First, let's take a look at the results. Tiffany reported comparable-store sales rose 8% in Q2. The revenue in Asia-Pacific grew an astonishing 28%, followed by Japan (+11%). The company recorded the weakest growth figures in Europe (+5%).
Gross margin rate improved 150 bps to 64% reflecting lower wholesale sales of diamonds, favorable product input costs and sales leverage on fixed costs. However, the inventory also increased 8% year-on-year to $2.41B.
In the past quarter, the company opened 8 new stores. The total count of stores now is 320.
www.finstead.com/bit...ction-august-28-2018
Gross margin rate improved 150 bps to 64% reflecting lower wholesale sales of diamonds, favorable product input costs and sales leverage on fixed costs. However, the inventory also increased 8% year-on-year to $2.41B.
In the past quarter, the company opened 8 new stores. The total count of stores now is 320.
www.finstead.com/bit...ction-august-28-2018