Overview
- Dillard's posted first-quarter net income of $250.6 million, or $16.04 a share, up from $163.8 million, or $10.39, a year earlier.
- Revenue reached $1.57 billion as comparable-store sales rose 3 percent and retail gross margin widened to 45.8 percent.
- A $104.1 million pre-tax gain from a payment card interchange-fee settlement lifted results, and profit rose about 4 percent without it.
- Every merchandise category grew, led by home and furniture, women's accessories and lingerie, and shoes, with cosmetics up slightly.
- The company beat Zacks’ small analyst sample, and CEO William T. Dillard II said fresh assortments are the priority to keep customers buying.