Dillard's March Same-store Sales Up 6%

by Arkansas Business Staff  on Thursday, Apr. 12, 2007 12:00 am  

Dillard's Inc. sales for the five weeks ended April 7, boosted by the early Easter shopping period, were $679.6 million, compared to sales for the five weeks ended April 1, 2006, of $631.9 million. Total sales increased 8 percent for the five-week period while sales in comparable stores increased 6 percent.
Wall Street analysts had forecast a same-store sales decline of 0.2 percent.
The Little Rock retailer noted that Easter shopping activity occurred entirely in the fiscal month of March in 2007 and largely in April of 2006.
March sales of juniors' and children's apparel significantly exceeded Dillard's average sales performance for the period. Sales of home and other merchandise were significantly below trend.
For the nine weeks of the company's new fiscal year, same-store sales are off 1 percent at $1.27 billion compared with $1.28 billion a year ago.
Dillard's stock was trading at $34.32 on Thursday after closing at $33.14 on Wednesday.

 

 

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