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ZLC Stock – Zale Shares Soar on Holiday Sales

The stock has vaulted strongly over the past year


Zale Corp. Logo

Jewelry retailer Zale Corporation (ZLC) reported higher store sales during November and December, sending ZLC stock up more than 14% in Friday trading.

TIF Stock – Tiffany Ordered to Pay Swatch $449M
TIF Stock – Tiffany Ordered to Pay Swatch $449M

Zale said that same-store sales rose 2% under constant exchange rates. Zale posted revenue of $556 million during the two months. During the same time last year, Zale recorded revenue of $567 million. However, the company had 91 more stores during the prior period.

Zale indicated that it anticipates a gross margin of 52.6% for the January quarter, up from the prior year. Its operating margin was forecast for the quarter at 8.6%, also higher than last year.

The company said that its Zales stores saw same-store sales climb 4.4% during November and December in a year-over-year comparison.

ZLC stock has almost quadrupled in value since April. ZLC stock jumped sharply in August after the company reported its first annual profit since 2008.

After Friday’s gains, ZLC stock is trading over $16 a share.

Article printed from InvestorPlace Media,

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