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
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
Property Envy Host Lists $1.5 Million Mid-Century Palm Springs Desert Oasis
Sky High $11.7M Miami Beach Penthouse Offers a Pneumatic Elevator and Posh Designer Fixtures
Headed to the Masters Golf Tournament? Here's Why You Should Fly Private
Will the 2005 Mouton Rothschild Outshine the Renowned 2000 Vintage? (and Should You Invest?)
Here is How to Create This Cover-Worthy Quinoa Salad From The Ranch at Live Oak Cookbook
Pebble Beach Food & Wine Gears Up for 8,000 Attendees, Supports Daniel Boulud, Thomas Kellerís Foundation
Pastrovich Studio Creates 55m X-Easy Concept for Simplified Cruising
Where Do Fashion Designers, Hollywood, Opera Houses and Luxe Hotels Turn for Ethereal Lighting Installations?
The Results Are In! Whiskey Reigns Supreme at 2015 San Francisco World Spirits Competition
The Brutal Deaths and Bright Afterlives: Catching Up With Our Favorite Dead Game of Thrones Characters
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE