Tiffany & Co. posted net earnings of $80.8 million for the second quarter, a 21% increase over $66.7 million in the prior year.
The jewelry marketer reported net sales of $732.4 million for the quarter ended July 31, an 11% increase over $662,5 million last year.
The New York firm said that combined Internet and catalog sales in the U.S. declined 4% in the quarter.
The firm said gross margin increased 57.8% in the quarter . Management attributed this in part to
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