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