Tiffany & Co.
Tiffany’s same-store sales sparkled, sending the stock to a record high. Investors ignored the earnings and revenue miss and weak full-year sales forecast. Strong demand in the Americas helped Tiffany pull off higher comparable store sales, which investors cheered. Shares were up more than 2.5 percent to $107.60.
DSW, the discount shoe retailer posted better than expected third quarter results as its same-store sales also rose more than 2.5 percent. As a result, the company hiked its full-year earnings forecast. Shares were two percent higher to $34.38.
Hormel, the maker of Spam posted quarterly earnings that came in a penny below analyst estimates. The meat company did hike its dividend by 25% to $1 a share, but the stock still fell by more than five percent to $51.32.
Cost-cutting and higher menu prices paid off for Cracker Barrel this quarter. The restaurant chain posted earnings that were up by 25 percent and it looks like the company expects to keep up that momentum, it raised its earnings and revenue guidance for the year. Shares were up more than $3 to $124.40.