Home Wealth  Money Zale Earnings Sparkle vs. Expectations

Zale Earnings Sparkle vs. Expectations

Posted: Nov. 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
Nick Offerman Hilariously Schools Us On Fine Scotch Whisky in New Video Series
La Quinta Resort is Blown Away By JBF Rising Star Semi-Finalist Chef Ruiz in Taste of Waldorf Astoria
Katey Sagal and Jimmy Smits Spill their Guts on the Sons of Anarchy Series Finale (SPOILERS)
Practice Your Left Hook With Karl Lagerfeld's Limited Edition $175K Punching Bag
Air France Opens Fully Renovated JFK Lounge for La Première, Business & Flying Blue Elite Plus Fliers
Per Se & French Laundry to Start Charging Diners in Advance for Prix Fixe Menus
Kaleidescape Launches New Alto Movie Library & Player After Pressure from Film Industry
Get the Insider Scoop on How Art Basel Transports Its Multi-Million Dollar Artworks
Membership Has Its Privileges at These 8 East Coast Golf Clubs
Treat Yo' Self With the Unique Square 20 Table Lamp
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE