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 Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!