7:01AM Tiffany & Co beats by $0.10, beats on revs; guides FY09 EPS above consensus (TIF) 47.74 : Reports Q1 (Apr) earnings of $0.50 per share, $0.10 better than the First Call consensus of $0.40; revenues rose 12.2% year/year to $668.1 mln vs the $649 mln consensus. Co issues upside guidance for FY09, sees EPS of $2.80-2.90 vs. $2.73 consensus; reaffirms FY09 net sales growth of 10%.
7:01AM Kirklands beats by $0.29, beats on revs (KIRK) 2.36 : Reports Q1 (Apr) loss of $0.13 per share, $0.29 better than the First Call consensus of ($0.42); revenues rose 2.2% year/year to $84.1 mln vs the $80.3 mln consensus. "We are encouraged by this start to fiscal 2008 and the demonstrated benefits of our merchandising and financial initiatives. We anticipate that our sequential quarterly results will fluctuate as we progress through the year, but we are confident we will post significant year-over-year improvement in each quarter during fiscal 2008."
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