TIF - Tiffany's holiday period sales at record high levels

For the interim period Nov.1, 2020 through Dec. 31, 2020, Tiffany (TIF) reported an increase of ~2% Y/Y in preliminary worldwide (unaudited) net sales leading to record net sales for any holiday period in the company's history."During this period, we saw the Chinese Mainland market continue to drive our overall sales growth with certain other Asia Pacific markets also supporting the increase of ~20% for that region. We were also happy to see that the positive sales momentum from Q3 continued through the 2020 holiday period for the Americas and Japan, with Japan increasing ~8% Y/Y," CEO Alessandro Bogliolo commented.As of Dec.31, 2020, the company operated 320 stores (122 in the Americas, 87 in Asia-Pacific, 59 in Japan, 47 in Europe and five in the UAE), versus 327 stores a year ago (125 in the Americas, 91 in Asia-Pacific, 58 in Japan, 48 in Europe and five in the UAE).

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Tiffany's holiday period sales at record high levels