JCK 5: February and March 2014 Financial Results



Among the notable financial results reported in February and March:1. Zale Corp. reported a $51 million profit for the quarter, up 24 percent from last year’s $41 million. Revenue dropped 2.2 percent to $656 million, from $671 million the prior year.2. Pandora’s sales in the United States grew 24 percent in 2013, to 3.2 billion Danish kroner ($589 million). Sales grew 28 percent in dollars.3. Tiffany & Co.’s profits were hit by the $473 million penalty it was forced to remit to the Swatch Group, the result of a loss before a Dutch arbitration panel. The company posted a $104 million loss in the fourth quarter; without the penalty, it would have seen a $190 million profit.4. Charles & Colvard’s sales for the year ended Dec. 31 increased 27 percent to $28.5 million. Loose jewel sales increased 23 percent.5. Sterling Jewelers saw overall comp sales rise 4 percent for fiscal
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