Tiffany Backs FY16 Outlook

(RTTNews) - Tiffany & Co. (TIF) said that it still expects worldwide net sales for fiscal year 2016 declining by a low single-digit percentage from the prior year and earnings per diluted share declining by a mid-single-digit percentage from 2015's adjusted earnings.

The company also expects net cash provided by operating activities of at least $660 million and free cash flow of at least $400 million for the full 2016 fiscal year.

The company expects to report its sales results for the two month holiday period ending December 31, 2016 on Tuesday January 17th before the market opens.