Zale Corporation (NYSE: ZLC) reported its financial results for the second reporting quarter ended January 31, 2013, in a press release received by Rough & Polished. According to the company, comparable store sales (sales, compared in the same stores, existing for more than a year) increased by 2.8%, with such positive growth being registered for the 9th consecutive quarter. Sales in Zale branded stores increased by 3.6%, increasing the corporate profit rate by 7.6% or 110 basis points against the same quarter of the previous year. Jewelry retailer increased its net profit by $ 0.25 per diluted share, bringing it to $ 1.02, which is an increase of 32%. The first half of fiscal year 2013 brought the company a net profit of $ 13 million or $ 0,
"The growth in the third quarter was due to our exclusive, branded collections, and further expansion of the range of these products and their support combined with convincing marketing and staff training is an important part of our strategy," said Theo Killion, executive director of Zale Corporation.
The company's revenue was $ 671 million, an increase of $ 7 million, or 1.1%, compared to $ 664 million in the second quarter of 2012.
In the second quarter of fiscal year 2013, comparable store sales increased by 2.8%. This growth was followed by an increase in sales of 5.8% in the same period last year. With a constant exchange rate, comparable store sales increased by 2.2%. Zale's brand stores, including Zales Jewelers and Zales Outlet, reported an increase in comparable store sales by 3.6% compared to a 10.1% increase in the same period last year. American jewelry brands of the company, selling high-quality products, including the regional brand Gordon's Jewelers, increased the volume of comparable store sales by 2.8%. This growth was followed by an increase in sales of 8.9% in the same period last year. Canadian jewelery brands Zale, which sell high-quality products, which includes units Peoples Jewellers and Mappins Jewellers, demonstrated an increase in comparable store sales by 3.8%. This growth was followed by an increase in comparable sales by 0.7% in the same period last year. With a constant exchange rate, comparable sales in the second quarter of fiscal year 2013 grew by 0.5% after an increase of 2.3% in the same period last year. Piercing Pagoda, jewelry division of Zale, which sells from kiosks, demonstrated an increase in comparable store sales by 1.0%. In the same period last year, comparable sales fell by 3.0%. Zale jewelry division, which sells from kiosks, demonstrated an increase in comparable store sales by 1.0%. In the same period last year, comparable sales fell by 3.0%. Zale jewelry division, which sells from kiosks, demonstrated an increase in comparable store sales by 1.0%. In the same period last year, comparable sales fell by 3.0%.

 www.zales.com , www.zalesoutlet.com , www.gordonsjewelers.com , www.peoplesjewellers.com and www.pagoda.com .