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UPDATE: Zale Posts Wider-Than-Expected FQ1 Loss

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Zale (NYSE: ZLC) reported a wider-than-expected fiscal first-quarter loss.

Zale posted a quarterly loss of $28.3 million, or $0.88 per share, versus a year-earlier loss of $31.9 million, or $0.99 per share.

Its revenue climbed 1.8% to $357.5 million. However, analysts were expecting a loss of $0.68 per share on revenue of $365.6 million.

Zale shares dropped 12.77% to $6.49 in after-hours trading.

Posted-In: lossEarnings News

 

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