Zale Q4 Revenues Drop 0.6% to $488 Million

Fine jewelry retailer Zale Corporation reported a fourth quarter comparable store sales decrease of 0.5 percent for the period ending July 31. Fourth quarter revenues were $488 million, compared to last year’s $491 million, a decrease of 0.6 percent.

Full fiscal year revenues were flat at $2.44 billion, compared to the same period last year. Full fiscal year comparable store sales decreased 0.2 percent.

"Our performance was consistent with plan for the fourth quarter," commented CEO Betsy Burton. "We remained focused on maximizing gross margin dollars and maintaining good expense control in a somewhat challenging macro environment."