标题: Tiffany analysts [打印本页] 作者: uiyophkn 时间: 2010-1-28 12:14 标题: Tiffany analysts &nbsp,silver charms tiffany; Tiffany, the U.S. leading jeweler, said Friday that demand begins to improve their offers for exclusive Tiffany, despite falling profits, signaling renewed appetite of U.S. consumers for discretionary items such as diamonds and necklaces.
Retailers Luxury collapse of recession, with a focus on customer needs. But Tiffany is in possession of price stability, while reducing costs and the company says it has begun to see the benefits. It seems that in May the tide slowly turning in our favor,Tiffany Accessories, said Mark Aaron, Vice President of Investor Relations, said in a conference call with analysts. Net income fell to Tiffany 31,4 per cent to $ 56.7m, or 46 cents per share, compared with the second quarter to 82.6 million U.S. dollars, or 64 cents per share during the same period last year. The results were better than Wall Street analysts expect Tiffany and raises the prospects for the remainder of the year. Managing the brand Tiffany is honored during the slowdown, said David Schick, an analyst knee Tiffany Earrings Nicolas. You have a great economic crisis in order to have a great heritage.
Sales at Tiffany fell 16 per cent to $ 612.5m in the second quarter, while sales in comparable stores - the preferred measure for retailers - from 17 percent. sales in the United States most affected, decreased 25 percent, while Europe and Asia, only 4 percent and 1 percent respectively. Even if economic conditions and retail sales remain difficult, we had to make many small businesses, or one-year period are compared with previous rates of reduction in sales or a slight increase in sales compared with the previous two quarters, Michael Kowalski, CEO of Tiffany, said in a statement. In the U.S., sales in New York to massive job losses suffered in the financial sector. Sales were off 30 percent for the nine stores in New York and the flagship store in Manhattan. Jeweler's value above $ 50,000 were more difficult to sell the previous year, while articles with more 'affordable' prices showed smaller declines in sales, the company said.
Mr. Kowalski noted that Tiffany is working to reduce costs due to weakening consumer demand, but Tiffany bracelets, continues to open branches in hopes of capturing a larger market share, while other luxury retailers struggling. New York-based company operates 211 stores worldwide,crystal pendant, and said it would extend a moderate 6 percent this year.
Tiffany raised profit outlook for the year to a range of $ 1.65 and $ 1.75 per share from its previous forecast of $ 1.60 to 1.50 dollars. The results are sent from Tiffany shares 8.21 per cent to $ 36.52 in early trading Friday.