Tiffany's (TIF, $92.52 ) same-store sales lack lustre in Q1, amidst lower tourist spending

Tiffany & Co. beat earnings estimates for the first quarter, but took a beating on same-store sales.

For the three months ending April, the luxury jewellery company’s earnings came in at $1.03 per share, surpassing analysts’ estimates by 2 cents. However, they were -9.7% lower from the year-ago quarter.

Same-store sales declined by -2% - sharper than anticipated – due to substantially less worldwide spending from tourists amidst a strong U.S. dollar, as indicated by Tiffany. The company’s total revenue fell -3% to $1 billion – a level lower than what analysts expected.

Looking ahead, Tiffany projects 2019 earnings per share to increase by a "low single digit" percentage from last year, thereby lowering its forecast from a prior estimate of a "mid single digit" advance.

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Sergey Savastiouk|Expert

<p>Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years&nbsp;developing&nbsp;his proprietary trading and quantitative algorithms (now Tickeron&rsquo;s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional,&nbsp;sophisticated stock market analysis capabilities to retail investors via&nbsp;an easy-to-use interface.</p>