Dillard's bounces back in 3Q

Retail Editor 8, Staff Staff, November 12, 2010

Little Rock, Ark. - Gross margin improvement and inventory management helped push Dillard's third quarter profit up significantly.

Net income for the quarter ended Oct. 30 was $14.4 million, or 22 cents per share, up 80% from the year-ago period's profit of $8.0 million, or 11 cents per share. Gross margin for retail operations - excluding the company's CDI Contractors construction business - improved by about 150 basis points.

Merchandise sales were flat: $1.321 billion compared to $1.316 billion in last year's 3Q. Including the CDI business, total sales slipped 1.1% to $1.344 billion.


Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!