This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Zale Corporation Reports First Quarter Fiscal 2014 Results

Zale Corporation (NYSE: ZLC) today reported its financial results for the first quarter ended October 31, 2013.

“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.”

First Quarter Fiscal 2014 Results

Revenues were $363 million, an increase of $5 million, or 1.4 percent, compared to $357 million in the first quarter of fiscal 2013.

For the first quarter of fiscal 2014, comparable store sales increased 4.4 percent. This increase follows a 3.9 percent rise in the same period last year. At constant exchange rates, comparable store sales increased 5.4 percent, following a 3.7 percent increase in the same period last year.
  • Zales branded stores, consisting of Zales Jewelers and Zales Outlet, posted a comparable store sales increase of 7.5 percent. This follows a 4.8 percent rise in the same period last year.
  • U.S. Fine Jewelry brands, consisting of Zales Jewelers, Zales Outlet and Gordon’s Jewelers, posted a comparable store sales increase of 6.3 percent. This increase follows a 3.9 percent rise in the same period last year.
  • Peoples branded stores posted a comparable store sales increase of 3.1 percent. This increase follows an 8.9 percent rise in the same period last year. At constant exchange rates, comparable store sales increased 8.4 percent, following a 7.3 percent increase in the same period last year.
  • Canadian Fine Jewelry brands, consisting of Peoples Jewellers and Mappins Jewellers, posted a comparable store sales increase of 2.0 percent. This increase follows a 5.5 percent rise in the same period last year. At constant exchange rates, comparable store sales increased 7.3 percent in the first quarter of fiscal 2014, following an increase of 4.0 percent in the same period last year.
  • Piercing Pagoda posted a comparable store sales decrease of 1.8 percent. In the same period last year, comparable store sales increased 2.0 percent.

All comparable store sales include the associated ecommerce businesses.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs