Luxury retailer Tiffany & Co. (NYSE:TIF), known for its silver jewelry and signature turquoise boxes, reports fourth-quarter results before the market opens on Monday. Tiffany & Co trades on the “New York Stock Exchange” under the stock symbol “TIF. For Latest information regarding “TIF”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Luxury retailer Tiffany & Co. (NYSE:TIF), known for its silver jewelry and signature turquoise boxes, reports fourth-quarter results before the market opens on Monday.
Luxury retailers have suffered in the middle of the pullback in consumer spending. But as fears about jobs and the economy have eased, sales have ticked up. Tiffany recently said its worldwide sales rose 17 percent in November and December, its peak holiday season. Investors will be interested in seeing if sales were strong throughout the quarter.
A rebound in the luxury retailer's sales would be a positive economic sign since the market was one of the hardest hit during the recession. Consumer spending will be critical to a strong rebound from the worst economic downturn since the Great Depression.
During the fourth quarter of 2008, Tiffany earned 85 cents per share, excluding one-time items, on revenue of $841.2 million.
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