Tiffany & Company (NYSE: TIF) is a Zacks #1 Rank company that recently reported strong second-quarter results. The company enjoyed broad-based growth across the U.S. and in many international markets. Earnings per share from continuing operations of 45 cents beat the consensus by 28.6% and jumped year over year. Net sales moved forward approximately 20% to $662.6 million. Same-store sales advanced 17% in the U.S. and 7% internationally. As for the future, Tiffany said it is experiencing a good start to the fiscal third quarter and boosted its earnings guidance for the year. Earnings estimates for this year have, therefore, advanced 7.5% in the past seven trading days.

Tiffany’s Average Broker Recommendation is up to 1.64. According to Zacks Research Digest, analysts view the company’s brand strength as key to its long-term growth. Other growth drivers include new store expansion, same-store sales growth and new businesses. In addition, new products, marketing and customer service initiatives, and new sales assortments supported by a strong ad campaign should also improve results. Finally, its gross margin rate is benefiting from a more balanced mix, higher retail prices and gains from increased in-house production.