- Tiffany (TIF) saw broad global sales gain during the holiday period, but took a hit in Japan where a weak yen contributed to a 12% drop in sales.
- A key point from management is that margins came in as expected as the retailer saw prices hold up globally.
- Shares of Tiffany have traded in a narrow $89-$92.77 range over the 8 weeks as investors waited out how the luxury sector would fare during the holiday season. Bulls think the retailer did enough to spark a rally.
- TIF -0.1% premarket