Tiffany & Co. Tiffany Increased Profit In The Two Quarter By 16%

The second top jewellers Tiffany & Co. (NYSE:TIF) Tiffany, the two quarter sales in the Americas and the Asia Pacific region, outperformed market expectations. The group raised its annual performance target for the second time in the current fiscal year, stimulating the stock price to rise by 4.8% at the time before Wednesday's trading.

In the two quarter of July 31st, Tiffany & Co. (NYSE:TIF) Tiffany realized a net profit of US $124 million, an increase of 15.9% over the same period last year of 107 million US dollars. The diluted earnings per share rose to 0.96 US dollars from 0.83 US dollars a year last year, far exceeding the market forecast of US $0.85, mainly due to the increase in sales and the increase in gross margin by 240 basis points to 59.9%.

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An increase of $7.2% to $993 million over the same period was expected, with the market expected to be $987 million 900 thousand and a 3% increase in the same store sales.

Same store sales in the Americas market, which accounted for nearly 8% of the group's general revenue, increased by 9% to $484 million in real terms, while sales in the Asia Pacific region increased by 7%, and actual sales increased by 14% to 237 million US dollars, with strong demand in the Greater China region and Australia.

Sales in Europe increased by 8% to $120 million, while Japan sold 13% to 119 million dollars in a sluggish consumer demand.

Tiffany & Co. (NYSE:TIF) Tiffany, chief executive Michael Kowalski, said in the earnings report that she was satisfied with the outstanding performance of most product categories.

The expected earnings per share for the year ended January 31, 2015 will rise to $4.20-4.30 from the previous 4.15-4.225 US dollar, and the market expects earnings per share to be US $4.28.