Tiffany & Co. issued a positive second quarter earnings report Tuesday in which the company reported a 16 per cent increase in net earnings to $107 million. In addition, the luxury jeweller reported a 4 per cent increase in global sales to $926 million and a 5 per cent increase in comparable store sales.

However, this collection of good news was offset by the not so stellar news in the “Americas” region (its largest market) where total sales increased by a mere 2 percent to $444 million. Comparable store sales were unchanged in the quarter.

Growth in the US was led by Tiffany’s New York flagship store fuelled by the tourist trade. Company officials during a conference call noted that sales in the US were lower than expected and were mixed throughout the country with no discernible pattern.

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Statement jewellery (items over $50,000) and fine jewellery sales performed the strongest in the US, while less expensive fashion jewellery lagged.

“We are maintaining a cautious sales outlook for the Americas until we see solid evidence of an upturn,” said Patrick McGuiness, Tiffany’s chief financial officer.

The company is adding six stores in the Americas this year, including three in the U.S. They include a location in New Jersey’s Garden State Plaza, which opened earlier this month, one in Cleveland’s ETON Center, which opened Wednesday, and a store in New Orleans.

Overall sales and earnings growth were fuelled by exceptional growth in China combined with improvements to the company’s operating margins.

“We were pleased with the results of our efforts to improve gross margin which, combined with well-controlled expenses, yielded a solid increase in operating margin,” said Michael J. Kowalski, Tiffany chairman and CEO.

Second quarter results by region are as follows:

* Total sales in Asia-Pacific rose 20 percent to $208 million. On a constant-exchange-rate basis, total sales also rose 20 percent and comparable store sales increased 13 percent, “led by especially strong sales growth in Greater China,” the company said in its report.

* In Japan, where the company operates 54 stores, the weak yen caused total sales to decline 14 percent to $136 million in the second quarter. However, on a constant-exchange-rate basis, total sales increased 7 percent, due to comparable store sales growth of 8 percent with strong growth in engagement and higher-end jewellery categories.

* Total sales in Europe rose 11 percent to $111 million. On a constant-exchange-rate basis, sales rose 10 percent and comparable store sales rose 7 percent due to growth in the UK and most of continental Europe.

* Sales classified as “Other” sales increased 33 percent to $26 million, primarily reflecting the conversion in July 2012 of five Tiffany & Co. stores in the United Arab Emirates from independently-operated to company-operated. The company said it plans to expand in the Middle East.

 

 

蒂芙尼挣扎的美国销售


蒂芙尼公司发出了积极的第二季度财报周二，该公司录得净盈利增加16％至1.07亿元。此外，奢侈品珠宝商录得4 ％的增长在全球销售9.26亿美元和可比店面销售额增长5％ 。



然而，这个好消息的集合偏移由不那么恒星的新闻在“美洲”区域（其最大的市场） ，总销售额增长只有2 ％至4.44亿美元的。可比店面销售额在本季度持平。



在美国为首的蒂凡尼的纽约旗舰店的带动下旅游业的增长。公司官员在电话会议中指出，在美国的销量均低于市场预期，并没有明显的模式在全国各地涨跌互现。





TIFFANY ＆ CO 。纽约旗舰店带领美国销售。



声明首饰（超过50,000美元的项目）和珠宝首饰销售在美国表现最强，而不太昂贵的时尚首饰滞后。



蒂凡尼的首席财政官帕特里克McGuiness ， “我们保持谨慎的销售前景为美洲，说：”直到我们看到一个好转的确凿证据。



该公司将在美洲的6个门店，今年，包括3在美国，包括在新泽西的花园州广场的位置，开本月早些时候，一个在克利夫兰的ETON中心，开周三，并在新奥尔良的商店。



结合改善公司的经营利润率由超常增长在中国的整体销售和盈利增长动力。



“我们很高兴，说：”我们的努力，以改善毛利率，控制良好的开支相结合，产生了一个坚实的经营利润率上升的结果，蒂芙尼公司董事长兼首席执行官迈克尔·科瓦尔斯基。





地区第二季度的结果如下：



*在亚太地区的销售总额2.08亿美元，同比增长20％ 。在固定汇率的基础上，总销售额也增长了20％ ，可比店面销售额增长了13％ ， “尤其在大中华地区的销售增长强劲的带领下，”该公司在其报告中表示。



*在日本，该公司经营54家门店，日元疲软导致总销量下降14％，到第二季度的1.36亿美元。然而，在固定汇率的基础，销售总额增长了7 ％ ，可比店面销售额增长了8％ ，由于强劲增长的参与和更高端的珠宝类别。



*在欧洲的销售总额1.11亿美元，同比增长11％ 。在恒定汇率的基础上，销售额同比增长10％ ，可比店面销售额上涨了7％ ，由于生长在英国和欧洲大陆的大部分。



*销售归类为“其他”的销售2600万美元增长了33％ ，主要反映在2012年7月转换五个TIFFANY ＆ CO 。商店在阿拉伯联合酋长国独立经营公司经营。该公司表示，它计划扩大在中东。

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