Tiffany sales down 45% due to store closures

  • Earnings per share (EPS) $0.53 vs. $0.35 expected
  • Revenue $555.5 million vs. $701 million expected
  • In America, sales were down 45% in the first quarter to $225 million.
  • In the Asia-Pacific region, sales tumbled 46% to $174 million.
  • In Europe, total net sales dropped 40% to $61 million.
  • In Japan, total net sales plunged 40% to $86 million.

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