Stencil Heart Hoop Set reduced net earnings

Net earnings from continuing operations rose 31% to $181.2 million, or Jewellery on Sale diluted share, versus $138.2 million, or $1.09 per diluted share, last year. Earnings in the fourth quarter of 2010 include $0.03 per diluted share of expenses (see SG&A expenses below) Square cuff links to the pending relocation of Tiffany's New York headquarters staff. Excluding that item, net earnings from continuing operations rose 34% (see "Non-GAAP Measures" schedule). In the 12 months (full year) ended January 31, 2011: Starfish Set net sales increased 14% to $3.1 billion. On a constant-exchange-rate basis, worldwide net sales and comparable store sales increased 12% and 8%. Net earnings from continuing operations rose 39% to $368.4 million, or $2.87 per diluted share, from $265.7 million, or $2.12 per diluted share, in 2009. In fiscal 2010, the Company recorded nonrecurring items Stencil Heart Hoop Set  reduced net earnings from continuing operations by $0.06 cents per diluted share. In fiscal 2009, the Company recorded nonrecurring items that benefited net earnings from continuing operations by $0.08 per diluted share. Excluding the nonrecurring items in the current and previous years (see "Non-GAAP Measures" schedule), net earnings Ten row Chain Heart Set continuing operations rose 47%. Net sales highlights by segment: In the Americas region, which includes the U.S., Canada and Latin/South America, sales in the fourth quarter increased 10% to $577.1 million and in the full year rose 12% to $1.575 billion (representing 51% of worldwide sales). On a constant-exchange-rate basis, sales increased 10% in the quarter and 11% in the full year and comparable store sales increased 8% and 8% (comparable Americas' branch store sales increased 9% and 8% and sales in the New York flagship store rose 2% and 6%).

Par lfm1001 le samedi 18 juin 2011

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