Tiffany Earnings Decline as Challenges Mount
Investors were bracing for bad news from Tiffany (NYSE: TIF) in its second-quarter earnings report, as the luxury jewelry specialist's growth trends have been slowing for nearly a year. Yet shareholders were still surprised to see the chain post lower sales and reduced earnings, as well as dial back its 2019 outlook. The fiscal year targets reflect the same pockets of demand weakness that CEO Alessandro Bogliolo and his team have highlighted in recent quarters, along with a few new challenges facing the business.
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Source Fool.com
