Tiffany & Co. (TIF) Reports Q1 Loss of $0.53/sh
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Tiffany Reports First Quarter Results
June 9, 2020 6:30 AM EDTNEW YORK--(BUSINESS WIRE)-- Tiffany & Co. (NYSE: TIF) today reported its financial results for the three months ended April 30, 2020 (first quarter). Worldwide net sales as reported and on a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see Non-GAAP Measures) were below the prior year primarily as a result of the temporary closures of a substantial number of the Companys stores around the world due to the COVID-19 pandemic. Unlike calendar year-end companies, the Companys first quarter began February 1, meaning that the COVID-19 pandemic affected its entire quarter.... More
