Tiffany: Q1 loss exceeds expectations
(CercleFinance.com) - Tiffany has reported a Q1 (to end-April) adjusted net loss of 64 million dollars, or 53 cents per share, while analysts were expecting a loss less than half the size.
Hit head on by the Covid-19 crisis, which has meant store closures worldwide, the New York jeweler saw its quarterly revenues plunge by 45% to 556 million dollars (-43% like-for-like and excluding FX factors).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Hit head on by the Covid-19 crisis, which has meant store closures worldwide, the New York jeweler saw its quarterly revenues plunge by 45% to 556 million dollars (-43% like-for-like and excluding FX factors).
Copyright (c) 2020 CercleFinance.com. All rights reserved.