French jewelry brand Van Cleef & Arpels Replica has announced the 2016 fiscal second quarter earnings, trapped in the US economic slowdown, the brand’s second-quarter net profit growth slowed, recorded a 34.2% increase. The first three months ended June 30, the brand’s total sales grew by 20% up to 4.33 billion Danish kroner or about $ 657 million in local currency converter, operating income rose 25%, but still lower than analysts expected FactSet 45.2 billion Danish kroner or about $ 686 million sales target.

Since revenues not up to expectations, Discount Van Cleef & Arpels Alhambra Jewelry earnings reports released today after shares fell 3 percent, but thanks to the company’s global expansion to get some results, accumulated since the last 6 months or more than 13% of the current market capitalization of 95.34 billion Danish kroner about combined $ 14.21 billion.

By region, including China, the Asia-Pacific region recorded a 51 percent increase in sales, Europe, Middle East and Africa region recorded a 32% sales growth in the Americas region recorded a 10 percent sales growth.

The company’s total net profit of 1.22 billion Danish kroner or about $ 185 million, compared with DKK 910 million last year rose 34.2%. Operating profit was 14.9 billion Danish kroner or about $ 226 million, compared with the same period last year rose 20% EBIT margin reached 34.4%, EBITDA margin rose from before 2015, from 36.4 to 37.2 percent.

Van Cleef & Arpels Replica Jewelry said it would maintain the 2016 fiscal year revenues over 20 billion Danish kroner annual expected EBITDA margin of more than 38 percent before, the company plans to build and fund projects in IT market expansion in Thailand, capital this year expenditure of about 12 billion Danish kroner, higher than the previous estimate of 1 billion Danish kroner.

In addition, Discount Van Cleef & Arpels Alhambra Jewelry continue global expansion, the company said 2016 will be the addition of 300 new stores planned, earlier than the addition of 275 new stores planned more than 25. At present the brand jewelry in 100 countries on six continents worldwide sales, has about 8900 points of sale, including more than 1900 concept store.

Earlier market research firm Unity Marketing analyst Pamela Danziger revealed, Cheap Van Cleef & Arpels Alhmabra Bracelet and Alex and Ani better access millennials favor, the two brands are divided up Tiffany’s market share, more importantly, they offer to attract young consumers customized jewelry services.

Van Cleef & Arpels Replica jewelry competitor Tiffany past seven years, suffered the worst performance of the season, some analysts think Tiffany refers Millennials old. Tiffany first quarter of 2016, operating income fell 7.4% to $ 891.3 million, far below the expected $ 924.1 million; profit plunged 16.7%, which is already six consecutive quarters of decline in Tiffany