Tiffany Outlook for Fiscal 2018
Management's preliminary view for fiscal 2018 calls for a mid-single-digit percentage increase in worldwide sales. Management also anticipates increased levels of spending in a number of areas, including technology, marketing communications, visual merchandising, digital, and store presentations, which it believes are necessary to achieve its longer term sales, margin and earnings growth objectives.
As a result, management expects net earnings per diluted share to be flat to slightly down from the forecasted 2017. However, net earnings per diluted share in fiscal 2018 is expected to benefit, in an amount yet to be determined, from an expected lower effective income tax rate resulting from the recent revisions to the U.S. tax code.
Management will provide additional information regarding its Fiscal 2018 outlook when it reports full year results in March.
