Thank God! Tiffany sales exceed expectations!

[rfranklin]

Nov. 24, 2010, 10:47 a.m. EST

Tiffany raises outlook as profit sparkles
Shares of the fine jewelry retailer gain more than 4%
By Andria Cheng, MarketWatch
NEW YORK (MarketWatch) — Luxury jewelry retailer Tiffany & Co. said Wednesday its fiscal third-quarter profit rose a better-than-expected 27%, helped by demand across most geographic regions.

Tiffany (NYSE:TIF) also raised its full-year forecast, giving an encouraging signal as retailers enter the critical holiday selling period.

Shares of Tiffany rose 4.3% in morning trading. They have surged 45% over the past three months.

“We are now a few weeks into the all-important two-month holiday season, and sales growth is exceeding our expectations, although the majority of the holiday season is certainly still ahead of us,” said Michael Kowalski, Tiffany’s chief executive. Read story on Black Friday deals hitting a fever pitch

http://www.marketwatch.com/story/story/print?guid=8C36FB5C-F7C5-11DF-8066-00212804637C

The trickle down starts any moment now!

[madmax]

1. Love your sense of humor. nt

[Angry Dragon]

2. All the CEO's are out buying diamonds for all their workers

Such nice guys they are

[valerief]

4. Because they CARE. nt

[Warpy]

7. More likely wives and mistresses

and, since it's Tiffany's, they all get the same thing, no thought has to go into it at all.

The workers, of course, will have to count themselves lucky if the pink slips don't arrive before Xmas, but after. Those are the only gifts they can count on.

[valerief]

3. It's breakfast, lunch, and dinner at Tiffany's! Hurray for the rich! nt

[Blue Owl]

5. that'll show the terrorists who's winning

:sarcasm:

[Newest Reality]

6. I might sleep better tonight

fueled by the wealth of my imagination as I bask in the relief that Tiffany & Co. is pumping out the sales to status seekers and the deadbeat rich alike! It's a good way to feel less poor.

It's a beautiful world ... FOR YOU!

[KamaAina]

8. Oh, that Tiffany. I thought she had a new album out.

[Catherina]

9. We're saved. We're saved!

[Stevenmarc]

10. Yes what an evil company that manufactures a significant percentage of their merchandise in the USA

[rfranklin]

12. Totally useless merchandise of course...

They don't maufacture many diamonds in New York.

[Stevenmarc]

13. Well...

Diamonds don't set themselves and at least Tiffany makes a substantial effort to not use conflict diamonds unlike the big box stores where any cheap bling will do. As far as useless merchandise, well that's in the eye of the consumer, some of us actually see value in quality and customer service, so if they are doing well this quarter it's because they understand their customers needs and can provide a product at an acceptable price point.

That's the way marketing works and all the feigned righteous indignation in the world isn't going to change that.

[Fuzz]

11. I just need to find bows big enough for the cars I'm giving this year as gifts.

[quinnox]

14. well, the rich know they are going to keep their Bush tax cuts

So they are going to splurge at Tiffany's and other luxury goods makers.

As long as the rich are happy and taken care of all is right in America. :sarcasm: