22.06.2015 - Tiffany & Co's revenue decreased less than expected
The stock price of Tiffany & Co is growing against the publication of statistics. The company's revenue fell less than expected, but still is under the pressure of a strong dollar, which has led to lower revenue in foreign stores, as well as reduced expenses of tourists in the United States. Demand in Japan declined by 24% due to weak economic growth. As a result, in the quarter, which ended April 30, the company published a report according to which income fell to 104.9 million dollars against 125.6 million dollars during the same period last year. Sales fell by 4.9% to 962.4 million. Sales in the US increased by 1.0%. We forecast the company's shares by 20-25% per year.