Tiffany: beats consensus in Q4

(CercleFinance.com) - Tiffany has published Q4 (to end-January) net income profit that more than tripled to 205 million dollars, i.
e. 1.67 dollar per share, which is seven cents above the consensus.

The New York jeweler saw its gross margin fall by 0.1 point to 63.8% for revenues that are down 1% at 1.3 billion dollars, albeit with growth of 1% excluding currency effects (stable at constant stores).

With FY EPS of 4.75 dollars, which is in line with its target range of 4.65 dollars to 4.80 dollars, for the current fiscal year Tiffany targets mid-single-digit EPS growth.

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