GO
Loading...

Enter multiple symbols separated by commas

Tiffany Enjoys Holiday Cheer

Fine jeweler Tiffany is seeing green, thanks to strong early holiday sales.

Riding the luxury market wave and benefiting from high-end consumer strength, Tiffany is seeing “a lot of demand amongst the affluent consumer and a willingness to shop,” Dorothy Lakner, retail analyst at CIBC World Markets, told CNBC’s “Morning Call”.

With profit up nearly 23%, to nearly $30 million in the third-quarter, the company increased its full-year guidance. The company known for those little blue boxes also handily beat Wall Street earnings expectations.

Tiffany plans to open a second New York City store next year. Way to spend a bonus.


Retail

Latest Special Reports

  • CNBC's ninth annual study measures all 50 states on more than 60 different metrics.

  • Waitress tablet

    Trailblazers leveraging the power of technology and innovation to grow their business—and disrupt the competition.

  • Advisor-centric content with guest columns covering practice management, investment strategies and marketing/social media.