By Aarthi Sivaraman 23 minutes ago NEW YORK (Reuters) - Upscale U.S. jeweler Tiffany & Co (TIF.N) posted a higher-than-expected profit and raised its full-year forecast on strong sales overseas, while middle-tier Zale Corp (ZLC.N) posted a loss due to price markdowns.Tiffany's U.S. sales have been weak recently as consumers cut back on discretionary purchases, though its higher-income clientele tend to be less affected by economic concerns than people who frequent hard-hit jewelers such as Zale, Finlay Enterprises (FNLY.OB) and Signet Group (SIG.L).
But Tiffany, whose shares rose nearly 7 percent in pre-market trading, said on Thursday it expects its U.S. same-store sales to return to growth in the fourth quarter, which includes the key holiday shopping season.
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