Tiffany Income Jumps on Robust Overseas Growth
By wchung | 17 Jun, 2026
Tiffany & Co. says strong sales of its jewelry both in the U.S. and overseas helped third-quarter net income rise 27 percent.
The jewelry maker famous for its iconic turquoise box is raising its yearly guidance and says sales are exceeding expectations as the holiday season starts.
Tiffany says net income rose to $55.1 million, or 43 cents per share, from $43.3 million, or 34 cents per share. That beat analyst expectations of 37 cents per share.
Revenue rose 14 percent to $681.7 million. Analysts expected $652.8 million.
Revenue in Japan, Asia and Europe outpaced growth in North and South America. But revenue was higher in every geographic region.
Luxury spending has rebounded as the affluent have recovered from the recession faster than others as the stock market rebounds.
NEW YORK (AP)
Recent Articles
- US Holds off Blacklisting DeepSeek, Over 100 Firms Deemed Security Risks
- Vietnam Maintains 2026 GDP Target Despite Trade Deficit, Inflation Pressure
- China Makes New Push to Take Yuan Global
- Iran Deal Includes $300 Billion Investment Fund, With Over Half Already Committed
- US Senate Narrowly Blocks New Bid to Rein in Trump War Powers
- BYD Ramps up Battery Production in Brazil
- Intel Begins Chip Production with New Fabrication Process
- 'Wingman' Drone Key Piece of EU's Defense Self-Reliance
- Keiko Fujimori Edges Ahead in Brutal Contested Vote Count
- Chip Queen He Tingbo Subverts Moore's Law to Overturn the Global Semiconductor Hierarchy
