Yruma said shoppers are being (cautious). But "where the consumer sees a need and sees quality, they're willing to pay," he said.
A broad rebound in consumer spending — which, including big-ticket items like health care and housing, (accounts) for about 70 percent of the gross domestic product — will be critical to any economic (recovery). And recovering luxury spending is seen as a harbinger.
In the quarter ending July 31, the New York company earned $67.7 million, or (53) cents per share. That's above the $56.8 million, or 46 cents per share, the company earned in the year-ago period.
(Excluding) one-time items, Tiffany earned 55 cents per share — 2 cents above analyst estimates, according to Thomson Reuters.