Zale Corp. Revenue up $5 Million in Fiscal 2014 Q1

(IDEX Online News) – Good news continues at Zale Corp, which has announced its 12th consecutive quarter of positive comparable store sales as it reports that its revenues for the first quarter of 2014 were up $5 million, or 1.4 percent, to $363 million compared to $357 million in the first quarter of fiscal 2013.

During the quarter, ended October 31, comparable store sales increased 4.4 percent, building on a 3.9-percent rise in the same period last year. At constant exchange rates, comparable store sales increased 5.4 percent, following a 3.7-percent increase in the same period last year. 

US fine jewelry brands, consisting of Zales Jewelers, Zales Outlet and Gordon’s Jewelers, posted a comparable store sales increase of 6.3 percent. This increase follows a 3.9-percent rise in the same period last year.

Canadian fine jewelry brands, consisting of Peoples Jewellers and Mappins Jewellers, posted a comparable store sales increase of 2 percent. This increase follows a 5.5-percent rise in the same period last year. At constant exchange rates, comparable store sales increased 7.3 percent in the first quarter of fiscal 2014, following an increase of 4 percent in the same period last year.

Piercing Pagoda posted a comparable store sales decrease of 1.8 percent. In the same period last year, comparable store sales increased 2 percent.

“We have now delivered positive comparable store sales for 12 consecutive quarters. Importantly, our core national brands drove our sales performance in the first quarter with a 7.5percent comp in Zales and an 8.4 percent comp in Peoples,” said CEO Theo Killion. “For Holiday, we have expanded our exclusive, branded product offerings, launched a new marketing campaign and improved the store environment to enrich the guest experience.”