By  on May 23, 2018

Tiffany & Co. started off the year on a strong financial footing as sales and profits grew across regions and product categories — and chief executive officer Alessandro Bogliolo said this is only a start.

The jewelry company said first-quarter net sales increased 15 percent to $1 billion, while net earnings, aided in large part by new business-friendly tax regulations, rose 53 percent to $142 million. Comparable sales increased 10 percent, a number that now includes web, catalogue and store sales. Wall Street was excited by the quarter and pushed the company’s shares up 23.3 percent to $126.05, an all-time high.

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