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.
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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