Dillard's Q1 Income Falls 9% but Tops Wall Street Forecasts

Dillard's Q1 Income Falls 9% but Tops Wall Street Forecasts

Dillard’s Inc. of Little Rock (NYSE: DDS) on Thursday reported that first-quarter income fell 9% as sales weakened in home and furniture, shoes and women’s apparel. Income was $163.8 million, down from $180 million in the same quarter a year ago. Per share, earnings came to $10.39. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $9.10 per share. The d…

Dillard’s sees weaker performance in home and furniture during Q1 - Furniture Today

LITTLE ROCK, Ark. – Total retail sales at Dillard’s department stores dipped 2% to $1.5 billion during the first quarter. Same-store sales decreased 1%. Stronger performing categories included juniors’ and children’s apparel and men’s clothing and accessories. Weaker performing categories were home and furniture, shoes and ladies’ apparel. Retail gross margin for the 13 weeks ended May 3 was 45.5% of sales, down slighted from  46.2% of sales in …

Dillard's Q1 Sales Down Slightly

The department store said gains in apparel categories were offset by weakness in home products