Tiffany & Company (TIF) is an American worldwide luxury jewelry and specialty retailer, headquartered in New York City. Tiffany sells jewelry, sterling silver, china, crystal, stationery, fragrances, water bottles, watches, personal accessories, as well as some leather goods. Many of these goods are sold at Tiffany stores, as well as through direct-mail and corporate merchandising. Tiffany is renowned for its luxury goods and is particularly known for its diamond jewelry. Tiffany markets itself as an arbiter of taste and style, and was once a purveyor to the Russian imperial family.
Reported before open today (5/25/16) Earnings: EPS $0.64 Revenue $891.3M Estimates: EPS $0.68 Revenue $924M Up 0.30% today so far
Oversold and sitting at what will be a triple bottom if this doesn't drop below $60. Stock hasn't been below $60 since 2012.
Tiffany & Co. CEO Resigns Amid Company's Financial Concerns http://www.foxbusiness.com/features...esigns-amid-companys-financial-concerns.html#
Luxury goods retailer Tiffany (TIF) may also see early strength after reporting fourth quarter results that exceeded analyst estimates.
Shares of Tiffany ($TIF) saw pre-market weakness after the luxury goods retailer reported better than expected first quarter earnings but on weaker than expected sales.
Tiffany reported comparable-store sales rose 8% in Q2. The revenue in Asia-Pacific grew an astonishing 28%, followed by Japan (+11%). The company recorded the weakest growth figures in Europe (+5%). Gross margin rate improved 150 bps to 64% reflecting lower wholesale sales of diamonds, favorable product input costs and sales leverage on fixed costs. However, the inventory also increased 8% year-on-year to $2.41B.
