Dillard's Q2 Net Up 17.7 Percent
August 15, 2013,
LITTLE ROCK, Ark.-Checks on expenses offset a laggard sales performance to deliver a 17.7 percent gain in net income for Dillard's in its fiscal second quarter, to $36.5 million.
Selling, general and administrative expenses declined 0.2 percent in dollars, although they rose 10 basis points as a percentage of sales to 26.9 percent. Gross margin increased 37 basis points to finish the quarter, which ended on Aug. 3, at 35.6 percent.
Net sales slipped 0.5 percent to $1.5 billion, although same-store sales increased 1 percent in the quarter. The weakest categories in the quarter, according to a Dillard's statement, were home and furniture, followed by ladies' apparel.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.