Market Overview

UPDATE: Zale Posts Wider-Than-Expected FQ1 Loss

Related ZLC
Glass Lewis Recommends Zale Shareholders Vote AGAINST Merger with Signet
Glass Lewis Says Shareholders Should Vote Against Signet

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


Related Articles (ZLC)

View Comments and Join the Discussion!

Partner Center