Shares of Tiffany & Co. fell more than 3 percent Friday after the upscale jeweler reported second-quarter earnings that met analysts’ expectations but revenues that fell considerably short of them.
Net income for the three months ended July 31 rose 19.2 percent to $67.7 million, or 53 cents a diluted share, from $56.8 million, or 46 cents, in the year-ago quarter. Sales climbed 9.2 percent to $668.8 million from $612.5 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)