Shiny outlook for 2008 at Tiffany

Tiffany & Co posted higher-than-expected quarterly profit on Monday as increased sales overseas and new stores helped offset the effect of a shaky U.S. economy that has strained consumer spending.

Company's sales grow with 15% to USD
2.94 billion, profit with 20% to USD 304 million in last business
year, endig in January. Tiffany has a forecast for a 10 percent rise
in sales in the previous 12 months.

Domestic sales have benefited from
scores of tourists, especially from Europe, who took advantage of the
weak dollar and shopped actively in Tiffany's flagship location in
New York and at stores in cities like San Francisco and Las Vegas.
Meanwhile, international sales rose 21 percent during the fourth
quarter ended on January 31. The company opened 17 new stores
worldwide during the past fiscal year, and has now 184 worldwide. In
Europe company has stores in 10 country.