Holidays give boost to Zale sales
DALLAS — Zale Corp. reported increased revenues and earnings for its second quarter ended Jan. 31, thanks to a successful holiday season.
The company reported that revenues for the quarter were $664 million, an increase of $37 million, or 6%, compared with $626 million in the same period last year.
Comparable-store sales, which are based on year-over-year merchandise sales, increased 5.8% during the quarter. This increase follows a 7.9% rise in the same period last year.
The company had earnings from continuing operations for the second quarter of $29 million, or 78 cents per diluted share, compared with earnings from continuing operations of $28 million, or 74 cents per diluted share, in the comparable quarter last year.
“Because of the importance of the holiday selling period to our business, the positive same-store sales we’ve achieved over the past two years is significant,” commented Theo Killion, CEO. “Our consistent top line growth is a result of the work we’re doing to return the company to profitability.”