Skip to main content

Dillard's swings to profit, beats street


LITTLE ROCK, Ark. Dillard's has announced sales results for the 13 weeks ended Oct. 31.

Net income for 13 weeks ended Oct. 31 was $8 million, or 11 cents per share, compared with a net loss for 13 weeks ended Nov. 1 the prior year of $56 million, or 76 cents per share. Net sales were $1.36 billion compared with net sales the prior year of $1.51 billion. Total merchandise sales were $1.32 billion, declining 11% during 13-week period ended Oct. 31 compared with 13 week period ended Nov. 1 the prior year. Merchandise sales in comparable-stores declined 9%.

Dillard’s CEO, William Dillard, II, stated, “[E]ven with the substantial inventory decline [of 22%] at the end of the quarter, we believe we are well-positioned to meet anticipated fourth quarter holiday demand with a steady flow of compelling product receipts throughout the season.”

This ad will auto-close in 10 seconds