Home Wealth  Money Zale Earnings Sparkle vs. Expectations

Zale Earnings Sparkle vs. Expectations

Posted: Jul. 24th, 2012  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Jewelry retailer Zale reported a narrower loss for its fiscal first quarter following the close of trading yesterday.

Zale's loss narrowed to $32 million, or $0.99 per share, from a loss of $97 million, or $3.03 per share, in last year's first quarter.

The loss was narrower than analysts expected, as well.

Revenue rose 7.3%, to $351 million, on same-store sales of 5.8%.

Gross margin rose to 53.5 % from 50.5%, on price hikes and lower discounts that were partially offset by rising commodity costs, the company said.

Zale CEO Theo Killion noted the company's performance demonstrates the progress it is making towards returning to profitability, as its efforts to expand operating margins gain traction.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Rolls-Royce Put a Japanese Tea Garden in $1M Bespoke Phantom
Harman Kardon Partners With HTC for Pint-Sized H/K One Wireless Speaker
Crazy Crashes Drivers Have Walked (and Swam) Away From at the Monaco Grand Prix
The Don Stott Collection: A 50 Year Love Affair With Burgundy Wines
Started From The Bottom...Now We’re Here (At Sotheby’s in NYC)
Celebrating 10 Talented Women in Wine: Melissa Burr From Stoller Family Estate
Rolls-Royce Debuts $362K "Inspired by Fashion" Wraith, Models Not Included
Pilatus' New PC-24 Super Versatile Jet Gets a Round of Applause After Maiden Voyage in Switzerland
A Crimp Lamp So Cool Even Your Dad Will Like It
Toast Marriage Equality With Iron Horse's Limited-Edition 2010 Vintage Rainbow Cuvée
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE