Tiffany & Co. posted net earnings of $49.7 million for the first quarter, a 15% increase over $43.1 million in the prior year.
The New York firm reported net sales of $620.9 million for the quarter ended April 30, a 15% gain over net sales of $539.2 million last year.
The company posted direct marketing sales of $33.3 million for the quarter, an 11% increase over $29.9 million last year.
Management attributed these results to growth in both the number of orders and in the average amount spent per order.
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