Dillard’s, Inc. Reports First Quarter Results
Dillard's reported a 3% increase in total retail sales for the first quarter, with comparable store sales also up 3%. Net income surged to $250.6 million, or $16.04 per share, from $163.8 million, or $10.39 per share, in the prior year. This includes a $104.1 million pre-tax gain from a litigation settlement. The retail gross margin improved to 45.8% from 45.5% in the prior year, while operating expenses increased to $444.0 million (28.3% of sales) from $421.7 million (27.6% of sales).
Key figures
- Eps
- 16.04
- Revenue Yoy
- 3%
- Net income
- 250600000
- Retail gross margin
- 45.8%
- Litigation settlement gain
- 104100000
- Litigation settlement gain per share
- 5.1
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