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Tiffany Misses Second-Quarter Sales Estimates, But Beats on Earnings

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A strong dollar, the diminishing spending power of tourists visiting the U.S. and continued unrest in Hong Kong are all weighing on Tiffany & Co.

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What’s the matter with a strong USD? So everyone should travel here and take advantage of economic misfortunes? With the Euro, it’s a wonder how they survive. 😂

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Tiffany shares climb as earnings beat outweighs slowdown in tourist spendingTiffany attributed its weak revenue in the second quarter to a decrease in sales to international tourists in the US. They buy mass-manufactured cheap stuff from abroad and sell for outrageous prices
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