Tiffany’s Q2 earnings beat estimates and ups FY14 guidance

News published on August Wednesday 28, 2013
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Yesterday Tiffany released better-than-expected Q2 14 results (ended 31 July). Although Q2 sales were a touch below consensus, due to a poor performance in the Americas, Q2 margins and EPS beat estimates thanks to a GM improvement and tight opex cost controls. Consequently management now expects an increase in the operating margin (vs. stable) and is also revising up its FY14 EPS guidance: USD3.50-3.60 vs. USD3.43-3.53 previously.

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