March 3, 1999
Tiffany Reports Record Sales in 1998
Net earnings for Tiffany & Co. rose 24% to a record $90 million in 1998 compared to 1997, the company reported today.
Strong sales growth in the U.S. and major international markets, plus the opening of several stores, resulted in a 15% increase in net sales during the company's fiscal year 1998 (which ended Jan. 31, 1999) compared to fiscal year 1997. Retail sales rose by 20% over 1997 in both the U.S. and Japan.
Tiffany also saw a 10% growth in corporate and catalog sales compared the same period the previous year.
- by Stacey King