I suspect that Tiffany (NYSE:TIF) is over-hyped as a bellwether for the consumer confidence of the well-to-do, but the reality is that it's still a large and well-followed retailer. To that end, the strong comp growth here this quarter was a welcome change of pace for what has been a relatively unimpressive run in retail.
First Quarter Results Come In Strong
Tiffany certainly did better than Wall Street's sell-side expected this quarter. Even so, management kept a lid on guidance – likely a prudent move given a spate of disappointing recent guide-downs and uncertainties over product repositionings.
Please read the full article here:
http://www.investopedia.com/stock-analysis/052813/tiffany-logs-big-beat-fiscal-2014-still-work-progress-tif-lvmuy-coh-jwn.aspx
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» Investopedia: Tiffany Logs A Big Beat, But Fiscal 2014 Still A Work In Progress
Tuesday, May 28, 2013
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