Organic revenues for its fashion and leather goods division were up 9 percent in the quarter, versus a 21 percent rise in the prior quarter.
said revenues rose 1 percent in the third quarter, reflecting a slowdown in its key fashion and leather goods division as inflation and high interest rates weigh on consumer spending., Tiffany & Co. and Sephora, said group revenues in the three months to Sept. 30 totaled 19.96 billion euros, below a Bloomberg consensus estimate of 21.15 billion euros.
The segment’s progression was down from the 21 percent organic revenue growth recorded in the second quarter, and below a Bloomberg consensus forecast for 11.2 percent growth. Organic sales of wines and spirits were down 14 percent in the third quarter, while watches and jewelry posted a 3 percent increase. Perfumes and cosmetics were up 9 percent, and selective retailing rose 26 percent.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Score updates: San Francisco 49ers lead Dallas Cowboys 28-10 in third quarterTwo of the top teams in the NFC meet on Sunday at Levi’s Stadium
Read more »
Broncos struggles in third quarter has been one of many problems this seasonInsanity is doing the same thing over and over and expecting different results. The Broncos have won the coin toss in five straight games and deferred to the second half each time. Yet, they have b…
Read more »
Nikki Haley pulls in $11 million in third quarter following debate performancesJulia Johnson is a politics reporter at the Washington Examiner, where she also worked as a trending news editor. She was born and raised in New Jersey before earning her bachelor's in political science in 2021 from the University of South Carolina, with a minor in mass communications. Follow Julia's X for updates on her reporting: JuliaaJohnson_
Read more »
Nikki Haley hauls in over $11M in third quarter, nearing Ron DeSantisNew Hampshire independent voter Alan Natkiel and Republican voter Melinda Tourangeau on how they feel about the presidential candidates
Read more »
Stable production, higher price boosts Alphamin's third-quarter EbitdaTSX-V- and AltX-listed Alphamin Resources achieved earnings before interest, taxes, depreciation and amortisation (Ebitda) of $38.3-million for the quarter ended September 30, compared with the Ebitda of $35.4-million reported for the second quarter of this year. The increase in Ebitda came on the back of stable production and sales volumes and a higher tin price.
Read more »
D-FW builders sold more than 13,000 homes in third quarterBreaking news and exclusive reporting about real estate, commercial development and housing trends in Dallas, Collin County, North Texas and beyond.
Read more »