The rich must be getting richer again. Tiffany (TIF) reported its revenue for the quarter that ended January 31 was up 17% to $981 million. EPS moved up to $1.09 from $.30 in the same period a year ago. The quarter was the company’s fiscal Q4. Results from last year were hurt by a $97 million restructuring charge. Improvements in Asia, excluding Japan, were particularly good.
For the entire year, revenue fell 5% to $2.7 billion. But, EPS rose to $2.12 from $1.84.
Tiffany expects sales for its current fiscal to rise 11% and net earnings to go as high as $2.50 The well-to-do are back out in force, so it seems.
Douglas A. McIntyre
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.