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A Look at Tiffany’s Updated Guidance

A Look at Tiffany’s Updated Guidance

Buoyed by the strong performance during the holiday season, Tiffany & Co. (TIF) raised its sales and earnings outlook for fiscal 2017. Its sales are expected to benefit by 2% from higher fashion jewelry sales and square footage expansion. Tiffany plans to open nine stores, relocate seven stores, and close seven stores.