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On December 26, as many companies released preliminary spending figures during the holiday season (See Report), Tiffany provided some insights into its own. Tiffany estimated approximately 1-3% Y/Y growth in sales, largely driven by China.
Specifically, the breakdown for the net sales during the November 1 - December 24 period was as follows:
In the Americas, TIF estimates sales at ~2-4% Y/Y growth.
In Asia-Pacific, TIF expects sales at 5-7% Y/Y growth.
Asia-Pacific was mainly driven by double-digit growth from mainland China, which was offset by a decline in Hong