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"We continue to anticipate that silver jewelry sales growth in 2013 will lag growth in higher price categories," McGuiness told investors.
The company kept to its earlier profit forecast, seeing annual profit at $3.43 to $3.53 per share.
Quarterly earnings rose to $83.6 million, or 65 cents per share, from $81.5 million, or 64 cents a share, a year earlier.
Excluding costs associated with a move to new offices last year, Tiffany earned 70 cents a share, while Wall Street expected 52 cents.
(Reporting by Phil Wahba in New York; Editing by Jeffrey Benkoe)
For the quarter ended April 30, New York-based Tiffany’s earnings rose to $83.6 million, or 65 cents per share, from $81.5 million, or 64 cents a share, a year earlier.Excluding costs associated with a move to new offices last year, Tiffany earned 70 cents a share, while Wall Street expected 52 cents.
It should have taken him at least four seconds to walk from the counter to the door, but this bandit did it in two.Tiffany’s quarterly results echoed those of Saks Inc and Coach Inc in the United States, and Burberry Group Plc and Italian fashion house Giorgio Armani, and further indicated luxury sales were regaining momentum.
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