Dillard's 4Q Net Rises 16 Percent, Same-store Sales Up 3 Percent

by Lance Turner  on Thursday, Feb. 23, 2012 7:05 am  

Total merchandise sales for the year were $6.194 billion, up about 3 percent from $6.02 billion during the previous year. Same-store merchandise sales rose 4 percent.

Despite a big fourth quarter, revenue attributable to CDI Contractors was down for the full year, falling 31 percent to $70 million from $101 million in the previous year.

For the quarter, revenue attributable to CDI was $24 million, up 100 percent from $12 million during the same quarter last year.

Monthly Sales Reporting

Also Thursday, Dillard's said it will join other retailers, including Wal-Mart Stores Inc. of Bentonville, which no longer report monthly sales results. Dillard's will instead include those results in the company's quarterly news releases.

"Management believes that providing sales information quarterly with operating results provides a more complete representation of the company's performance," Dillard's said in a news release.



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