Jim Cramer: Tiffany Domestic Same-Store Sales Make Up for Earnings Miss

Tiffany reported earnings that slightly missed Wall Street expectations but Jim Cramer says what people don't understand about Tiffany is that the company trades on U.S. comparable sales and the U.S. comparable sales showed double digit gains for the third quarter at 11 percent. Cramer says Tiffany is very conservative, they gave conservative guidance and he thinks they'll beat that guidance. Cramer adds that the world's second-largest luxury jewelry retailer is incredibly well run and says he can see the stock going up another 10 percent before it becomes too expensive. The spike in same-store sales sent the stock higher Tuesday.