Zale Corp. (ZLC) Posts Narrower than Expected Q4 Loss; Sees Net Income in FY13

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Zale Corp. (NYSE: ZLC) reported Q4 EPS of ($0.81), $0.03 better than the analyst estimate of ($0.84). Revenue for the quarter came in at $407 million versus the consensus estimate of $405.38 million.

Comparable store sales increased 8.3%.

Based on the current momentum of the business and the recent debt refinancing, the company expects to achieve positive net income for fiscal year 2013.

For earnings history and earnings-related data on Zale Corp. (ZLC) click here.

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