
The increase in profits to $126 million compares with a figure of $83.6 million a year earlier, with global net sales growing by 13 percent to reach $1 billion in that time frame. This beat the expectations of most analysts who predicted sales of $953.7 million in the first quarter of the year.
Tiffany chief executive Michael Kowalski said: "This is an excellent and encouraging start to the year."



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