Zale (ZLC) Holiday Comps Up 5.9%
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Zale Corporation (NYSE: ZLC) reports total sales for the months of November and December 2011 were $564 million, up 5.8 percent from the same period last year. Same-store sales rose 5.9 percent.
For the quarter ending January 31, 2012, the Company expects gross margin to be consistent with the prior year quarter’s gross margin of 50.3%. Operating margin is expected to be slightly below the prior year quarter’s operating margin of 7.0% due to higher selling, general and administrative expenses primarily driven by the holiday advertising campaign and marketing for the launch of proprietary products.
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For the quarter ending January 31, 2012, the Company expects gross margin to be consistent with the prior year quarter’s gross margin of 50.3%. Operating margin is expected to be slightly below the prior year quarter’s operating margin of 7.0% due to higher selling, general and administrative expenses primarily driven by the holiday advertising campaign and marketing for the launch of proprietary products.
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