Menu
Market NewsNewsTiffany beats analyst expectations, raises FY outlook

Tiffany beats analyst expectations, raises FY outlook

Tiffany & Co blew past analysts’ estimates in the first quarter and raised its full-year forecast for profit and sales as a plan to target millennials and sell household items attracted more shoppers, sending its shares to an all-time high, Reuters reported.

The upscale jeweler posted its strongest rise in same-store sales in four years, driven by China-led growth in Asia and strong sales in its domestic market, the Reuters report said.

Read more here