Qingdao is Tiffany's eighth location in China. The jeweler currently operates two stores each in Beijing and Shanghai, and one store each in Tianjin, Shenyang and Chengdu.Tiffany & Co. operates jewelry and specialty ChronoSwiss Regulateur Moonphase CS-20 stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations.
Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO. For additional information, please visitTiffany Reports 19% Net Gain, ChronoSwiss Regulateur Moonphase CS-22 By Asia-Pacific, EuropeTiffany & Co. reported a 19 percent jump in first-quarter earnings, buoyed by strength in the Asia-Pacific and in Europe, which offset weakness in the U.S.For the three months ended April 30, earnings reached $64.4 million, or 50 cents a diluted share, from $54.1 million, or 39 cents, in last year's quarter. The results were 25 percent ChronoSwiss Time Master CS-15 analysts' expectations of earnings of 40 cents a share.
Total sales rose 12.2 percent to $668.1 million from $595.7 million, while same-store sales grew 3 percent.Sales in the Americas region, which includes North and South America, rose 6 percent to $373.6 million, ChronoSwiss TimeMaster 24H CS-23 comparable-store sales remained constant. Boosted by tourists taking advantage of the weak dollar against foreign currencies, the New York flagship saw a 16 percent increase in same-store sales.In the Asia-Pacific region, which includes Japan and Asia-Pacific countries outside Japan and the Middle East, sales soared 21 percent to $222 million, while comps increased 4 percent. European sales rose 38 percent to $60.1 million and comps spiked 12 percent.
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