Dillard's 2Q Net Jumps 76 Percent
August 9, 2012,
LITTLE ROCK, Ark.-A combination of increased sales and expense controls helped Dillard's boost its second-quarter bottom line by 76.1 percent, to $31 million.
Net sales in the quarter, which ended on July 28, rose 3.2 percent to $1.5 billion, including a gain of 3 percent in same-store sales. A Dillard's statement said sales were particularly strong in ladies' accessories, lingerie, shoes and cosmetics. Home and furniture were among the weaker performers in the retailer's sales mix.
William T. Dillard II, Dillard's CEO, credited the company's "notable improvement" in operating results to the sales gains and expense controls.