logo
Plus   Neg
Share
Email

Dillard's Q2 Loss Narrows

Luxury department store chain Dillard's, Inc. (DDS), Thursday reported second-quarter loss of $8.6 million or $0.37 per share, narrower than last year's loss of $40.7 million or $1.59 per share last year.

Net sales for the quarter dropped to $945.1 million from $1.46 billion last year.

Analysts polled by Thomson Reuters estimated loss of $4.54 per share on revenues of $1.01 billion for the quarter.

Retail gross margin improved 239 basis points of sales to 31.1% compared to 28.7% for the prior year second quarter. All Dillard's store locations were re-opened by June 2, 2020. All stores remain open and operating under reduced hours with the exception of one location, the company said in a statement.

DDS closed Thursday's trading at $27.06, up $0.21 or 0.78%, on the NYSE. The stock further gained $3.86 or 14.25% in the after-hours trade.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
RELATED NEWS
Follow RTT