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Tiffany Stock Dips 10% as Luxury Goods Come Under Pressure
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Tiffany said it earned 77 cents a share, matching analysts’ estimates, on revenue of $1.01 billion, below the $1.05 billion consensus. Comparable sales rose 3%, less than the 6.2% the Street was expecting.
For the full year, the company sees earnings per share of $4.65 to $4.80, below the $4.83 analysts are modeling for. The guidance includes a decline in operating margin, due to “significant” fixed-cost increases. Tiffany also lowered its full-year comparable sales guidance to mid-single-digit growth, down from a prior forecast for mid-to-high-single-digit growth.
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https://www.barrons.com/articles/tiffany...yptr=yahoo
![[Bild: TIFc1dl1214.png]](https://finviz.com/publish/112818/TIFc1dl1214.png)
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Tiffany said it earned 77 cents a share, matching analysts’ estimates, on revenue of $1.01 billion, below the $1.05 billion consensus. Comparable sales rose 3%, less than the 6.2% the Street was expecting.
For the full year, the company sees earnings per share of $4.65 to $4.80, below the $4.83 analysts are modeling for. The guidance includes a decline in operating margin, due to “significant” fixed-cost increases. Tiffany also lowered its full-year comparable sales guidance to mid-single-digit growth, down from a prior forecast for mid-to-high-single-digit growth.
...
https://www.barrons.com/articles/tiffany...yptr=yahoo
