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Company Earnings Update

Tiffany & Co. (NYSE: TIF) 1Q19 Results: Misses Revenues, Worldwide Comps Decline

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Coresight Research

Key Points

  • Tiffany reported EPS of $1.03, down 9.7% and beating the consensus estimate of $1.01. Total revenue for the quarter declined 2.9% to $1.00 billion, missing the consensus estimate of $1.01 billion.
  • Comps declined 5% (2% currency neutral) worldwide, partly because of weak tourist spending.
  • For fiscal 2019 the company expects low-single-digit growth in both global net sales and comps. EPS will grow in the low- to mid-single-digits.

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