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Zale (ZLC) reports sales at comparable stores rose 2.3% during the holiday period while total...

Zale (ZLC) reports sales at comparable stores rose 2.3% during the holiday period while total revenue increased by less than 1% Y/Y to $567M. For FQ2, the company expects a gross margin rate of 50.5% and an operating margin of 7.5%. On its outlook for FY13, Zale will only say that it expects to achieve positive net income.
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