More on Tiffany's (TIF) Q3: The retailer saw steady sales gains in the Americas region,...

|About: Tiffany & Co. (TIF)|By:, SA News Editor

More on Tiffany's (TIF) Q3: The retailer saw steady sales gains in the Americas region, Asia-Pacific, and Europe but its gross margin rate fell 160 bps to 54.4%. Tiffany didn't keep pace with the overall retail sector, seeing Internet sales only increase 3% during the period. The company sets a "cautious" outlook with global macroeconomic factors in play, saying it sees FY12 EPS of $3.20-$3.40, lower than prior guidance of $3.55-$3.70 and short of the consensus mark of analysts calling for $3.60. TIF -12.2%. (PR)