Tiffany & Co. reports $64.6M loss in Q1

TIFFANY & CO. reported a loss of $64.6 million in the first quarter amid store shutdowns due to COVID-19. / AP FILE PHOTO/ALEX BRANDON
PROVIDENCE – Tiffany & Co. reported a loss of $64.6 million in its fiscal first quarter, ended April 30, or 53 cents per diluted share, the company said on Tuesday. One year prior, the company logged a profit of $125.2 million, or $1.03 per diluted share. Revenue for the quarter was $555.5 million, a 45%…

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