DGSE

Luxury jeweler Tiffany (click ticker for report: ) posted decent second quarter results Tuesday morning. Sales increased 4% year-over-year to $926 million, falling slightly short of consensus estimates, but not enough to warrant concern. Earnings per share were 15% higher than the year-ago period at $0.82, several pennies higher than consensus expectations. Source: Valuentum, Company Filings Same-store sales growth at Tiffany wasn’t bad during the second quarter, up 5% year-over-year on a constant-currency basis. However, it is hard to ignore the two-year trend that is clearly declining, as the two-year stacked comp shows (see light blue line on right in image above). Americas Recent trends in the Americas region reveal that much of Tiffany’s potential growth in the market has … Read more