Dillard's Q3 Net Rises 4.9 Percent, Sets EPS Record

Dillard'sLITTLE ROCK, Ark.-Dillard's reported third-quarter net income of $50.9 million, up 4.9 percent over the third quarter of last year, as the company set a record for earnings per share of $1.13 in the quarter.

Net sales in the quarter, which ended on Nov. 2, edged up 1.3 percent to $1.5 billion, and included a gain in same-store sales of 1 percent. Weakness in sales in both the home and furniture categories was offset by a "notably strong" performance in ladies accessories, lingerie, shoes and ladies' apparel, according to a Dillard's statement.

Gross margin fell 40 basis points to 36.2 percent. Selling, general and administrative expenses were essentially flat in dollars but down 40 basis points as a percentage of sales to 27.5 percent.

William Dillard II, Dillard's CEO, said the same-store sales increase and control of expenses were highlights for the department-store retailer in the quarter. The company was able to boost net income in spite of the drop in merchandise gross margin as well, Dillard said.

The company also said it is marking its 75th year of holiday sales with an adaptation of its "Dillard's. The Style of Your Life" campaign. It will feature the tagline "Dillard's Making Christmas Merry for 75 Years," which will be spotlighted in all of Dillard's holiday advertising efforts throughout the season, including prominent placement in stores.

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.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.