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

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)
Comments (3)
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    I can't eat a Tiffany's.
    21 Mar 2011, 08:29 AM Reply Like
  • Tschurin
    , contributor
    Comments (357) | Send Message
     
    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
    , contributor
    Comments (1281) | Send Message
     
    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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