Why Tiffany & Co. Stock Dropped Today [The Motley Fool]
TIFFANY (TIF)
Last tiffany earnings: 3/20 06:40 am
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Source: The Motley Fool
The luxury jewelry retailer is falling in lockstep with an industry peer. Here's why. Steve Symington ( TMFSymington ) Oct 10, 2018 at 3:12PM What happened Shares of Tiffany & Co. ( NYSE:TIF ) were down 9% as of 2:30 p.m. EDT Wednesday following concerning comments on growth in Japan and China from fellow luxury goods specialist LVMH Moet Hennessy Louis Vuitton ( NASDAQOTH:LVMUY ) . LVMH shares are also down 8% as of this writing. IMAGE SOURCE: TIFFANY & CO. So what In particular, during their quarterly conference call today, LVMH management warned that they've seen a significant slowdown in growth from Japan, where Tiffany generated roughly 14% of its trailing 12-month sales. And while LVMH also noted it's had a less-severe deceleration in China -- which comprised around 16% of Tiffany's revenue last year -- the company confirmed th
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