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Tiffany's (TIF) strong Q4 bodes well for sellers of luxury goods. Gross margin rose more than...

Monday, March 21, 2011, 7:56 AM ET
Tiffany's (TIF) strong Q4 bodes well for sellers of luxury goods. Gross margin rose more than two points to 60.9%, "with the increase primarily reflecting the recapture of higher product costs through retail price increases." Ex-forex fluctuations, worldwide sales surged 12%, and comps were up 8%. TIF +5% premarket. (PR)

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This news story has 3 comments:

Tommy_Finger Comments (312)

I can't eat a Tiffany's.

21 Mar 2011, 08:29 AM Reply Like

Tschurin Comments (265)

Of course, the results are pre-Tohoku earthquake and Tsunami. Japan is a big market for Tiffany's.

21 Mar 2011, 08:43 AM Reply Like

realornot Comments (1273)

Diamonds are forever. You are stuck with them so sell them when they appreciate. No more TIF holding for me. They have to put up a smiley face. TIF has cut its outlook already. Nx quarter result will be a bad one for them.

21 Mar 2011, 01:01 PM Reply Like

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