Zale Corp. (ZLC) reported fourth-quarter net loss of $4.88 million or $0.15 per share, compared to net income of $1.54 million or $0.03 per share last year.
The company posted loss from continuing operations of $4.88 million or $0.15 per share, compared to earnings from continuing operations of $717 thousand or $0.01 per share in the prior-year quarter.
On average, six analysts polled by First Call/Thomson Financial expected the company to report loss of $0.57 per share.
Quarterly revenues grew to $456.22 million from $429.97 million in the comparable period a year ago. Four analysts had a consensus revenue estimate of $448.91 million.
Looking ahead, the company expects fiscal 2009 earnings per share in the range of $1.10-$1.25, while it expects earnings per share adjusted for total warranty sales in the range of $2.35-$2.50. Total revenue recognized from warranty sales is expected to be $55 million for fiscal 2009, which includes $15 million from 2009 sales plus $40 million from sales made in 2007 and 2008. Analysts expect earnings of $0.90 per share, on revenues of $2.09 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.