Zale Earnings: Here’s Why Investors Don’t Like These Results
Zale Corporation (NYSE:ZLC) delivered a profit 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 down 2.84%.
Zale Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 30.77% to $1.02 in the quarter versus EPS of $0.78 in the year-earlier quarter.
Revenue: Rose 1.05% to $670.75 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Zale Corporation reported adjusted EPS income of $1.02 per share. By that measure, the company beat the mean analyst estimate of $0.99. It beat the average revenue estimate of $667.34 million.
Quoting Management: “The five-star IBEROSTAR Grand Hotel Paraiso offers the perfect setting for romance, from our secluded villas to our unique butler service,” said John Long, vice president of sales and marketing for IBEROSTAR Hotels & Resorts. “We’re thrilled to be partnering with Zale as we encourage entrants across America to make their own memories on our beautiful grounds.”
Key Stats (on next page)…