Zale Corporation Reports Third Quarter Fiscal 2013 Results

    Net earnings of $5 million, or $0.13 per diluted share, compared to a loss of $5 million in the prior year quarter
    Gross margin of 52.6 percent, up 130 basis points from prior year quarter
    Operating margin of 2.2 percent, up 80 basis points from prior year quarter
    Comparable store sales up 1.4 percent; up 2.6 percent on a constant currency basis and excluding February 29, 2012
    Zales branded stores up 3.0 percent; up 3.9 percent excluding February 29, 2012
    Year-to-date net earnings of $18 million, or $0.45 per diluted share, compared to loss of $8 million, or $0.23 per diluted share, in the prior year

Zale Corporation (ZLC) today reported its financial results for the third quarter ended April 30, 2013.

Overhill Farms Signs Definitive Agreement to Be Acquired by Bellisio Foods

 Overhill Farms, Inc. (NYSE MKT: OFI) and Bellisio Foods, Inc. today announced that they have entered into a definitive merger agreement for Bellisio Foods to acquire Overhill Farms in a merger transaction valued at approximately $80.9 million.

Under the terms of the agreement, Overhill Farms shareholders will receive $5.00 in cash for each share of Overhill Farms common stock they own. The transaction represents a 26% premium over the closing price of Overhill Farms common stock on August 13, 2012, prior to the Company's announcement that it was reviewing strategic alternatives, and a 25% premium over the average of the closing price of the common stock during the 60 calendar days ended May 13, 2013, the last day prior to entering into the merger agreement.

Reed's Inc. 1st Quarter 2013 Revenues Increase 24%

Reed's, Inc. (NYSE MKT: REED), maker of the top-selling sodas in natural food stores nationwide, today announced its revenues for its first quarter ended March 31, 2013, and its earnings release date of May 14, 2013.

Revenues for the first quarter of 2013 increased 24% to over $8 million from $6.5 million in the first quarter of 2012. Chris Reed, Founder and CEO, stated, "This is our fourth year of significant growth. Our revenue goals for this first quarter were exceeded and indicate the strength of our continued growth momentum. This is an exciting year unfolding as we continue to expand revenues with our core brands of Reed's Ginger Brews and Virgil's Natural Sodas. Our new Reed's Culture Club Kombucha line of live probiotic cultured teas continues to roll out and gain acceptance. In addition, we continue to develop significant new private label production opportunities. We anticipate continued strong growth for the rest of 2013."

Appliance Recycling Centers of America Reports First Quarter Operating Results

Company Posts Revenue Increase, Returns to Profitability

Appliance Recycling Centers of America, Inc. (ARCI), a leading provider of appliance retailing and recycling services, today reported operating results for the first quarter ended March 30, 2013.

Total revenues increased 3.3% to $30.4 million versus $29.4 million for the first quarter of 2012. Overall, the Company reported consolidated net income of $0.2 million, or $0.03 per diluted share, compared with near-breakeven results in the first quarter of 2012.