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Zale Corporation (ZLC)

ZLC is defunct.
  • Sep. 4, 2012, 12:53 PM
    Shares of Zale (ZLC +0.8%) ride higher again, as the one week 48% post-earnings rally shows no signs of reversing. The jewelry store operator has hit its stride as of late with same-store sales growing in double digits while it reigns in expenses and debt.
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  • Aug. 30, 2012, 1:55 PM
    Today's round of strong sale reports from major retailers may give firms the confidence to hold back on more promotional activity heading into the holiday season, according to AlixPartners. One promising trend is that shoppers stepped out to buy bolder, more fashion-oriented lines - instead of just replenishing the basics. With the retail table now set for a strong Q3 as the back-to-school season roars to a powerful start, optimism starts to creep up that consumers might even keep the good vibes going right through the crucial holiday period.
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  • Aug. 29, 2012, 7:34 AM
    Zale (ZLC): Q2 EPS of -$0.61 beats by $0.23. Revenue of $406.9M (+7.9% Y/Y) in-line. (PR)
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  • Aug. 27, 2012, 3:48 PM
    Shares of Zale (ZLC +2.7%) and Blue Nile (NILE +2.5%) get a lift from Tiffany's Q2 results. It's a bit of a curious move as the company's report didn't paint a particularly pretty picture of the sector. On top of that, TIF's jump could be influenced by shorts taking profits off the table as visibility has cleared on the name.
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  • Aug. 3, 2012, 8:59 AM
    Shares of Blue Nile (NILE) skyrocket 27.1% premarket after the company beat estimates with its Q2 report. The company's full-year guidance of $0.70-$0.85 came in over the consensus mark of analysts and brings up the question if the company is catching jewelry buyers trading down from higher-priced brick-and-mortar sellers such as SIG, TIF and ZLC.
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  • Jul. 25, 2012, 9:58 AM
    Zale (ZLC +20.6%) shares shine after the jewelry maker secures a new $665M credit facility, which the company says will reduce its borrowing costs and accelerate its return to profitability.
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  • Jul. 3, 2012, 1:30 PM
    Forecasts for June retail sales tip off that sales growth for the sector could come in at the lowest level since August 2009, according to data compiled by Thomson Reuters. After Nike (NKE) and Bed Bath & Beyond (BBBY) set the tone with disheartening guidance, the whole sector is on on watch to determine the effects on revenue of a jittery U.S. consumer. Even if a company's numbers are solid, the question of how management is using discounting and promotions to pump up sales will remain in focus.
  • May 24, 2012, 9:56 AM
    Shares of jewelry sellers Blue Nile (NILE -3.1%) and Zale (ZLC -3.5%) fall lower after the word from Tiffany is that U.S. sales were weak. (Earlier: Signet feels the pull of Tiffany's gravity)
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  • May 23, 2012, 2:25 PM
    Zale Corp.'s (ZLC +9%) jumps after beating FQ3 earnings estimates this morning. Losses narrowed as the company continues to post same-store sales growth, led by its domestic business. The company says momentum is continuing into the current quarter, with May month-to-date comp store sales currently up about 15%.
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  • May 23, 2012, 7:36 AM
    Zale (ZLC): FQ3 EPS of -$0.14 may not be comparable to consensus of -$0.16. Revenue of $445M (+8.1% Y/Y) beats by $12M. (PR)
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  • May 8, 2012, 11:14 AM
    The stocks of companies selling jewelry get taken down a few notches on concerns that luxury spending in the U.S. will decline after European demand falters and China's endless thirst for jewelry isn't necessarily viewed as a sure thing anymore. Decliners: ZLC -6.5%, SIG -5.2%, TIF -3.4%, NILE -10.4%.
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  • Feb. 22, 2012, 7:39 AM
    Zale (ZLC): FQ2 EPS of $0.78 beats by $0.01. Revenue of $664M (+6.1% Y/Y) beats by $7M. (PR)
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  • Feb. 16, 2012, 10:06 AM
    M&A chatter keeps percolating along (previous) on a possible merger between Zale (ZLC +5.1%) and Signet (SIG +2.1%). Despite a hefty long-term debt load, Zale makes for an attractive play at $5 or $6 a share for Signet in a deal that could be accretive to earnings in the first year.
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  • Feb. 16, 2012, 8:22 AM
    Zale (ZLC) +5.4% premarket on speculation that the jeweler could prosper in a marriage to larger rival Signet (SIG). "The Zale name has taken a beating, but it's still a brand that people know," one investment banker says. "Signet is more skilled at marketing, so with them at the helm at Zale, it could become a prominent name again." SIG -0.6% premarket.
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  • Jan. 10, 2012, 11:40 AM
    Profit warnings from Signet Jewelers and Tiffany's (I, II) cuts a wide swath on the sector, tainting shares of jewelry sellers Zales (ZLC -4.4%), DGSE (DGSE -1.1%), and Blue Nile (NILE -4.4%).
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  • Nov. 21, 2011, 5:01 PM
    Zale (ZLC): FQ1 EPS of -$0.99 beats by $0.43. Revenue of $350.9M (+7% Y/Y) beats by $12.3M. Same-store sales up 5.8% Y/Y, compared with 9.8% in FQ4 2011. Gross margin was 53.5%, up 220 bps Q/Q and 300 bps Y/Y. Shares +9.6% AH. (PR)
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Company Description
Zale Corporation is a specialty retailer of fine jewelry. It reports its operations under three business segments namely fine jewelry, kiosk jewelry and all other.
Sector: Services
Industry: Jewelry Stores
Country: United States