Zale Q3 Comparable Sales up 3.5%

U.S. chain jeweler Zale announced comparable store sales increased 3.5 percent in its third quarter ending April 30. Total revenues for the period were $516 million compared to last year's third quarter revenues of $483 million, an increase of 6.7 percent.

For the fiscal year-to-date, total revenues increased 3.3 percent to $1.911 billion, compared to $1.849 billion for the same period last year. On a year-to-date basis, comparable store sales increased 0.4 percent.

"These sales results reflect the momentum in the business as we position our brands appropriately to capture their share of the market," commented Mary L. Forte, President and CEO.

"During the quarter, each brand had a positive comparable store sales increase and capitalized on its opportunities beginning with the Valentine's Day period. Supported by a solid bridal category, we maintained this performance throughout the remainder of the period."