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miercuri, 19 iunie 2019

Tiffany's 2Q earnings to offer clues on wealthy

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Tiffany's 2Q earnings to offer clues on wealthy
Tiffany's 2Q profits to offer insight into affluent shopper
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August 26, 2013 1:01 PM
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tiffany NEW YORK (AP) -- Tiffany & Co. may provide some insight into how its affluent customers are feeling when it reports its second-quarter results before the market opens on Tuesday.
tiffany jewelry outlet WHAT TO WATCH FOR: Analysts will be looking closely at whether Tiffany has been seeing a more cautious consumer over the summer and will be dissecting its outlook for the remainder of the year, including the critical winter holiday season.
cheap tiffany The results come as concerns are increasing over shoppers' willingness to spend — even among the affluent — after many retailers reported disappointing profits and lowered expectations for the rest of the year. Several upscale retailers including Saks Inc., Ralph Lauren Corp. and Coach Inc., reported weak sales during the spring and early summer period. They join others like Macy's Inc. that appeal to a broader customer base that also lowered their outlooks.
cheap tiffany & co jewelry Analysts will want to know specifically from Tiffany which regions in the U.S. fared better than others and they'll also want to know whether its business in Asia remains strong. They also want to know more details about its European business. Given an increasingly challenging environment, analysts want to know Tiffany's strategies for the holiday season and whether it is stepping up marketing beyond what was originally planned. The November-December period is the biggest selling period for retailers.
WHY IT MATTERS: Tiffany is a bellwether for the luxury market, so if the company sees that shoppers are becoming more cautious, that has consequences for the broader economy.
WHAT'S EXPECTED: Analysts expect earnings of 74 cents per share on revenue of $941.5 million, according FactSet.
LAST YEAR'S QUARTER: The company reported net income of 72 cents per share on revenue of $886.8 million.

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