Zale Reports 30% Jump in Net Earnings

Zale Corp. reported net earnings of $6.9 million for the fourth quarter, up 30% from the same quarter last year.

In addition, the jewelry direct marketer and retailer reported revenue of $455.6 million for the quarter ended July 31, compared with $442.4 million in the prior year.

For the year ended July 31, the Dallas company reported net earnings of $106.5 million, up from net earnings of $99.4 million last year.

The company reported revenue of $2.3 billion for the year, up 4.2% from $2.2 billion last year.

“We are very pleased with these financial results for both the fourth quarter and the fiscal year,” said CEO Mary L. Forte in a statement.