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
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you canít 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
This Bespoke Savelli Smartphone Will Help Fight AIDS One Brilliant-Cut Diamond At A Time
Have You Eaten at One of the World's Most Expensive Restaurants? Find Out!
Discover the Cannes Yachting Festival: From the Parties to the Yacht Debuts
Ferrari FF is the First Car to Feature the Apple CarPlay System
Membership Has Its Privileges at These 8 East Coast Golf Clubs
Nike and Teague Team Up to Eliminate Home-Court Advantage for Traveling Athletes
Will the Ban on Female Members Be Lifted? The Royal & Ancient Golf Club of St Andrews Ready to Vote
Now This is How You Transform a Barn Into a Stunning Home for Two
Inside Apple's Big Day: iPhone 6 & 6 Plus Revealed
Charting the Progression of the iPhone: From 2007 to Now
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE