Tiffany & Co. Ashley Dempsey ACG2021.002. Executive Summary.
Although Tiffany’s financial goals were not meet for the year they still had a 10% increase in net sales. Gross margin declined from 2003 due to higher costs of precious metals and diamonds. Stock prices did decline also. Net earnings however did increase 41%.
Michael J. Kowalski
-Jeweler and specialty retailer
-151 Retail stores in 17 countries worldwide
Over the year Assets, Liabilities and Stockholder’s Equity accounts all took an increase. The Asset account having the greatest change and increase of $275,000 and Stockholder’s Equity around $232,000. Liabilities account with the smallest increase of only $4,000.