Tiffany Income Jumps on Robust Overseas Growth
By wchung | 22 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 and Iran Conclude High-Level Talks in Switzerland
- Oil Slips After US-Iran Conclude Talks in Switzerland
- China Targets US Rare Earth and Other Firms with Export Controls
- Shipping Slows After Iran Says It Has Again Shut the Strait of Hormuz
- China Tightens Indium Export Checks as AI Demand Increases
- Samurai Blue Sweep Aside Tunisia, Japan Fans Sweep Monterrey Stadium
- Lebanon Fighting Threatens Switzerland Negotiations
- Danone-Chobani Yoghurt Protein War Underscores GLP-1 Impact
- Italy's Meloni Tells Trump to Focus on His Own Popularity as Row Continues
- Trump Unveils Gifted Qatari 747 As Addition to Air Force One Fleet
