News Formal

Tiffany shares climb as earnings beat outweighs slowdown in tourist spending

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Tiffany attributed its weak revenue in the second quarter to a decrease in sales to international tourists in the US.

rose as much as 5% on Wednesday as the company's second-quarter earnings beat offset declining revenue due to a slowdown in tourist sales.

The luxury jeweler saw its global sales fall by 3% in the second quarter as international tourists decreased spending in the US amid a strong dollar. International shoppers are an important stream of revenue for Tiffany, particularly in the retailer's New York store.Watch Tiffany trade liveShares of Tiffany & Co. climbed as much as 5% on Wednesday as the retailer's better-than-expected earnings outweighed a declined in sales. Revenue fell due to a drop-off in demand for luxury jewelry among international tourists.$1.04 billion, compared to $1.

"Second quarter sales results were also impacted by a continued sharp decline in sales to both Chinese and all other tourists, which we believe lowers our reported sales by a couple of percentage points," Chief Executive Officer Alessandro Bogliolo said during the company's earnings call.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

They buy mass-manufactured cheap stuff from abroad and sell for outrageous prices

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

US stocks rally on optimism for a US-China trade war thawMARKETS: Technology and communications companies led stocks broadly higher as cautious optimism about the potential for progress in the costly trade war between the U.S. and China put investors in a buying mood. Then our deranged “president” will say something tomorrow to make them tank again. Trump is gaslighting. Think the trade war’s costly, you should see the complacency bill.
Fonte: ABC - 🏆 471. / 51 Consulte Mais informação »

Tiffany sales fall on tourist spending drop in U.S., but earnings beat estimatesLuxury jeweler Tiffany & Co said on Wednesday declines in tourist spending in th... Chinese tourists not thrilled anymore by the US? $TIF FREE T SHIRT IS NOT HAPPY
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »