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Canary In Robin’s Egg Blue—-Tiffany Slashes Guidance, Q1 Down As Much As 20%
03-19-2016, 04:50 PM,
#1
Canary In Robin’s Egg Blue—-Tiffany Slashes Guidance, Q1 Down As Much As 20%
Canary In Robin’s Egg Blue—-Tiffany Slashes Guidance, Q1 Down As Much As 20%

As of this moment, the DXY dollar index currently just above 95, is lower than where it was a year ago, but that does not stop companies from using it as an excuse for continuing earnings weakness. Case in point, Tiffany & Co (which once used to be a bellwether for the luxury consumer and the overall market, but lately not so much) which moments ago reported Q4 earnings of $1.46, beating consensus expectations of $1.40, on inline revenues of $1.21bn, 6% lower than a year ago, as sales in the US, Asia Pacific and Europe all declined in the mid-single digits, offset by a 9% rebound in Japan; comparable store sales declined 5%.


http://davidstockmanscontracorner.com/ca...uch-as-20/
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