Zale's Q2 Like for Like Sales Slip, But Revenues Are Up

Zale Corp, North America's largest specialty jewelry retailer, today reported that for the second quarter ended January 31, comparable store sales edged down 0.6 percent. Total revenues for the period, however, were $972 million compared to $949 million for the same period last year, an increase of 2.4 percent.

For the fiscal year-to-date, revenues have risen 2.1 percent to $1.395 billion, compared to $1.366 billion for the same period last year. On a year-to-date basis, comparable store sales decreased 0.7 percent.

Zale Corp will announce its second quarter fiscal 2005 earnings results on February 18.