Tiffany catapults to all-time high as sales blow away estimates

TIFFANY & CO. reported a $142 million profit in the first quarter on a $1 billion revenue. The company's board also approved a $1 billion share repurchase program. / BLOOMBERG FILE PHOTO/PATRICK T. FALLON
TIFFANY & CO. reported a $142 million profit in the first quarter on a $1 billion revenue. The company's board also approved a $1 billion share repurchase program. / BLOOMBERG FILE PHOTO/PATRICK T. FALLON
NEW YORK - Tiffany & Co.’s revamp is starting to pay off handsomely. Investors cheered Wednesday as the jeweler posted strong sales growth, raised its profit forecast for the year and announced a share buyback plan of $1 billion. Worldwide same-store sales, a key retail metric, blew away analysts’ estimates in the first quarter, led…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display