Net sales were up more than 15% for the year. Earnings before interest and taxes rose a similar amount. And net profits were up more than 23%. Sounds like a pretty good result to me.
Tiffany & Co. [NYSE:TIF] shares plummeted 10.22% overnight, closing at US$110.38. The luxury jewellery company was one of many victims of the recent Wall Street massive market sell-off.