By  on August 29, 2012

Zale Corp. losses narrowed in the fourth quarter and chief executive officer Theo Killion said the company had momentum on its side.

Fourth-quarter net losses shrank to $19.7 million, or 61 cents a share, from $32.6 million, or $1.02, a year earlier. Revenues for the three months ended July 31 increased 7.9 percent to $407 million from $377.3 million as comparable-store sales rose 8.3 percent.

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