Tiffany Sees Annual EPS of $2.72 - $2.77

Michael J. Kowalski, chairman and chief executive officer of Tiffany & Co. TIF stated: “We are now a few weeks into the all-important two-month holiday season and sales growth is exceeding our expectations, although the majority of the holiday season is certainly still ahead of us. Based largely on having achieved higher-than-expected third quarter earnings, as well as favorable gross margin trends, we are increasing our annual net earnings outlook (excluding nonrecurring items) to $2.72 - $2.77 per diluted share, from $2.60 - $2.65 previously.”