NEW YORK — Solid merchandising, marketing and execution at Zale Corp. combined to deliver a strong performance across all brands during the second quarter, which allowed the jewelry retailer to reverse a year-ago loss and raise its financial outlook.

The Dallas-based company said for the quarter ended Jan. 31 net income reached $97.3 million, or $3.66 a diluted share, which compares with a loss of $46.2 million, or $1.44 a share, in the same period last year. Results in the prior year include a noncash impairment charge of $136.3 million from the company’s annual review of goodwill. Excluding the charge, the company reported earnings of $90.1 million, or $2.80. Earnings for the most recent quarter beat analysts’ consensus estimates, according to First Call.

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