Friday, May 18, 2018

Dillard’s picks up steam in Q1

Chain Store Age
One day after Macy’s posted a strong first quarter, Dillard’s reported net income of $80.5 million, or $2.89 per share, for the period ended May 5, up from $66.3 million, or $2.12 per share, for the year-ago period.

Net sales were $1.456 billion, up from and $1.418 billion last year. Net sales includes the operations of the company’s construction business, CDI Contractors. Total merchandise sales (which excludes CDI) increased 2% to $1.409 billion. Same-store sales also increased 2%. . . . more