Tiffany Ups Outlook, Holiday Sales Up 17% - TheStreet

Tiffany Ups Outlook, Holiday Sales Up 17%

The luxury goods retailer said fiscal year earnings and sales will exceed its expectations after sales over the holiday period rose 17%.
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NEW YORK (

TheStreet

) --

Tiffany

(TIF) - Get Report

, the luxury goods retailer, said earnings and sales for the fiscal year ending this month will exceed its expectations after sales over the holiday period rose 17%.

Sales for the two-months ended Dec. 31 rose to $799.1 million.

Tiffany said it's on track to achieve net sales of about $2.7 billion for the full year and earnings from continuing operations of $2.07 to $2.12 a share, higher than its previous forecast of $1.88 to $1.98 a share.

Analysts surveyed by Thomson Reuters expect Tiffany to earn $1.92 a share in the fiscal year ending Jan. 31 on sales of $2.65 billion.

-- Reported by Joseph Woelfel in New York.

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