Tiffany Q1 profit up by 26 percent

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29-May-2011

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Tiffany & Co. has posted a 20 percent year on year increase in sales at $761 million for its first fiscal quarter while cost of sales rose 19 percent to $317.3 million. Net earnings rose 26 percent to $81.1 million for the three months that ended April 30. The worldwide sales rose 16 percent. Substantial growth was registered in Asia-Pacific and only Japan recorded a sales decline.

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