Dillard's Net Jumps 80 Percent in Third Quarter

LITTLE ROCK, Ark.-Third-quarter net income for Dillard's rose 80 percent to $14.4 million, thanks to the retailer's efforts and inventory and expense controls.

Controls on inventory, which for comparable stores declined 2 percent, helped push up gross margin by 190 basis points to 36.3 percent. Advertising, selling, administrative and general expenses edged down 0.9 percent on a dollar basis. These factors helped offset a reduction of 1.1 percent in net sales, which finished the quarter (which ended Oct. 30) at $1.3 billion.

William T. Dillard II, Dillard's chief executive officer, said the third-quarter performance "reflects our continuing and firm resolve to effectively manage and improve inventory, to control expenses and to seek the best uses for our strong cash flow."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • SPONSORED: Abbyson's Fashion-Forward Collections Shine in High Point

    Camera Icon   More Videos