GO
Loading...

Taking The Shine Off Of Tiffany

Tiffany says early holiday sales were better than expected but Goldman Sachs' retail analyst is taking a cautious view.

"We do expect continued pressures on production costs,” Adrianne Shapira told CNBC’s Power Lunch, Shapira was picking up on the jeweler's statement that higher materials costs had taken a bite out of otherwise strong third-quarter earnings.

Shapira, however, does think Tiffany's can overcome that challenege “We do think there is an opportunity to deliver some better top-lines to offset that,” Shapira said.

The company clearly thinks that's possibe. It lifted full-year guidance today, surpassing analysts' expectations.

Retail

Latest Special Reports

  • Financial advisors stress that now is the time for investors to get serious about year-end financial planning checkup.

  • Is an active twist on passive investing the right portfolio move? An inside look at the rise of ETF strategists.

  • The nexus of technology -- cloud, social, mobile and data -- are transforming user behaviors and creating new businesses.