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Dillard’s Posts Strong First-quarter Earnings
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Dillard’s Posts Strong First-quarter Earnings

WWD·Jean E. Palmieri·18 days ago
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Dillard’s is back in growth mode. The Little Rock, Ark.-based department store chain reported Thursday that net income for the first quarter ended May 2, jumped 53 percent to $250.6 million, or $16.04 a share, from $163.8 million, or $10.39 a share in the prior year. Included in the most recent results is a pre-tax gain on litigation settlement, net of legal fees, of $104.1 million related to the company’s favorable settlement of a long-standing lawsuit involving payment card interchange fees. Without these gains, net income was up around 4 percent. Total sales for the period rose 3.4 percent to $1.52 billion from $1.47 billion. Comparable-store sales increased 3 percent. You May Also Like All merchandise categories reported sales increases compared with the prior year, the company said. Sales increased significantly in home and furniture, women’s accessories and lingerie, and shoes.…

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