Deutsche Bank Reports Impressive Q2 For Tiffany

According to Deutsche Bank, Tiffany TIF posted impressive Q2 sales & earnings with USD0.69 reported EPS & USD0.86 clean EPS, beating DBe by 5% and 12% respectively. Deutsche Bank said it raised FY EPS guidance by 6% to USD3.65-3.75 vs USD3.45-3.55. “So overall impressive performance of the TIF brand with broadbased strength: NA comps were +23% with NY flagship recording an impressive +41% and +19% in the rest of the store base; Asia-Pac comps were +41%; Japan comps were an impressive +8%; European comps were +11%. So comps accelerated everywhere in Q2 except in Europe.” Tiffany closed yesterday at $63.11.