Tiffany & Co prelim $0.96 vs $0.85 Capital IQ Consensus Estimate; revs $993 mln vs $988.94 mln Capital IQ Consensus Estimate
Tiffany & Co plans on adding net 10 co-operated stores during 2014, prior guidance +13 co-operated stores and closing 4 existing stores
Tiffany & Co sees FY15 (fiscal 2014) EPS of $4.20-4.30 vs $4.15-4.25 prior guidance and $4.28 consensus; worldwide net sales of +HSD vs +HSD prior guidance and +8.8% to $4.39 bln consensus
Guidance assumes operating margin increasing due to a higher gross margin and SG&A expense growth less than sales growth.