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Zale today announced a 41% increase in net earnings per share during the Company's fiscal year ended July 31, 2000, reporting diluted earnings per share of $3.11 versus diluted earnings per share of $2.21 for the same period last year.

Net sales for fiscal 2000 were $1.794 billion compared to $1.429 billion last year, reflecting a total sales increase of 25.5% and a comparable store sales increase of 11.6%. Net earnings for the year were $111.5 million compared to $80.9 last year.

Net sales for the fourth quarter were $373.8 million, compared to $326.0 million for the same period last year. Comparable store sales increased 6.4% for the same period. During the recently completed quarter, net earnings were $11.6 million or $0.32 per diluted share, compared to $8.5 million, or $0.23 per diluted share, for the same period last year.

Click on the news link at the top of this page to read the full press release.

Keep Foolish and Prosper,

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