NEW YORK, NY / ACCESSWIRE / May 24, 2018 / Luxury high end retailers Tiffany & Co. and Ralph Lauren both soared to new highs after posting earnings that beat expectations.

RDI Initiates Coverage on:

Tiffany & Co.
https://rdinvesting.com/news/?ticker=TIF

Ralph Lauren Corporation
https://rdinvesting.com/news/?ticker=RL

Tiffany & Co. shares closed up 23.29% yesterday on about 12.6 million shares traded. The stock hit a new high of $126.64 after the high-end jewelry company announced first quarter results that beat on both the top and bottom line. For the first quarter, Tiffany & Co. reported net earnings of $142.3 million, or $1.14 a share. This was a growth of over 50% and was higher than the $0.83 that analysts had been expecting. Revenue of $1.033 billion was also higher than the $958.2 million that analysts were waiting for. Comparable sales growth of 7% was also way ahead of the 2.7% expected by the street. For full-year fiscal 2018, the company has projected worldwide net sales to see an increase in the high-single digit percent translating to net earnings of $4.50 to $4.70 per diluted share. Analysts were expecting full year 2018 earnings to be $4.42 a share on a modest revenue growth of 5.6%. CEO Alessandro Bogliolo was "very pleased" with the quarter. Founder of research firm Retail Metrics, Ken Perkins, remarked, "New product offerings resonated with consumers, and with its Paper Flowers collection of platinum and diamond jewelry rolling out, Tiffany should continue to fare well. The company also approved a $1 billion buyback.

Access RDI's Tiffany & Co. Research Report at:
https://rdinvesting.com/news/?ticker=TIF

Ralph Lauren Corporation shares closed up a little over 14% on Wednesday with about 5.6 million shares traded. The stock hit a new high of $136.43 after the high end apparel retailer announced fourth quarter results that beat expectations. The luxury apparel retailer's decision to pull products off department store shelves and sell more products at full-price boosted margins. For the quarter, the company reported adjusted earnings per share of $0.90, with a 1.1% increase YOY. Sales came out to $1.53 billion. Wall Street was projecting earnings per share of 83 cents on sales of $1.48 billion. Ralph Lauren saw a foreign currency aided revenue growth of 440 basis points during the quarter which marked its thirteenth consecutive earnings beat. CEO Ralph Lauren commented, "As we reflect on the year, I am incredibly proud of what the team is doing to elevate and energize our brand around the world." Looking ahead, Ralph Lauren is expecting revenue in the first quarter to be flat to down slightly in constant currency. It's expecting full-year revenue to lower by low single digits in constant currency.

Access RDI's Ralph Lauren Corporation Research Report at:
https://rdinvesting.com/news/?ticker=RL

Our Actionable Research on Tiffany & Co. (NYSE: TIF) and Ralph Lauren Corporation (NYSE: RL) can be downloaded free of charge at Research Driven Investing.

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