Zale Sales Improve, Results Pressured by Costs

Reuters reports Zale Corp (NYSE:ZLC) reported its third straight quarter of same-store sales gains.

The market news is quoted as saying,

The sales gains helped the jewelry retailer report a narrower operating loss, but higher diamond, gold and silver costs put pressure on the company’s gross margin.

Zale shares were down nearly 8 percent at $4.38 on Wednesday morning.

For the complete market news, click here.