Dillard's Announces Better than Expected Q2 Earnings Results
Friday, August 14, 2015 at 4:44PM Dillard’s announced its Q2 2015 earnings report on Thursday, with higher than expected results. Net sales rose 2.7% year over year to $1,513.8 million. Total revenue improved 2.5% from same period last year, reaching $1,550.8 million versus $1,512.9 in 2014.
Merchandise same-store comparisons was up 1% from 2014. Categories that over performed were shoes, followed by junior’s and children’s apparel. The home and furniture category recorded the lowest sales in the quarter. The Central region performed highest, followed by the Eastern and Western regions.
Dillard’s has 272 stores, 25 clearance centers in 29 states and an online store at www.dillards.com . During the third quarter, Dillard’s plans to open 2 new stores, one each in Louisiana and Ohio.
Shares for Dillard’s, Inc. rose 2.4% after the announcement.
Source: Zaks.com