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

  • Tips on the best-performing portfolio strategies and global market trends that can help you become a smarter investor.

  • From left: Sergey Brin, Dick Costolo, Ryan Seacrest

    Code Conference, from those who produced D: All Things Digital Conference, addresses the impact of digital technology on our lives and businesses.

  • Financial Advisor

    CNBC looks at how technology, product development, succession plans and client relations impact financial advisory firms.