Nelson Peltz Is Having A Great Breakfast This Morning (TIF)

I think I just saw Nelson Peltz order a big expensive breakfast this morning, and he's eating it at Tiffany's TIF. Peltz is the largest shareholder of Tiffany's, via his stake in Trian Partners. Trian owns 5.24% of the company, as of the last reporting date, September 30. Tiffan'ys said that holiday sales rose 11%, much better than anyone was expecting. On the back of the rise in holiday sales, Tiffany's boosted full year earnings guidance. The New York based company said it now expects full-year earnings between $2.83 and $2.88 per share, up from the $2.72 to $2.77 per share it previously forecast. Wall Street expects earnings of $2.77 per share. Tiffany also said it expects revenue for the fiscal year ending Jan. 31 to come in at nearly $3.1 billion, which is slighlty above the $3.05 billion estimates.