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Signet Jewelers Ltd. likes what it’s getting out of its May 2014 acquisition of Zale Corp., and apparently investors do, too.
With eight months of Zale ownership behind it, the retailer behind such brands as Kay and Jared ended the year with a fourth-quarter earnings “beat” and revenues that fell just short of analysts’ consensus estimates, boosting its sales for the year 36.3 percent to $5.74 billion, with an expected decline in gross margin attributable to Zale’s lower margin operations one of the few drawbacks to come out of the deal. 405 more words
Stocks tried hard to regain losses after a big sell-off yesterday, but finished the day mostly down amid a strong government report on declining jobless claims and reports from economists regarding the certainty of an interest rate hike. 145 more words