heart ring

Friday, November 20, 2009