Tiffany & Co. reported soaring profit and sales in its latest quarter, underscoring the willingness of well-heeled shoppers to flex their spending muscle with luxury brands and brushing aside concerns of a trade tiff with the U.S. and China.
World-wide sales for the luxury jewelry retailer rose 12% from a year earlier to $1.1 billion, compared with the estimated $1.04 billion from analysts polled by Thomson Reuters. Same-store sales in the second quarter climbed 8%, ahead of the 6.6% increase expected from analysts in...