Tiffany & Co. has reported Q3 worldwide net sales of $853 million, up 4 % year on year.

Tiffany & Co continues to maintain a cautious near-term outlook about global economic conditions, but, it expects results to improve during the holiday season.

Tiffany & Co annual net earnings are expected to be $409-$435 million. Tiffany has lowered its sales expectations to 5-6 % versus.

Japan is the best performing market with total sales of $147 million.