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

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

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)