Zale’s Sales Up for Third Quarter, Mother’s Day

Zale Corporation announced its revenue for the third quarter ended April 30 increased 8.1 percent compared with the same period last year.

In a conference call following the release of the company’s financial results, CEO Theo Killion said that Mother’s Day comp sales were up 15 percent.

Comparable store sales for the quarter rose 8 percent.

Chief financial officer Tom Haubenstricker said refinancing the company’s debt is a focus for the management team.

“There are a number of options that we are looking at right now,” Haubenstricker said. “We have a lot more options in front of us given what we have been able to achieve financially in the last couple of quarters.”

Killion said proprietary brands “continue to be a priority” and that the company plans “a couple of new introductions this fall.”

Highlights of Zale’s financial statement:

  • Third quarter revenue: $445 million, compared to $412 million last year
  • U.S. fine jewelry brands comparable store sales: up 10.9 percent
  • Canadian fine jewelry brands comparable store sales: up 3.8 percent
  • Kiosk jewelry comparable store sales: down 1.1 percent