Zale Corp. (ZLC) Post Smaller-than-Expected Q1 Loss, Comps Up 4.4%

Zale Corp. (NYSE: ZLC) reported Q1 EPS of ($0.83), $0.03 better than the analyst estimate of ($0.86). Revenue for the quarter came in at $363 million versus the consensus estimate of $362.42 million. Comparable store sales up 4.4 percent; up 5.4 percent at constant exchange rates.

“We have now delivered positive comparable store sales for twelve consecutive quarters. Importantly, our core national brands drove our sales performance in the first quarter with a 7.5 percent comp in Zales and an 8.4 percent comp in Peoples,” commented Theo Killion, Chief Executive Officer. “For Holiday, we have expanded our exclusive, branded product offerings, launched a new marketing campaign and improved the store environment to enrich the guest experience.”

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

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