Tiffany & Co. and Signet Jewelers Ltd. both issued positive guidance Tuesday after showing holiday sales growth.
New York-based Tiffany said that global comparable store sales in the two months ended Dec. 31 grew 8 percent versus a year ago on a constant currency basis. U.S. comps gained 12 percent, the company said.
The firm said it now expects full year earnings per share of between $2.07 and $2.12, when its fiscal year closes on Jan. 31. Its previous estimates called for EPS of between $1.88 and $1.98.
Bermuda based Signet, which operates the Kay Jewelers and Jared The Galleria of Jewelry nameplates in the U.S., said worldwide sales comped up 5.6 percent in the holiday period. U.S. sales grew 7.6 percent, the company said.
Signet said it expects full year EPS to be between $1.76 and $1.84. It said it expects to outperform its own internal financial targets for the year.
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