Tiffany’s Posts Income, Sales Gains

Tiffany & Co. reported net earnings of $110.5 million for its fourth quarter, up 24% from $89.3 million last year.

The jewelry direct marketer and retailer reported net sales of $731.6 million cor the quarter ended Jan. 31, up 18% from $619 million last year.

The New York-based firm’s direct marketing sales were $76.9 million duding eh quarter, up 11% from about $69.3 million last year.

For the year ended Jan. 31, Tiffany’s reported net earnings of $215.6 million, up 13% from $189.9 million last year.