Tiffany & Co. (TIF) Shines On in Q2 Results

The “Squawk on the Street” team on CNBC delivered the good news that Tiffany & Co. (NYSE:TIF) is performing beyond Wall Street estimates. The company’s trading higher in pre-market after reporting 16% increase in earnings and a 7% jump in net sales, which totalled $124 million and $993 million respectively.

Tiffany & Co. (NYSE:TIF)

The success is seen worldwide, with Americas and Asia Pacific Region being its most prominent leaders. Japan is the only country which portrayed a decline for the luxury brand. It is not surprising that Tiffany & Co. (NYSE:TIF) decided to rise its guidance for the current year.

Also it is worth to note that Tiffany & Co. (NYSE:TIF) is selling at $101.70 up by 0.91 (0.92%), the stock being up by over 25% over the past year. However, pinpointing the reasons of this phenomenon is a tough nut to crack since the company is in a whole new rejuvenation process. The margins could have been the net effect of selling more products at lower price points or focusing on higher margins from exclusive goods.

Also it is difficult to tell if luxury products regain popularity or the management team shows excellence in execution. In general it can be a bit of both, only the next quarters can show us which the most influent force is.

As with regard to the changes in the leading team of experts the company is more than ready to accommodate the new CEO, who is about to take over the control from Michael Kowalski, who devotedly served in this position for more than 15 years. They also started to tell the story of Francesca Amfitheatrof, Tiffany & Co. (NYSE:TIF) first ever female Design Director, to whom a big article in Elle Magazine is dedicated. Hopefully, only good surprises await Tiffany & Co. (NYSE:TIF) and its shareholders in the upcoming quarters.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!