Tiffany: raises FY EPS target range
(CercleFinance.com) - Tiffany is now looking for FY EPS of between 4.
65 dollars and 4.80 dollars, higher than its previous target range of 4.50 dollars to 4.70 dollars, for high single-digit sales growth - both in published terms and at constant exchange rates.
The jeweler has reported Q2 (to end-July) earnings that are up 26% at 145 million dollars, or 1.17 dollar per share, meaning EPS that is about fifteen cents above the consensus.
The New York based group saw its operating margin slip by 1.5 point to 17.8% for revenues that are up 12% to 1.1 billion dollars, including growth of 11% excluding FX factors (+7% at constant stores).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
65 dollars and 4.80 dollars, higher than its previous target range of 4.50 dollars to 4.70 dollars, for high single-digit sales growth - both in published terms and at constant exchange rates.
The jeweler has reported Q2 (to end-July) earnings that are up 26% at 145 million dollars, or 1.17 dollar per share, meaning EPS that is about fifteen cents above the consensus.
The New York based group saw its operating margin slip by 1.5 point to 17.8% for revenues that are up 12% to 1.1 billion dollars, including growth of 11% excluding FX factors (+7% at constant stores).
Copyright (c) 2018 CercleFinance.com. All rights reserved.