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Zale’s sales up 9.4%
Same-store sales up 9.8%
By: Diamond World News Service
Sep 1 2011 11:29PM
Reference: 6291  


At the close of the quarter ending July 31, 2011, Zale earned a 9.4 percent y-o-y increase in its sales which touched $377.3 million and a 9.8 percent rise in same-store sales. Yet there was a higher net loss this quarter over last year’s comparable quarter - $32.6 million worth of net loss in the quarter under consideration this year ( $28.5 million in the corresponding quarter of 2010).

Gross margin when considered as a percentage of revenue showed a dip of 51.3 percent (52.7 percent in the sale quarter last year). Also, the inventory at the end of the quarter was higher over last quarter, valuing $721 million in this year’s quarter from $703 million last year. Zale’s outstanding debt was at $395 million, from $296 million in comparable quarter of 2010. Yet there was a level of optimism that the company expressed, as it looked upon its performance as positive, considering the volatility in commodity markets and the overall economy.

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