Tiffany Beats First-Quarter Sales Estimate, Raises Outlook
Tiffany’s (TIF) fiscal first-quarter sales of $1.0 billion exceeded analysts’ expectation and marked a 14.9% rise YoY (year-over-year). Higher unit volumes across all regions, increased spending by tourists and locals, omnichannel offerings, new designs, and currency rates drove Tiffany’s fiscal first-quarter sales higher.