Tiffany & Co.

NYSE:TIF   3:59:59 PM EDT
123.55
+0.90 (+0.73%)
4:00:00 PM EDT: $123.52 -0.03 (-0.02%)
Other Pre-Announcement

Tiffany Reports Strong Preliminary Sales And Operating Results For August And September

Published: 10/15/2020 10:54 GMT
Tiffany & Co (TIF) - Tiffany Reports Strong Preliminary Sales and Operating Results for August and September.
Tiffany Reports Strong Preliminary Sales and Operating Results for August and September.
Positive Sales Trends Are Continuing in October.
Worldwide Net Sales for Two-month Period Declined Slightly From Comparable Period in 2019.
Tiffany's Cash Balance Continued to Be in Excess of $1 Billion at Sept 30 and is Expected to Be Approximately $900 Million at Year-end.
Aug & Sept Operating Earnings Increased About 25% From Comparable 2019 Period.
Sales in United States Declined by a Low Double-digit Percentage in Two-month Period.company Expects Sales Trends in United States to Further Improve in Q4.
Globally, E-commerce Sales Nearly Doubled in Two-month Period From Comparable Period in 2019.
Q4 Earnings per Share Are Expected to Increase From Year-ago Period by a Mid-to-high Single Digit Percentage on an As-reported Basis.
Expects a Mid-single Digit Percentage Decline in Sales and a Mid-single Digit Percentage Increase in Operating Earnings in Q4 of 2020.
Sales in Mainland China in Aug & Sept Remained "extremely Strong".
Q4 Earnings per Share View $1.73, Revenue View $1.31 Billion -- Refinitiv Ibes Data (analyst estimates).