Shares of Tiffany & Co. moved higher Wednesday after the luxury jewelry retailer posted second-quarter profits that beat Wall Street’s expectations by 11 cents and raised full-year guidance by 5 cents a share.
For the three months ended July 31, net income gained 16.2 percent to $124.1 million, or 96 cents a diluted share, from $106.8 million, or 83 cents, a year ago. Wall Street was expecting 85 cents a share.
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)