Last $21.04 USD
Change Today -0.08 / -0.38%
Volume 892.5K
ZLC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

zale corp (ZLC) Snapshot

Open
$21.12
Previous Close
$21.12
Day High
$21.18
Day Low
$21.01
52 Week High
02/27/14 - $21.97
52 Week Low
04/22/13 - $3.76
Market Cap
906.8M
Average Volume 10 Days
617.8K
EPS TTM
$0.19
Shares Outstanding
43.1M
EX-Date
--
P/E TM
110.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for ZALE CORP (ZLC)

zale corp (ZLC) Details

Zale Corporation, together with its subsidiaries, operates as a specialty retailer of fine jewelry in North America. The company operates through three segments: Fine Jewelry, Kiosk Jewelry, and All Other. The Fine Jewelry segment operates 614 stores and 127 Zales Outlet stores that offer bridal designs, branded watches, gemstones, gold merchandise, diamond fashion, and solitaire products under the Zales Jewelers brand; and 146 stores in 9 provinces providing gold jewelry, gemstone jewelry, and watches under the Peoples Jewellers brand. It also operates 122 stores in 24 states and Puerto Rico that offer bridal designs, branded watches, gemstones, gold merchandise, and diamond fashion and solitaire products under the Gordon's Jewelers brand; and 55 stores in 6 provinces providing bridal assortment and branded jewelry under the Mappins Jewellers brand, as well as operates e-commerce sites, including zales.com, zalesoutlet.com, peoplesjewellers.com, pagoda.com, and gordonsjewelers.com. This segment also provides repair services to customers. The Kiosk Jewelry segment offers bracelets, earrings, charms, rings, non-precious metal products, and gold chains, as well as silver and diamond jewelry under the Piercing Pagoda and Plumb Gold brands through 630 mall-based kiosks. This segment also provides ear-piercing services. The All Other segment offers insurance and reinsurance services for a range of insurance coverage, such as merchandise replacement coverage, group life insurance coverage, and credit insurance coverage. The company was founded in 1924 and is based in Irving, Texas.

11,900 Employees
Last Reported Date: 09/27/13
Founded in 1924

zale corp (ZLC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $966.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $432.7K
Chief Merchant & Sourcing Officer and Executi...
Total Annual Compensation: $576.5K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $452.1K
Chief Administrative Officer
Total Annual Compensation: $594.2K
Compensation as of Fiscal Year 2013.

zale corp (ZLC) Key Developments

Zale Corporation Announces Investments in Technology, Store Remodels in Selected Store Openings

Zale Corporation announced that capital expenditures will be higher in 2014 as the company expand its investments in technology, store remodels in selected store openings. The company now anticipate capital expenditures of between $45 million and $50 million. The majority of 2014 technology-related capital spending will be focused on better enabling stores through an enhanced point-of-sale system and supporting communication infrastructure.

Zale Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended January 31, 2014; Provides Earnings Guidance for the Year 2014

Zale Corporation announced unaudited consolidated earnings results for the second quarter and six months ended January 31, 2014. For the quarter, the company reported revenues of $656,449,000 against $670,752,000 a year ago. The decrease in revenues is primarily due to the net decrease of 86 stores compared to last year and a decline in the Canadian exchange rate, partially offset by the 1.9% constant currency comparable store sales growth. Operating earnings were $59,522,000 against $51,273,000 a year ago. Earnings before income taxes were $53,426,000 against $45,185,000 a year ago. Net earnings were $50,786,000 against $41,208,000 a year ago. Diluted net earnings per common share were $1.13 against $1.02 a year ago. For the second quarter of fiscal 2014, comparable store sales increased 1.9% at constant exchange rates, or 0.6% on a U.S. dollar reported basis. This increase follows a 2.2% rise at constant exchange rates, or a 2.8% rise on a U.S. dollar reported basis, in the same period last year. Net debt was $422 million compared to $456 million in the prior year. For the six months, the company reported revenues of $1,019,063,000 against $1,028,220,000 a year ago. Operating earnings were $37,491,000 against $28,270,000 a year ago. Earnings before income taxes were $25,785,000 against $16,340,000 a year ago. Net earnings were $23,480,000 against $12,944,000 a year ago. Diluted net earnings per common share were $0.52 against $0.32 a year ago. Comparable store sales increased 3.0% at constant exchange rates, or 1.9% on a U.S. dollar reported basis, in the first half of 2014. This increase follows a 2.7% rise at constant exchange rates, or a 3.2% rise on a U.S. dollar reported basis, in the same period last year. Capital expenditures were $18 million compared to $13 million in the same period last year. Capital expenditures in the first half were primarily devoted to store refurbishment and enhancement projects, as well as technology investments in stores. The company provided earnings guidance for the year 2014. For the year, the company expects to have positive comps driven by the performance of 2 national Fine Jewelry brands, Zales and Peoples, and by further penetration of exclusive branded products. The company expects store closures will impact overall revenue growth by 280 basis points and represent net closures of 70 to 75 retail locations. The company expects to achieve a full year operating margin increase of at least 50 basis points compared to 1.9% operating margin in fiscal 2013. Tax expenses anticipated to be about $2 million to $3 million for the year. Interest expense will be approximately flat with fiscal year 2013. The company expects diluted share count to be approximately $46 million at the current stock price. And finally, capital expenditures will be higher in 2014 as expand investments in technology, store remodels in selected store openings, The company anticipates capital expenditures of between $45 million and $50 million. The majority of 2014 technology-related capital spending will be focused on better enabling stores through an enhanced point-of-sale system and supporting communication infrastructure.

Levi & Korsinsky, LLP Notifies Investors of Zale Corporation Regarding Class Action Suit

Levi & Korsinsky notified investors of Zale Corporation of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the company in connection with the sale of the company to Signet Jewelers Limited. A complaint was filed in Delaware state court.

 

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Industry Analysis

ZLC

Industry Average

Valuation ZLC Industry Range
Price/Earnings 44.2x
Price/Sales 0.4x
Price/Book 3.6x
Price/Cash Flow 17.3x
TEV/Sales 0.2x
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