Tiffany’s net sales hits $681.7 Million in Q3

Tiffany & Co.'s third-quarter net sales rise to $681.17 million worldwide, a 14 per cent increase from the same period last year. In the three months ending October 31, Tiffany also managed to increase gross margin by 3.7 per cent. The rise was attributed to retail price increases, improvement in manufacturing processes and sales leverage on fixed costs. The sales increase and higher operating margin contributed to a higher than expected 27 percent increase in net earnings to $55.1 million.