Dillard's Finishes Second Quarter in the Black
August 13, 2010,
LITTLE ROCK, Ark.--Dillard's reversed a second-quarter 2009 net loss of $26.7 million by turning in net income of $6.8 million in this year's second quarter.
Total merchandise sales in the quarter edged down 1 percent to less than $1.4 billion. But Dillard's chopped 1.2 percent from advertising, selling, general and administrative expenses in the quarter. In addition, the company improved its gross margin by 330 basis points to 34.5 percent.