Profit climbs but sales are nearly flat at jewelry retailer
Posted by the Asbury Park Press on 02/21/07
Asbury Park Press, NJ
THE ASSOCIATED PRESS
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Jewelry retailer Zale Corp., which has three stores in Monmouth and Ocean counties, said today its second-quarter profit edged up, the gain limited by one-time charges and flat revenue.
Profit for the quarter ended Jan. 31 totaled $88.1 million, or $1.80 per share, compared with $87.8 million, or $1.78 per share, during the same period last year.
Revenue grew 1 percent to $1 billion from $993.7 billion a year ago, which excludes results of the Bailey Banks & Biddle stores that were closed during the second quarter of 2006. Read more about Profit climbs but sales are nearly flat at jewelry retailer …
