By
Reuters
Reuters
Published
Sep 2, 2009
Sep 2, 2009
Zale identifies prior adjustments, delays results
By
Reuters
Reuters
Published
Sep 2, 2009
Sep 2, 2009
Sept 2 (Reuters) - Zale Corp (ZLC.N), a jeweler catering to middle-income shoppers, postponed the release of its results by a week, saying it had identified certain non-cash adjustments affecting prior period results.
Photo: www.zalecorp.com |
The company said the adjustments were of about $13.0 million pre-tax, of which about $6.3 million relates to years prior to fiscal 2000.
Zale, which is finalizing appropriate accounting methods for these adjustments, will now report earnings on Sept 9.
Shares of the company closed at $5.90 Tuesday 1 September on the New York Stock Exchange. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Himani Sarkar)
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