Dillard's Sales and Profits Strengthen with Economy
3 monthes ago - By WWD
Dillard's Inc. served up some more good news for department stores Thursday, posting better first-quarter sales and profits.
Net earnings rose 21.4 percent to $80.5 million, or $2.89 a share, from $66.3 million, or $2.12, a year earlier.
Revenues for the three months ended May 5 increased 2.7 percent to $1.46 billion from $1.42 billion with a boost from the company's CDI Contractors construction business. Merchandise sales increased 1.7 percent to $1.41 billion with comparable-store sales up 2 percent.
The results echoed those of Macy's Inc., which posted better sales and profits that...
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Dillard's posts rise in Q1 net income to 80.5 mn dollars
3 monthes ago - By Fashion United
Dillard's, Inc., for the 13 weeks ending May 5, 2018 reported net income of 80.5 million dollars or 2.89 dollars per share, compared to 66.3 million dollars or 2.12 dollars per share, for the prior year first quarter. Net sales for the quarter were 1.456 billion dollars compared to 1.418 billion dollars for the 13 weeks ended April 29, 2017.
“Our positive sales momentum continued into the first quarter. We believe this indicates our customer is more comfortable spending in this economic environment, and we hope the positive trend continues. We executed 35 million dollars of share...
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