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 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
2014 Cannes Film Festival Announces 15 Female-Directed Titles
9 Awesome Golf Characters in Film We Would Love to Tee Off With
Belfast’s Malt Room Provides Welcome Retreat From Wicked Irish Weather
Enter to Win the Million-Dollar High-Tech 2014 HGTV Smart Home in Nashville
Rolls-Royce Teams Up With Formula One World Champion Jenson Button
Elvis and Priscilla Presley's Futuristic Palm Springs Honeymoon Estate Listed at $9.5M
Avoid the Mega Crowds With These 9 Eclectic Early Summer Music Festivals
Hunton Powerboats Are the "Aston Martin of the Seas"
The Ring Wants You to Take Gesture Technology Everywhere & Here's Why You Probably Won't
Meridian's 25th Anniversary DSP Digital Active Loudspeakers Finally Ready For Order
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE