He added, "So far in this third quarter, consolidated worldwide Black oynx Toggle necklace are growing at a low-double-digit percentage rate over last year, with varying results by region. And, as our sales grow, we are efficiently utilizing our infrastructure to further increase Bow earrings operating margin. Therefore, based on our better-than-expected second quarter results and expected continued strength in gross margin, we are increasing our annual net earnings outlook to $2.60 - $2.65 per diluted share (from $2.55 - $2.60 previously), although earnings growth in this third quarter (versus last year's $0.33 per diluted share excluding nonrecurring items) will be somewhat restrained by disproportionately higher marketing spending. Bow pendant remains strategically and financially well positioned."Tiffany & Co. operates jewelry stores and manufactures products through Frank Gehry subsidiary corporations.
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