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Jeweler Tiffany's quarterly profit rises 8.8 pct
August 24, 2017 / 10:49 AM / in 4 months

Jeweler Tiffany's quarterly profit rises 8.8 pct

Aug 24 (Reuters) - Tiffany & Co reported an 8.8 percent rise in quarterly profit on Thursday, helped by lower product input costs and more sales of higher-margin jewelry.

The company’s net sales rose to $959.7 million in the second quarter ended July 31, from $931.6 million a year earlier.

Net income rose to $115 million, or 92 cents per share, in the reported quarter, from $105.7 million, or 84 cents per share, a year earlier. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Shounak Dasgupta)

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