More on Tiffany's (TIF): Comparable store sales rose 8% during Q1. By region, sales in Asia-Pacific were up 15% to $223M, while sales in Europe and the Americas rose 6%. A mix shift to lower gross margin products cut into profitability results during the quarter and SG&A expenses were up 8% Y/Y. The company sees FY13 EPS of $3.43-$3.53, unchanged from prior guidance. (PR)
Tiffany & Co through its subsidiary, operates as a jeweler and specialty retailer. It also sells timepieces, sterling silver goods, china, crystal, stationery, fragrances, personal accessories and leather goods.