Zale Earnings: Here’s Why Investors are Buying Shares Now
Zale Corporation (NYSE:ZLC) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.93%.
Zale Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.25 in the quarter versus EPS of $-0.61 in the year-earlier quarter.
Revenue: Rose 2.49% to $417.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Zale Corporation reported adjusted EPS loss of $0.25 per share. By that measure, the company beat the mean analyst estimate of $-0.33. It beat the average revenue estimate of $409.04 million.
Quoting Management: “We are pleased to report another solid quarter with a 5.6 percent comp and significant improvement to margins. Importantly, for the year we achieved a significant milestone by delivering our highest net income in six years,” commented Chief Executive Officer Theo Killion. “We intend to build on this momentum as we focus on driving profitable top-line growth and long-term shareholder value.”
Key Stats (on next page)…