Dillard's Q1 Profit Beats Street View

Department store chain Dillard's Inc. (DDS) Thursday reported first-quarter net income of $158.2 million or $7.25 per share, compared to net loss of $162.0 million or $6.94 per share in the same period last year.

The 2021 first quarter included a pre-tax gain of $24.6 million mainly related to the sale of three store properties.

On average, 4 analysts polled by Thomson Reuters expected the company to report earnings of $1.54 per share in the quarter. Analysts' estimates, usually exclude, one-time items.

Quarterly sales rose to $1.33 billion from $786.7 million a year ago, while analysts were looking for revenues of $1.27 billion in the period.

Total retail sales soared 73 percent to $1.29 billion from $751.0 million in the prior-year quarter, helped by juniors' and children's apparel, men's apparel and accessories and ladies' accessories and lingerie.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sturtevant, Wisconsin-based BRP U.S. Inc. is recalling around 20 models of Side-by-Side vehicles citing fire risk, the U.S. Consumer Product Safety Commission. The recall involves about 34,400 units of Model Years 2020 and 2021 Can-AM Defender HD10 side-by-side vehicles. While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year. For fiscal... Shares of Vodafone Group Plc were gaining around 2 percent in the morning trading in London after the British telecom major reported higher revenues in its first quarter. Looking ahead, the company said it is on track to deliver fiscal year 2022 guidance, with Adjusted EBITDAaL expected to be between 15.0 billion euros - 15.4 billion euros and Adjusted free cash flow of at least 5.2 billion euros
Follow RTT