Tiffany & Co’s Sunny Forecast

March 23, 2011 | Posted by bLavish as Jewelry at 4:45 pm | Comments off

Analysts often look to the luxury market to make predictions about the state of the world economy. Ififfany & Co’s forecasting is any indication, we can all look forward to a gradual, but sure, ease to the recession. Tiffany reported increased earnings this year and their stock is up. Not only that, but the company is branching out within their Asian and South American markets.

A lot of companies may be forced to lower their earnings expectations due to the tragic events in Japan, but Tiffany says that they will be able to earn the money they expected to earn this year in Japan in China and Brazil instead. Tiffany itself is predicting even higher earnings for themselves than Wall Street. Of course, none of these things may come to pass. But if they do, it will be a sure sign that financial stability is beginning to poke its head through the world economy.

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