Tiffany & Co. reported sales results for the two-month period ended December 31, 2012 The company reported worldwide net sales increased 4% to $992 million. On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales also rose 4% and comparable store sales were unchanged from the prior year.

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%.