Zale Loses $28.5 Million in 4Q

The company lost $94 million in the fiscal year, compared to $190 million in 2009.

Highlights
of Zale’s fourth quarter and fiscal year (ended July 31) results:

  • Overall Revenue (4Q): $345
    million, down 3.4 percent.
  • Overall Revenue (FY): $1.62
    billion, down 9.2 percent
  • Same-Store Sales (4Q): Down 2.1
    percent, compared to 21.2 percent decrease in 2009
  • Same-Store Sales (FY): Down 6.6
    percent, compared to 16.6 percent decrease in 2009

For
more information on Zale’s financial statement, click here.