Tiffany (TIF) stock: is there an upside?
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.
finstead.com/bite/Tiffany-TIF-stock-forecast-prediction-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.
finstead.com/bite/Tiffany-TIF-stock-forecast-prediction-august-28-2018
Feragatname
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.