Tiffany & Co. Reports Sales Results for the Two-Month Period Ended December 31, 2012; Provides Earnings Guidance for the Year Ending January 31, 2013
The company now expect that net earnings for the year ending January 31, 2013, will be at the lower-end of the forecast that it issued earlier of $3.20 - $3.40 per diluted share. Due to uncertainty about general economic conditions in all major markets, management is planning sales growth conservatively for 2013 and at this point expects net earnings growth of 6% - 9%.