Dillard's Inc. (DDS) reported first-quarter net income of $117.2 million, or $2.50 per share, up from $95.0 million, or $1.89 per share in the year ago quarter.
The latest-quarter net income included a net after-tax credit totaling $4.4 million or $0.09 per share.
Excluding items, net income for the latest quarter was $112.8 million or $2.40 per share compared to net income of $95.0 million or $1.89 per share in the prior year first quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $2.09 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, net sales for the quarter remained flat at $1.549 billion for both the comparable quarters. Analysts expected to see revenues of $1.61 billion for the current quarter.
During the quarter, the Company repurchased 1.4 million shares of stock for $114.7 million of Class A Common Stock, for a purchase price of $79.12 per share.
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