Tiffany & Co. (NYSE:TIF) reported weak results for the holiday quarter as the luxury jewelry-seller’s total comparable same-store sales came in flat during the fourth-quarter from the year-ago period.
Tiffany & Co. (NYSE:TIF) posted adjusted earnings of $1.67 were 7 cents better-than-expected, and net sales of $1.32 billion were in-line with expectations.
Tiffany & Co. (NYSE:TIF) said it expects net sales to decline in the first half of the year due to lower foreign tourism spending, but sees an increase in net sales in the low-single-digits for the full-year fiscal 2019. The stock rebounded after falling in early trading.
Tiffany & Co. (NYSE:TIF)’s stock on 24 March traded at beginning with a price of $ and when day-trade ended the stock finally advanced 3.15% to end at $103.21. Tiffany & Co. (NYSE:TIF)’s showed weekly performance of 6.89%.