Tiffany: targets raises after holiday period
(CercleFinance.com) - In its trading update following the festive season, Tiffany stated that it is now looking for "at least top single-digit" FY adjusted EPS growth, and no longer mid-single-digit growth.
The jeweller expects around 4% growth in revenues, and no longer "at the bottom of the single-digit range," after rising 8% to 1.05 billion dollars over the last two months of 2017 (+5% at constant stores).
Furthermore, the New York based group has announced its preliminary outlook for the coming fiscal year, including stable or slightly lower EPS, with revenues "in the mid-single-digit range."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The jeweller expects around 4% growth in revenues, and no longer "at the bottom of the single-digit range," after rising 8% to 1.05 billion dollars over the last two months of 2017 (+5% at constant stores).
Furthermore, the New York based group has announced its preliminary outlook for the coming fiscal year, including stable or slightly lower EPS, with revenues "in the mid-single-digit range."
Copyright (c) 2018 CercleFinance.com. All rights reserved.