February 19, 2003 |
Zale Corp., the largest North American jewelry retailer, had a second-quarter net loss of $46.2 million after writing down the value of its Piercing Pagoda acquisition. The net loss amounted to $1.44 a share, compared with net income of $95 million, or $2.70 a share, a year earlier, Zale said. Sales increased 1.3% to $908.4 million. Irving, Texas-based Zale shares rose 77 cents, or 2.6%, to $30.01 on the NYSE.
July 13, 2002 |
Zale Corp.'s fiscal fourth-quarter profit will be less than forecast because of slowing sales at the largest North American jewelry retailer. Shares fell 15%, the biggest drop in at least two decades. Profit will be 14 cents to 17 cents a share, excluding costs, in the quarter ending July 31, Zale said. The average estimate of analysts surveyed was 24 cents. Sales at stores open at least a year will rise 1% to 2%, the jewelry seller said. Slowing sales also led the largest U.S.
August 31, 2001 |
Zale Corp.'s fiscal fourth-quarter profit fell 74% to $3 million, or 9 cents a share, exceeding reduced estimates, as the jewelry chain cut prices to get rid of lower-quality gems and gift items. Sales in the quarter ended July 31 rose 9.9% to $417 million, but sales at stores open at least a year fell 9.7%. Zale had warned this month that profit would be 5 cents to 10 cents a share, prompting analysts to reduce forecasts from 17 cents to 6 cents.
August 8, 2001 |
Zale Corp., North America's largest jewelry retailer, warned that fourth-quarter earnings will fall far short of Wall Street expectations as sales at stores open at least a year dropped nearly 10% in the period. The jewelry retailer said that earnings for the three months ended July 31 will be 5 to 10 cents a share. Analysts surveyed by Thomson Financial/First Call had expected earnings of 17 cents a share. Zale's sluggish sales performance compares with a 6.
February 20, 2001 |
Zale (ZLC) Jim: Buy Mike: Buy * Jim: Our two stocks today both got knocked silly recently, Mike, which no doubt prompts many investors to wonder whether the shares might now be a buy on the premise that the bad news is out of the way. Mike: Except that these situations always beg the question: Is the bad news really out of the way? Sometimes bad news begets more bad news. Jim: Where there's smoke there's fire. Mike: Or a smoke-making machine. Anyway, at Zale Corp.
February 13, 2001 |
Zale Corp., the nation's largest jewelry retailer, reinstated former Chairman and Chief Executive Robert DiNicola to replace Beryl Raff and said it postponed reporting its fiscal second-quarter earnings from Wednesday until March 7. Zale said Raff, who was named to replace DiNicola in August, resigned to spend more time with her family and on personal interests. Zale and other jewelry retailers warned in December that quarterly profit would fall short of estimates because of weak holiday sales.