Zale Corp. announced that comparable store sales increased 5.9 percent and revenues rose 5.8 percent during the months of November and December.
Comparable store sales rose 10.1 percent in Novemver and 4.2 percent in December. Revenues for the two-month period were $564 million compared to $533 million in the same period last year. Revenues include approximately $10 million resulting from the change in warranty revenue recognition.
Other highlights from Zale Corp.’s holiday financial statement:
- U.S. fine jewelry brands—consisting of Zales Jewelers, Zales Outlet and Gordon’s Jewelers—had an increase in comparable store sales of 9 percent, compared with a 7.5 percent increase from last year.
- Canadian fine jewelry brands—consisting of Peoples Jewellers and Mappins Jewellers—had an increase in comparable store sales of 0.2 percent, compared with a 15.6 percent rise in the same period last year.
- Kiosk jewelry comparable store sales decreased 2.1 percent. In the same period last year, kiosk jewelry comparable store sales rose 4.2 percent.